Question # 1

What does a company issue to get loan from the public:

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Shares

Debentures

Dividend

All of these

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

A company in which at least 51% shares are held by the govt. is called:

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Chartered company

Public company

Statutory company

Government company

What does a company issue to get loan from the public

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Shares

Debentures

Dividend

All the three

The memorandum and articles of company are:

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Two names of the same document

Two different documents

They are not documents

Both have the same objective

In case of cumulative preference shares, the profit if not paid for one year is:

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Expired

Not Expired

Included in company's capital

None of the above

Holding company is a company which has

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No shares of other company

Less than 50% shares of other company

More than 50% shares of other company

50% shares of other company

Modarba company is formed under:

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Modarba companies ordinance 1980

Modarba companies ordinance 1984

Modarba companies ordinance 1960

Modarba companies ordinance 1970

Holding company is a company which has:

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No shares of other company

Less than 50% shares of other company

More than 50% shares of other company

50% shares of other company

What has to be bought in order to become shareholders of a company

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Shares

Debentures

Dividend

None of these

The powers of directors and promoters are discussed in:

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MOA

AOA

Prospectus

All of these

A company formed according to the royal charter is

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Modaraba company

Chartered company

Statutory company

Registered company

A company established by the order of parliament of president is called:

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Government company

Chartered company

Statutory company

None of these

In case of cumulative preference shares, the profit if not paid for one year is

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Expired

Not expired

Included in company's capital

None of the above

What has to be bought in order to become shareholder of a company:

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Shares

Debentures

Dividend

None of these

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

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