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

The directors are selected by:

Question # 2

What is not necessary for a private company:

Question # 3

What are the possibilities to wind up a company:

Question # 4

Issuance of notice about statutory meeting is the responsibility of:

Question # 5

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

Question # 6

The details of the allotted shares is mentioned in

Question # 7

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

Question # 8

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

Question # 9

The shareholders should be informed about the statutory meeting least:

Question # 10

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

Question # 11

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

Question # 12

The basic aim of a co-operative society is:

Question # 13

The details of the allotted shares is mentioned in:

Question # 14

Who provides the capital for co-operative society:

Question # 15

The notice of special resolution must be given to the members

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

Sr.# Question Answer
1 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
2 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
3 People who run the management of a joint stock company are
A. Shareholders
B. Creditors
C. Directors
D. Debentureholders
4 People who run the management of a joint stock company are:
A. Shareholders
B. Creditors
C. Directors
D. Debenture holders
5 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
6 What is not necessary for a private company:
A. Statutory meeting
B. Statutory report
C. Both (a) & (b)
D. None of these
7 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
8 The notice of special resolution must be given to the members
A. 21 days before
B. 37 days before
C. 33 days before
D. 14 days before
9 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
10 The report send along with the notice of statutory meeting is called:
A. Company report
B. Auditor'sreport
C. Statutoryreport
D. Profit and lossreport

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