11th class Principles of Commerce chapter 6 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 6(Joint Stock Company (II)

Principle of Commerce Icom Part 1 English Medium Chapter 6 Online Test

Sr. #	Questions	Answers Choice
1	The powers of directors and promoters are discussed in:	MOA AOA Prospectus All of these
2	A word "private" is not used by:	A statutory company A public company A chartered company All the above
3	A government company can be registered as:	Private company Public company No need of registration First two are correct
4	The maximum capital of the company stated in its memorendum:	Paid up capital Subscribed capital Authorized capital All are correct
5	The debentures holders of the company are its:	Workers Managers Directors Creditors
6	Shares issued to promoter are called:	Ordinary shares Preference shares Deferred shares None of these
7	The person who invests in a Modaraba company is called:	Modarib Capitalist Rab-ul-mal All are correct
8	A company established by the order of parliament of president is called:	Government company Chartered company Statutory company None of these
9	A company in which at least 51% shares are held by the govt. is called:	Chartered company Public company Statutory company Government company
10	Business can started after getting certificate of incorporation:	Public company Statutory company Private company All the above
11	A company can sell its shares on the allowing prices:	At par At discount At premium All the above
12	What does a company get from the prospectus:	Capital Fame Registration All the three
13	The profit given to shareholder on their investment by a company is called:	Debenture Share Dividend Bonus
14	The most important document of a company is:	The memorandum The articles The prospectus The accounts of company
15	Modarba company is formed under:	Modarba companies ordinance 1980 Modarba companies ordinance 1984 Modarba companies ordinance 1960 Modarba companies ordinance 1970

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