Q. The dividend payable to ___________ shareholders is payable on fixed figure or percent
✅ Correct Answer: (C)
Preference
Formation of a Company MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Business Studies | Chapter: Formation of a Company here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. A company is known as the _______company of another company if it has control over that other company.
✅ Correct Answer: (B)
Holding
Q. A private company means a company which has a minimum paid up capital of Rs.______
✅ Correct Answer: (A)
1,00,000
Q. The Prospectus must be issued to the public within ______________ days of its date.
✅ Correct Answer: (C)
90
Q. __________ means the total amount of called up capital on the shares issued and subscribed by the shareholders on the capital account.
✅ Correct Answer: (A)
Called-up capital
Q. Par value of shares means the __________ value of the shares
✅ Correct Answer: (B)
face
Q. Among the following which documents are not mandatory to be submitted to the registrar along with an incorporation application by a private company.
✅ Correct Answer: (A)
Address of Registered office & undertaking
Q. The articles of association need to be signed by
✅ Correct Answer: (C)
Subscribers of memorandum
Q. “Men may come and men may go but the company exists”- this explains which characteristics of the company as per companies Act 1956.
✅ Correct Answer: (B)
Perpetual Succession
Q. ___________ cannot give an invitation to the public to subscribe for any shares in or debentures of the company
✅ Correct Answer: (C)
Private company
Q. A proposed name of a Company is considered undesirable if
✅ Correct Answer: (D)
In case of any of the above
Q. Application for approval of name of a company is to be made to
✅ Correct Answer: (B)
Registrar of Companies
Q. The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956
✅ Correct Answer: (B)
Registrar
Q. Powers, rights, remuneration, qualification, and duties of directors are discussed clearly in
✅ Correct Answer: (B)
Articles of Association
Q. Private company prohibits any invitation or acceptance of deposits from persons other than its ___________
✅ Correct Answer: (A)
Members
Q. The shares of a _______________ company can be freely transferable
✅ Correct Answer: (B)
Public ltd
Q. Which of the following is not a clause of memorandum of association
✅ Correct Answer: (D)
directors
Q. A private company means a company which has a minimum paid up capital of Rs._________
✅ Correct Answer: (B)
5,00,000
Q. The certificate of capital will be issued by
✅ Correct Answer: (D)
Controller of capital issues
Q. Which of the following clause of the Memorandum of Association cannot be altered?
✅ Correct Answer: (D)
Liability
Q. The company will be considered as a separate person and different from its members from the date of __________
✅ Correct Answer: (D)
Mentioned in the certificate
Q. A prospectus is issued by
✅ Correct Answer: (B)
A public company seeking investment from public
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