Question # 1

Who can be a director of a company

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Immature/Minor

Artificial person

Representative of the creditor

Insolvent person

After the formation of a company, the first meeting of shareholder is called:

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Statutory meeting

Annual general meeting

Extra ordinary meeting

None of these

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

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2 years

3 years

7 years

10 years

The basic aim of a co-operative society is:

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To store goods

To earn profit

To serve members

All the above

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

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2 years

3 years

7 years

10 years

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

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6 months

9 months

12 months

16 months

The details of the allotted shares is mentioned in

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Statutory report

Annual meeting report

Special meeting report

All of them

The directors are selected by

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Shareholders

Promoters

Board of directors

All three can do

People who run the management of a joint stock company are

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Shareholders

Creditors

Directors

Debentureholders

An ordinary resolution is passed for

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Winding up of company

Section of statutory company

Not announcing the dividend

All of them

Whose signature is important on statutory report of the company:

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Shareholders

Promoters

Directors

Auditors

The minimum number of directors in a public company

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Seven

Nine

Eleven

Two

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

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Company's registrar

Company's auditor

Company's creditor

None of these

The objective of a statutory meeting is:

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To raise funds

To settle preferences

To win the confidence of company's shareholders

To sell the shares

The notice of special resolution must be given to the members

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21 days before

37 days before

33 days before

14 days before

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

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