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

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Principle of Commerce Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 A government company can be registered as: Private company Public company No need of registration First two are correct
2 The maximum capital of the company stated in its memorendum: Paid up capital Subscribed capital Authorized capital All are correct
3 The debentures holders of the company are its: Workers Managers Directors Creditors
4 Shares issued to promoter are called: Ordinary shares Preference shares Deferred shares None of these
5 The person who invests in a Modaraba company is called: Modarib Capitalist Rab-ul-mal All are correct
6 A company established by the order of parliament of president is called: Government company Chartered company Statutory company None of these
7 A company in which at least 51% shares are held by the govt. is called: Chartered company Public company Statutory company Government company
8 Business can started after getting certificate of incorporation: Public company Statutory company Private company All the above
9 A company can sell its shares on the allowing prices: At par At discount At premium All the above
10 What does a company get from the prospectus: Capital Fame Registration All the three
11 The profit given to shareholder on their investment by a company is called: Debenture Share Dividend Bonus
12 The most important document of a company is: The memorandum The articles The prospectus The accounts of company
13 Modarba company is formed under: Modarba companies ordinance 1980 Modarba companies ordinance 1984 Modarba companies ordinance 1960 Modarba companies ordinance 1970
14 Holding company is a company which has: No shares of other company Less than 50% shares of other company More than 50% shares of other company 50% shares of other company
15 Which company requires a certificate of commencement: Public Company Private Company Chartered Company All the above
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