Please refer to MCQ Questions Chapter 7 Formation of a Company Class 11 Business Studies with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Business Studies issued for the current academic year. We have provided MCQ Questions for Class 11 Business Studies for all chapters on our website. Students should learn the objective based questions for Chapter 7 Formation of a Company in Class 11 Business Studies provided below to get more marks in exams.
Chapter 7 Formation of a Company MCQ Questions
Please refer to the following Chapter 7 Formation of a Company MCQ Questions Class 11 Business Studies with solutions for all important topics in the chapter.
MCQ Questions Answers for Chapter 7 Formation of a Company Class 11 Business Studies
Question. The dividend payable to ___________ shareholders is payable on fixed figure or percent
(a) Equity
(b) Non-preference
(c) Preference
(d) All of the above
Answer
C
Question. A private company means a company which has a minimum paid up capital of Rs.______
(a) 1,00,000
(b) 5,00,000
(c) 50,00,000
(d) None of the above
Answer
A
Question. __________ means the total amount of called up capital on the shares issued and subscribed by the shareholders on the capital account.
(a) Called-up capital
(b) subscribed capital
(c) nominal capital
(d) Paid-up capital
Answer
A
Question. Among the following which documents are not mandatory to be submitted to the registrar along with an incorporation application by a private company.
(a) Address of Registered office & undertaking
(b) Undertaking and statement of capital
(c) Statement of capital & list of directors
(d) List of directors and statement of capital
Answer
A
Question. “Men may come and men may go but the company exists”- this explains which characteristics of the company as per companies Act 1956.
(a) Separate legal entity
(b) Perpetual Succession
(c) Capacity to sue
(d) None of the above
Answer
B
Question. A proposed name of a Company is considered undesirable if
(a) It is identical to the name of an existing company
(b) It resembles closely the name of an existing company
(c) It is an emblem of the Government of India, the United Nations, etc.
(d) In case of any of the above
Answer
D
Question. The application for registration of a company should be presented to the _______________ of the state appointed under Companies Act 1956
(a) Controller
(b) Registrar
(c) Governor
(d) Registration officer
Answer
B
Question. Private company prohibits any invitation or acceptance of deposits from persons other than its ___________
(a) Members
(b) directors
(c) Partners
(d) Banks
Answer
A
Question. The shares of a _______________ company can be freely transferable
(a) Private ltd
(b) Public ltd
(c) Partnership
(d) All of the above
Answer
B
Question. A private company means a company which has a minimum paid up capital of Rs._________
(a) 1,00,000
(b) 5,00,000
(c) 50,00,000
(d) None of the above
Answer
B
Question. Which of the following clause of the Memorandum of Association cannot be altered?
(a) Name
(b) Object
(c) Situation
(d) Liability
Answer
D
Question. A prospectus is issued by
(a) A private company
(b) A public company seeking investment from public
(c) A public enterprise
(d) A public company
Answer
B
