Question # 1

The shares of public limited company are.

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Not refundable

Not tanserable

Transferable

No allotable

The face value of the share is also known as.

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Book value

Par value

Market value

None of these

The charter of the company containing the objects of whihc for company is being formed is called.

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Articles of association

Prospectus

Memorandum of associaton

Notice

A person who purchases the share of the company becomes its.

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Share holder

Debenture holder

Under writer

Promoter

The loss prior to the date of incorporation of a company is.

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Revenue loss

Capital loss

Liability

None of these

Share applicaton account is in the nattur eof.

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Real account

Personal account

Nominal account

None of the above

The profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

The rules and regulation foverning the internal management and administration of the company are called.

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Memorandum of assocaition

Articles of association

Prospectus

None of these

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.

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Limited company

Un limited company

Company limited by guarantee

Chartered company

The credit balacne of the retained earnings statement represents.

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Undisturbed Profit

Divided declared

Profit distributed

None of these

If the price required to be paid to the company for the share is more than nominal value of that share, it is called.

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At discount

At premium

At par

None of these

A situation where a company receives application for a less number of shares than offered to the public for subscription is termed as.

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Oversubscription

Under subscription

No subscription

None of these

Equity share holders are.

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Creditors

Owners

Customers of the company

Debtors of the company

The debentures which are repayable at the end of a specified period are termed as.

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Redeemeble debentures

Irredeemable debentures

Repayable debetures

None of these

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