MCQ Questions on Joint Stock Company
Commerce is the study of life. Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. Ace up your preparation with the Objective Questions available on Joint Stock Company and enhance your subject knowledge. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams.
MCQ Questions on Joint Stock Company
- A company is formed by
(a) Government
(b) Directors
(c) Promoters
(d) Owners
Answer: (c)
- The word limited should appear after the name of
(a) Partnership
(b) Registered company
(c) Statutory company
(d) Chartered company
Answer: (b)
- Deferred shares are generally issued to:
(a) Promoters
(b) Government
(c) General Public
(d) Managing agents
Answer: (a)
- The minimum members in public limited company are:
(a) 4
(b) 2
(c) 8
(d) 7
Answer: (d)
- Share premium is shown in the balance sheet as an:
(a) Deducted from the asset side.
(b) Liability
(c) Deduction in paid up capital
(d) Asset
Answer: (b)
- Share premium money can be used for:
(a) Issue of fully paid bonus shares
(b) Payment of debentures
(c) Payment of dividend
(d) Writing of good will
Answer: (a)
- Debenture can be issued at:
(a) At discount
(b) At premium
(c) At par
(d) All of the above
Answer: (d)
- How many members have to sign a memorandum of association in case of a private company?
(a) Five
(b) Seven
(c) Two
(d) Ten
Answer: (c)
9.The official signature of a company is called:
(a) Prospectus
(b) Debentures
(c) Shares
(d) Common seal
Answer: (d)
- The company is managed by the group of persons known as:
(a) Board of directors
(b) Group of member
(c) Team of shareholders
(d) None of the above
Answer: (a)
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