First Year Principles of Commerce Chapter 6 Online MCQ Test for 1st Year Principles of Commerce Chapter 6 (Joint Stock Company (II))

This online test contains MCQs about following topics:

Kinds of company . Difference between public & private company . Formation of a company . Important doucments of company . Difference between memorandum & articles of company . Sources of company's capital . Kinds of company's capital

ICOM Part 1 Commerce Ch. 6 Test
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MCQ's Test For Chapter 6 "Principle of Commerce Icom Part 1 English Medium Chapter 6 Online Test"

Try The MCQ's Test For Chapter 6 "Principle of Commerce Icom Part 1 English Medium Chapter 6 Online Test"

  • Total Questions15

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

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Question # 1

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

Question # 2

Holding company is a company which has

Question # 3

The memorandum and articles of company are:

Question # 4

The memorandum of company is prepared by:

Question # 5

Modarba company is formed under

Question # 6

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

Question # 7

What does a company get from the prospectus

Question # 8

Which company requires a certificate of commencement:

Question # 9

The maximum capital of the company stated in its memorendum:

Question # 10

A public ltd. company is included in the list of:

Question # 11

A government company can be registered as:

Question # 12

A public Ltd. company is included in the list of

Question # 13

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

Question # 14

What does a company issue to get loan from the public

Question # 15

Which company requires a certificate of commencement

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ICom Part 1 Principle of Commerce (English Medium) Chapter 6 Important MCQ's

Sr.# Question Answer
1 A word "private" is not used by:
A. A statutory company
B. A public company
C. A chartered company
D. All the above
2 The profit given to shareholder on their investment by a company is called
A. Debenture
B. Share
C. Dividend
D. Bonus
3 Holding company is a company which has:
A. No shares of other company
B. Less than 50% shares of other company
C. More than 50% shares of other company
D. 50% shares of other company
4 What has to be bought in order to become shareholders of a company
A. Shares
B. Debentures
C. Dividend
D. None of these
5 What has to be bought in order to become shareholder of a company:
A. Shares
B. Debentures
C. Dividend
D. None of these
6 The memorandum of company is prepared by:
A. Specialist
B. Promoters
C. Experts
D. All the above
7 The maximum capital of the company stated in its memorendum:
A. Paid up capital
B. Subscribed capital
C. Authorized capital
D. All are correct
8 On which type of shares a company gives the profit on preferential basis
A. Ordinary shares
B. Preference shares
C. Elementary shares
D. On all the three
9 The memorandum and articles of company are:
A. Two names of the same document
B. Two different documents
C. They are not documents
D. Both have the same objective
10 A company established by the order of parliament of president is called:
A. Government company
B. Chartered company
C. Statutory company
D. None of these

Test Questions

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