First Year Principles of Commerce Chapter 7 Online MCQ Test for 1st Year Principles of Commerce Chapter 7 (Joint Stock (III))

This online test contains MCQs about following topics:

Directors of the company . Qualification and disqualification of directors . Vacation of Office by director . Powers of duties of directors . Meetings of the company . Resolution and its kinds . Winding up of the company

ICOM Part 1 Commerce Ch. 7 Test
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MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

Try The MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test

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Question # 1

For how much time the directors are selected in public ltd. company:

Question # 2

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:

Question # 3

The directors are selected by

Question # 4

The details of the allotted shares is mentioned in:

Question # 5

To whom does the directors of a company submit the copy of profit and loss account:

Question # 6

Issuance of notice about statutory meeting is the responsibility of:

Question # 7

The objective of a statutory meeting is:

Question # 8

Who can be a director of a company

Question # 9

After the formation of a company, the first meeting of shareholder is called:

Question # 10

The basic aim of a co-operative society is:

Question # 11

The minimum number of directors in a public ltd. company:

Question # 12

People who run the management of a joint stock company are:

Question # 13

People who run the management of a joint stock company are

Question # 14

Whose signature is important on statutory report of the company:

Question # 15

What are the possibilities to wind up a company

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Sr.# Question Answer
1 The minimum number of directors in a public company
A. Seven
B. Nine
C. Eleven
D. Two
2 For how much time the directors are selected in public ltd. company:
A. 2 years
B. 3 years
C. 7 years
D. 10 years
3 Issuance of notice about statutory meeting is the responsibility of:
A. Promoters
B. Shareholders
C. Company secretary
D. Directors
4 People who run the management of a joint stock company are
A. Shareholders
B. Creditors
C. Directors
D. Debentureholders
5 A Statutory meeting is called after getting the certificate of commencement:
A. After 3 Months
B. After 6 Months
C. After 3 months and before 6 months
D. Within a year
6 Whose signature is important on statutory report of the company
A. Shareholders
B. Promoters
C. Directors
D. Auditors
7 What are the possibilities to wind up a company:
A. Voluntary winding up
B. Voluntary winding up under the supervision of court
C. Violent winding up by the court
D. All of them
8 After the formation of a company, what is the first meeting of shareholders is called
A. Statutory meeting
B. Annual general meeting
C. Extra ordinary meeting
D. None of these
9 Co-operative society is established under the following act:
A. 1920
B. 1925
C. 1930
D. 1935
10 The details of the allotted shares is mentioned in
A. Statutory report
B. Annual meeting report
C. Special meeting report
D. All of them
11 The directors are selected by
A. Shareholders
B. Promoters
C. Board of directors
D. All three can do
12 What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation
A. 6 months
B. 9 months
C. 12 months
D. 18 months
13 To whom does the directors of a company submit the copy of profit and loss account
A. Company's registrar
B. Company's auditor
C. Company's creditor
D. None of them
14 The details of the allotted shares is mentioned in:
A. Statutory report
B. Annual meeting report
C. Special meeting report
D. All of them
15 The objective of a statutory meeting is:
A. To raise funds
B. To settle preferences
C. To win the confidence of company's shareholders
D. To sell the shares

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