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"

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  • Total Questions15

  • Time Allowed20

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

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Question # 1

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

Question # 2

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

Question # 3

What does a company get from the prospectus

Question # 4

The person who invests in a Modaraba company is called:

Question # 5

A public Ltd. company is included in the list of

Question # 6

The memorandum and articles of company are

Question # 7

What has to be bought in order to become shareholder of a company:

Question # 8

What does a company get from the prospectus:

Question # 9

Business can started after getting certificate of incorporation:

Question # 10

Shares issued to promoter are called:

Question # 11

Modarba company is formed under

Question # 12

Modarba company is formed under:

Question # 13

A word "private" is not used by:

Question # 14

Which company requires a certificate of commencement

Question # 15

Holding company is a company which has

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Sr.# Question Answer
1 The maximum capital of the company stated in its memorendum:
A. Paid up capital
B. Subscribed capital
C. Authorized capital
D. All are correct
2 Shares issued to promoter are called:
A. Ordinary shares
B. Preference shares
C. Deferred shares
D. None of these
3 Modarba company is formed under
A. Modarba companies ordinance 1980
B. Modarba companies ordinance 1984
C. Modarba companies ordinance 1960
D. Modarba companies ordinance 1970
4 A word "private" is not used by:
A. A statutory company
B. A public company
C. A chartered company
D. All the above
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 A public ltd. company is included in the list of:
A.
Business center
B. Custom authorities
C. Stock exchange
D. Chamber of commerce
7 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
8 Business can started after getting certificate of incorporation:
A. Public company
B. Statutory company
C. Private company
D. All the above
9 Which company requires a certificate of commencement:
A. Public Company
B. Private Company
C. Chartered Company
D. All the above
10 The memorandum of company is prepared by:
A. Specialist
B. Promoters
C. Experts
D. All the above
11 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
12 The powers of directors and promoters are discussed in:
A. MOA
B. AOA
C. Prospectus
D. All of these
13 A company formed by the royal order is:
A. Modarba company
B. Chartered company
C. Statutory company
D. Registered company
14 Which company requires a certificate of commencement
A. Public company
B. Private company
C. Chartered company
D. All the above
15 Modarba company is formed under:
A. Modarba companies ordinance 1980
B. Modarba companies ordinance 1984
C. Modarba companies ordinance 1960
D. Modarba companies ordinance 1970

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