Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 05
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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
- The ordinance of 1978
- The ordinance of 1984
- The ordinance of 1982
- The ordinance of 1990
2. The minimum number of persons in a public listed company is
- Eleven
- Five
- Seven
- Nine
3. The owners of a company are:
- The debenture holders
- The shareholders
- Creditor’s
- Debtor’s
4. The minimum number of person in a multi member private company is
- Two
- Three
- Seven
- Fifty
5. The maximum number of persons in a public ltd company:
- Fifty
- Thirty five
- Twenty.
- Unlimited
6. The audit of a public limited company is:
- Not necessary
- After every three years
- Necessary on yearly basis
- After every six months
7. The persons who manage the affairs of company are called:
- The shareholders
- The promoters
- The debenture holders
- The directors
8. The persons who work for the formation of company are called:
- The owners
- The promoters
- The employees
- None of these
9.The word “private” is not used by:
- A statutory company
- A chartered company
- A public company
- All the above
10. Liability of shareholders in a joint stock company
- Limited
- None
- Unlimited
- All are correct
11. Maximum number of shareholders in a multi-members private company:
- Fifty
- No limited
- Ten
- Twenty ON
12. The shares of a joint stock company are:
- Transferable
- Of high value
- Not for common person
- All are correct
13. Which organization can be listed at stock exchange
- Partnership
- Sole tradership
- Joint stock company
None of these