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

For how much time the directors are selected in public ltd. company:

Question # 2

The objective of a statutory meeting is

Question # 3

The notice of special resolution must be given to the members

Question # 4

Co-operative society is established under the following act:

Question # 5

An ordinary resolution is passed for:

Question # 6

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

Question # 7

The minimum number of directors in a multimembers private ltd. company:

Question # 8

Who can be a director of a company

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

Issuance of notice about statutory meeting is the responsibility of:

Question # 13

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

Question # 14

Whose signature is important on statutory report of the company:

Question # 15

For how much time the directors are selected in a public ltd. company

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

Sr.# Question Answer
1 What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation
A. 6 months
B. 9 months
C. 12 months
D. 18 months
2 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
3 An ordinary resolution is passed for:
A. Winding up of company
B. Section of statutory company
C. Not announcing the dividend
D. All of them
4 The directors are selected by:
A. Shareholders
B. Promoters
C. Board of directors
D. All three can do
5 What are the possibilities to wind up a company
A. Voluntary winding up
B. Voluntary winding up under the supervision of court
C. Voilent winding up by the court
D. All of them
6 After the formation of a company, what is the first meeting of shareholders is called
A. Statutory meeting
B. Annual general meeting
C. Extra ordinary meeting
D. None of these
7 The directors are selected by
A. Shareholders
B. Promoters
C. Board of directors
D. All three can do
8 Issuance of notice about statutory meeting is the responsibility of:
A. Promoters
B. Shareholders
C. Company secretary
D. Directors
9 Who provides the capital for co-operative society:
A. Government
B. Members
C. Banks
D. None of these
10 The details of the allotted shares is mentioned in:
A. Statutory report
B. Annual meeting report
C. Special meeting report
D. All of them

Test Questions

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