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Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf
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Chapter # 05

Joint Stock Company-I

Encircle the most appropriate answer from the following options

1 In Pakistan, Joint Stock Company is formed under

  1. The ordinance of 1978           
  2. The ordinance of 1984
  3. The ordinance of 1982           
  4. The ordinance of 1990

2. The minimum number of persons in a public listed company is

  1. Eleven
  2. Five
  3. Seven
  4. Nine

3. The owners of a company are:

  1. The debenture holders
  2. The shareholders
  3. Creditor’s
  4. Debtor’s

4. The minimum number of person in a multi member private company is

  1. Two
  2. Three
  3. Seven
  4. Fifty

5. The maximum number of persons in a public ltd company:

  1. Fifty
  2. Thirty five
  3. Twenty.
  4. Unlimited

6. The audit of a public limited company is:

  1. Not necessary
  2. After every three years
  3. Necessary on yearly basis  
  4. After every six months

7. The persons who manage the affairs of company are called:

  1. The shareholders       
  2. The promoters
  3. The debenture holders           
  4. The directors

8. The persons who work for the formation of company are called:

  1. The owners
  2. The promoters
  3. The employees
  4. None of these

9.The word “private” is not used by:

  1. A statutory company
  2. A chartered company
  3. A public company
  4. All the above

10. Liability of shareholders in a joint stock company

  1. Limited          
  2. None
  3. Unlimited        
  4. All are correct

11. Maximum number of shareholders in a multi-members private company:

  1. Fifty
  2. No limited
  3. Ten
  4. Twenty ON

12. The shares of a joint stock company are:

  1. Transferable 
  2. Of high value
  3. Not for common person        
  4. All are correct

13. Which organization can be listed at stock exchange

  1. Partnership     
  2. Sole tradership
  3. Joint stock company

None of these

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