First Year Principles of Commerce Chapter 7 Online MCQ Test for 1st Year Principles of Commerce Chapter 7 (Joint Stock (III))

This online test contains MCQs about following topics:

Directors of the company . Qualification and disqualification of directors . Vacation of Office by director . Powers of duties of directors . Meetings of the company . Resolution and its kinds . Winding up of the company

ICOM Part 1 Commerce Ch. 7 Test
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MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

Try The MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test

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Question # 1

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation

Question # 2

The objective of a statutory meeting is:

Question # 3

The minimum number of directors in a public company

Question # 4

Issuance of notice about statutory meeting is the responsibility of:

Question # 5

What are the possibilities to wind up a company

Question # 6

After the formation of a company, what is the first meeting of shareholders is called

Question # 7

The directors are selected by

Question # 8

To whom does the directors of a company submit the copy of profit and loss account:

Question # 9

Whose signature is important on statutory report of the company

Question # 10

The report send along with the notice of statutory meeting is called:

Question # 11

What are the possibilities to wind up a company:

Question # 12

The details of the allotted shares is mentioned in:

Question # 13

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:

Question # 14

The shareholders should be informed about the statutory meeting least:

Question # 15

The minimum number of directors in a public ltd. company:

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11th Principles of Commerce Chapter 7 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 7 Important MCQ's

Sr.# Question Answer
1 Who provides the capital for co-operative society:
A. Government
B. Members
C. Banks
D. None of these
2 The directors are selected by
A. Shareholders
B. Promoters
C. Board of directors
D. All three can do
3 People who run the management of a joint stock company are
A. Shareholders
B. Creditors
C. Directors
D. Debentureholders
4 The minimum number of directors in a multimembers private ltd. company:
A. Five
B. Seven
C. Two
D. Not fixed
5 The shareholders should be informed about the statutory meeting least:
A. 14 days before
B. 21 days before
C. 7 days before
D. None of these
6 What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
A. 6 months
B. 9months
C. 12months
D. 16months
7 Whose signature is important on statutory report of the company
A. Shareholders
B. Promoters
C. Directors
D. Auditors
8 Whose signature is important on statutory report of the company:
A. Shareholders
B. Promoters
C. Directors
D. Auditors
9 The basic aim of a co-operative society is:
A. To store goods
B. To earn profit
C. To serve members
D. All the above
10 After the formation of a company, the first meeting of shareholder is called:
A. Statutory meeting
B. Annual general meeting
C. Extra ordinary meeting
D. None of these

Test Questions