Question # 1

Shares issued to promoter are called:

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Ordinary shares

Preference shares

Deferred shares

None of these

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

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

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Shares

Debentures

Dividend

All of these

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

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

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

On which type of shares a company gives the profit on preferential basis:

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Ordinary shares

Preference shares

Elementary shares

On all the three

The profit given to shareholder on their investment by a company is called

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Debenture

Share

Dividend

Bonus

Which company requires a certificate of commencement:

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Public Company

Private Company

Chartered Company

All the above

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

The most important document of a company is

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The memorandum

The articles

The prospectus

The accounts of company

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

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

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