First Year Principles of Commerce Chapter 7 Online MCQ Test for 1st Year Principles of Commerce Chapter 7 (Joint Stock (III))

This online test contains MCQs about following topics:

Directors of the company . Qualification and disqualification of directors . Vacation of Office by director . Powers of duties of directors . Meetings of the company . Resolution and its kinds . Winding up of the company

ICOM Part 1 Commerce Ch. 7 Test
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MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

Try The MCQ's Test For Chapter 7 "Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test

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Question # 1

People who run the management of a joint stock company are:

Question # 2

Issuance of notice about statutory meeting is the responsibility of:

Question # 3

After the formation of a company, what is the first meeting of shareholders is called

Question # 4

Co-operative society is established under the following act:

Question # 5

After the formation of a company, the first meeting of shareholder is called:

Question # 6

The basic aim of a co-operative society is:

Question # 7

The objective of a statutory meeting is

Question # 8

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:

Question # 9

To whom does the directors of a company submit the copy of profit and loss account

Question # 10

The directors are selected by:

Question # 11

The minimum number of directors in a public ltd. company:

Question # 12

Whose signature is important on statutory report of the company:

Question # 13

What are the possibilities to wind up a company

Question # 14

An ordinary resolution is passed for:

Question # 15

A Statutory meeting is called after getting the certificate of commencement:

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ICom Part 1 Principle of Commerce (English Medium) Chapter 7 Important MCQ's

Sr.# Question Answer
1 What are the possibilities to wind up a company:
A. Voluntary winding up
B. Voluntary winding up under the supervision of court
C. Violent winding up by the court
D. All of them
2 Whose signature is important on statutory report of the company
A. Shareholders
B. Promoters
C. Directors
D. Auditors
3 The minimum number of directors in a multimembers private ltd. company:
A. Five
B. Seven
C. Two
D. Not fixed
4 The objective of a statutory meeting is:
A. To raise funds
B. To settle preferences
C. To win the confidence of company's shareholders
D. To sell the shares
5 Who can be a director of a company
A. Immature/Minor
B. Artificial person
C. Representative of the creditor
D. Insolvent person
6 What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
A. 6 months
B. 9months
C. 12months
D. 16months
7 Issuance of notice about statutory meeting is the responsibility of:
A. Promoters
B. Shareholders
C. Company secretary
D. Directors
8 What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:
A. 6 months
B. 9 months
C. 12 months
D. 16 months
9 An ordinary resolution is passed for
A. Winding up of company
B. Section of statutory company
C. Not announcing the dividend
D. All of them
10 The shareholders should be informed about the statutory meeting least:
A. 14 days before
B. 21 days before
C. 7 days before
D. None of these

Test Questions

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