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12th Standard Commerce Companies Act 2013 English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. The Company will have to issue the notice of situation of Registered Office to the Register of Companies within ______ days from the date of incorporation.

    (a)

    14 days

    (b)

    21 days

    (c)

    30 days

    (d)

    60 days

  2. Specify the type of resolution to be passed to choose the location of Registered Office of the company within the town or village or city.

    (a)

    Ordinary

    (b)

    Special

    (c)

    Either Ordinary or Special

    (d)

    Board

  3. Specify the document which comes under the Negotiable Instrument Act.

    (a)

    Share Certificate

    (b)

    Share

    (c)

    Share Warrant

    (d)

    Stock

  4. The shares which are offered first to the existing shareholder at reduced price is known as ______

    (a)

    Bonus Share

    (b)

    Equity Share

    (c)

    Right Share

    (d)

    Preference Share

  5. Which company shares can be freely transferable?

    (a)

    Private company

    (b)

    Public company

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  6. The second stage in the formation of the company is

    (a)

    promotion

    (b)

    registration

    (c)

    capital subscription

    (d)

    commencement of business

  7. A debenture, in which no specific time is specified by the companies to pay back the money is called an

    (a)

    Registered debentures

    (b)

    Bearer debentures

    (c)

    Irredeemable debentures

    (d)

    None of these

  8. The person who envisages the idea is called a

    (a)

    Promoter

    (b)

    Manager

    (c)

    Director

    (d)

    Member

  9. List I List II
    i) Issue of shares at par 1) Except sweat equity share
    ii) Issue of shares at premium 2) Reserves and surplus
    iii) Issue of securities at discount 3) Write off preliminary expenses
    iv) Bouns shares 4) No legal restrictions
    (a)
    (i) (ii) (iii) (iv)
    1 2 3 4
    (b)
    (i) (ii) (iii) (iv)
    2 3 1 4
    (c)
    (i) (ii) (iii) (iv)
    3 4 2 1
    (d)
    (i) (ii) (iii) (iv)
    4 3 1 2
  10. The ___________ is the charter of a company.

    (a)

    Memorandum of Association

    (b)

    Articles of Association

    (c)

    Both 'a' and 'b'

    (d)

    None of the above

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