1. A company is established by:
(A) Directors
(B) Government
(C) Promoters
(D) Owners
2. The ordinary shares are also named as:
(A) Founder Shares
(B) Preference Shares
(C) Equity Shares
(D) Deferred Shares
3. The company which is maintained by the group of persons is called:
(A) Group of members
(B) Team of shareholders
(C) All of the above
(D) Board of directors
4. The power of the company is managed by:
(A) Articles of association
(B) Prospectus
(C) Shareholders
(D) Memorandum of association
5. Debenture holders are also called:
(A) Owner
(B) Creditors
(C) Company
(D) Customer
6. In the issue of shares, normally the discount should not exceed then:
(A) 8%
(B) 2%
(C) 50%
(D) 10%
7. On the account of company audit is:
(A) Restricted
(B) Compulsory
(C) Optional
(D) As per requirement
8. The holder of debenture is called:
(A) Suppliers
(B) Directors
(C) Owners
(D) Creditor
9. The invitation to the public for the purchase of shares privately is called?
(A) Audit report
(B) Prospectus
(C) Articles of association
(D) Articles of association
10. In a public limited company, how many minimum number of members are there?
(A) 50
(B) 7
(C) 17
(D) 20
11. In a private limited company, how many maximum number of members are there?
(A) 30
(B) 50
(C) 11
(D) Unlimited
12. In the balance sheet, the discount on shares is written in:
(A) Asset
(B) Paid-up capital
(C) Liability
(D) Income
