11th class Principles of Commerce chapter 7 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 7(Joint Stock (III))

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

Sr. #	Questions	Answers Choice
1	Who provides the capital for co-operative society:	Government Members Banks None of these
2	Co-operative society is established under the following act:	1920 1925 1930 1935
3	The basic aim of a co-operative society is:	To store goods To earn profit To serve members All the above
4	The report send along with the notice of statutory meeting is called:	Company report Auditor'sreport Statutoryreport Profit and lossreport
5	Issuance of notice about statutory meeting is the responsibility of:	Promoters Shareholders Company secretary Directors
6	The shareholders should be informed about the statutory meeting least:	14 days before 21 days before 7 days before None of these
7	What is not necessary for a private company:	Statutory meeting Statutory report Both (a) & (b) None of these
8	A Statutory meeting is called after getting the certificate of commencement:	After 3 Months After 6 Months After 3 months and before 6 months Within a year
9	Who can be a director of a company:	Immature / Minor Artificial person Representative of the creditor Insolvent person
10	The directors are selected by:	Shareholders Promoters Board of directors All three can do
11	People who run the management of a joint stock company are:	Shareholders Creditors Directors Debenture holders
12	To whom does the directors of a company submit the copy of profit and loss account:	Company's registrar Company's auditor Company's creditor None of these
13	Whose signature is important on statutory report of the company:	Shareholders Promoters Directors Auditors
14	An ordinary resolution is passed for:	Winding up of company Section of statutory company Not announcing the dividend All of them
15	What are the possibilities to wind up a company:	Voluntary winding up Voluntary winding up under the supervision of court Violent winding up by the court All of them

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