Question # 1

The liability of the shareholder of a public limited company is.

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Unlimited

Limited

Compulsory

None of these

The toal amount of capital, in case of company is divided into small units, these units are called.

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Bonds

Cheque

Share

Reserve

A company comes into existence when the registrar issue the

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Prospectus

Certificate of incorporation

statement in Lieu of prospectus

Companies ordinance

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

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At discount

At premium

At par

None of these

The company formed by teh means of Royal Charter is called.

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Public limited company

Private limited company

Charterd company

Registered company

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

The dividend paid to the shareeholders duirng the financial year is.

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Redeemable debentures

Irredeemable debentures

Repayable debebtures

None of these

The maximum number of member in case of public limited company can be

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Forty

Fifty

Sixty

No restriction on maximum number

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.

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Morigage debentures

Secured debentures

Simple or naked debentures

None of these

In case of public company minimum number of members is.

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Six

Seven

Ten

Fifty

Dividend is calculated on.

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Registered capital

Issue Capital

Paid up Capital

Subscribed Capital

The joint stock company is formed under companies ordiance.

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1984

1974

1884

1962

The total amount recived by the company out of the totla called up amount is known as the.

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Called up capital

Paid up capital

Issued capital

Reserve capital

The credit balacne of the retained earnings statement represents.

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Undisturbed Profit

Divided declared

Profit distributed

None of these

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

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Share holder

Debenture holder

Under writer

Promoter

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