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

Holding company is a company which has:

Question # 2

What does a company issue to get loan from the public

Question # 3

Holding company is a company which has

Question # 4

The memorandum of company is prepared by:

Question # 5

Shares issued to promoter are called:

Question # 6

A government company can be registered as:

Question # 7

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

Question # 8

Which company requires a certificate of commencement

Question # 9

The most important document of a company is

Question # 10

The maximum capital of the company stated in its memorendum:

Question # 11

A company established by the order of parliament of president is called:

Question # 12

The powers of directors and promoters are discussed in:

Question # 13

The most important document of a company is:

Question # 14

What has to be bought in order to become shareholders of a company

Question # 15

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

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

Sr.# Question Answer
1 What does a company issue to get loan from the public
A. Shares
B. Debentures
C. Dividend
D. All the three
2 In case of cumulative preference shares, the profit if not paid for one year is:
A. Expired
B. Not Expired
C. Included in company's capital
D. None of the above
3 A word "private" is not used by:
A. A statutory company
B. A public company
C. A chartered company
D. All the above
4 The most important document of a company is:
A. The memorandum
B. The articles
C. The prospectus
D. The accounts of company
5 The debentures holders of the company are its:
A. Workers
B. Managers
C. Directors
D. Creditors
6 What has to be bought in order to become shareholders of a company
A. Shares
B. Debentures
C. Dividend
D. None of these
7 What does a company get from the prospectus
A. Capital
B. Fame
C. Registration
D. All the three
8 The profit given to shareholder on their investment by a company is called:
A. Debenture
B. Share
C. Dividend
D. Bonus
9 A company formed according to the royal charter is
A. Modaraba company
B. Chartered company
C. Statutory company
D. Registered company
10 What has to be bought in order to become shareholder of a company:
A. Shares
B. Debentures
C. Dividend
D. None of these

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