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

  • Time Allowed20

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

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Question # 1

The person who invests in a Modaraba company is called:

Question # 2

A company can sell its shares on the allowing prices:

Question # 3

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

Question # 4

Holding company is a company which has:

Question # 5

The debentures holders of the company are its:

Question # 6

On which type of shares a company gives the profit on preferential basis:

Question # 7

The memorandum and articles of company are

Question # 8

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

Question # 9

What does a company issue to get loan from the public:

Question # 10

A public Ltd. company is included in the list of

Question # 11

Which company can issue the shares to public

Question # 12

The memorandum of company is prepared by:

Question # 13

The powers of directors and promoters are discussed in:

Question # 14

Which company can issue the shares to public:

Question # 15

Business can started after getting certificate of incorporation:

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

Sr.# Question Answer
1 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
2 A government company can be registered as:
A. Private company
B. Public company
C. No need of registration
D. First two are correct
3 The profit given to shareholder on their investment by a company is called:
A. Debenture
B. Share
C. Dividend
D. Bonus
4 Which company requires a certificate of commencement
A. Public company
B. Private company
C. Chartered company
D. All the above
5 A company in which at least 51% shares are held by the govt. is called:
A. Chartered company
B. Public company
C. Statutory company
D. Government company
6 The debentures holders of the company are its:
A. Workers
B. Managers
C. Directors
D. Creditors
7 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
8 The maximum capital of the company stated in its memorendum:
A. Paid up capital
B. Subscribed capital
C. Authorized capital
D. All are correct
9 Which company can issue the shares to public
A. Chartered company
B. Public ltd. company
C. Private company
D. All the above
10 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

Test Questions

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