Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 06

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Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf
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Chapter # 06

Joint Stock Company-II

Encircle the most appropriate answer from the following options

1.A Public Ltd. Company is included in the list of

  1. Custom authorities     
  2. Business centre
  3. Chamber of commerce         
  4. Stock exchange

2. In case of cumulative preference shares, the profit if not paid for one year is:

  1. Expired           
  2. Included in company’s capital
  3. Not expired
  4. None of the above

3. The memorandum of company is prepared by.

  1. The promoters
  2. Director
  3. Experts          
  4. Shareholder

4. Which company can issue the shares to public:

  1. Chartered company
  2. Private company
  3. Public ltd. company
  4. All the above

5 A company formed according to the royal charter is:

  1. Modaraba company  
  2. Statutory company
  3. Chartered company
  4. Registered company

6. What has to be bought in order to become shareholder of company:

  1. Shares           
  2. Debentures
  3. Dividend
  4. None of these

7. On which type of shares a company gives the profit on preferential basis:

  1. Ordinary shares       
  2. Preference shares
  3. Elementary shares     
  4. On all the three

8. What does a company issue to get loan from the public:

  1. Preference shares     
  2. Debentures
  3. Shares
  4. All of three

9. Which company requires a certificate of commencement:

  1. Public company       
  2. Chartered company
  3. Private company       
  4. All of three

10. Holding company is a company which has:

  1. No shares of other company
  2. More than 50% shares of other company
  3. Less than 50% shares of other
  4. 50% shares of other company

11. Modaraba company is formed under:

  1. Modaraba companies ordinance 1970
  2. Modaraba companies ordinance 1980
  3. Modaraba companies ordinance 1960
  4. Modaraba companies ordinance ordinance 1984

12. The profit given to shareholder on their investment by a company is called:

  1. Debenture
  2. Interest
  3. Dividend
  4. Bonus

13. What does a company get from the prospectus:

  1. Capital
  2. Registration
  3. Fame
  4. All of the above

14.A company can sell its shares on the allowing prices

  1. At par
  2. At premium
  3. At discount
  4. All the above

15.Business can be started after getting certificate of incorporation:

  1. Public company
  2. Statutory company
  3. Private company
  4. All the above

16. A company in which at least 51% shares are held by the government, is called:

  1. Chartered company   
  2. Statutory company
  3. Public company         
  4. Government company

17. A company established by the order of parliament or president is called:

  1. Government company
  2. Statutory company
  3. Chartered company
  4. None of these

18. The person who invests in a Modaraba company called:

  1. Modarib
  2. Rab-ul-mal
  3. Capitalist

19. Shares issued to promoter are called:

  1. Ordinary shares
  2. Deferred shares
  3. Preference shares
  4. None of these

20. The maximum capital Of the company stated in its memorandum:

  1. Paid up capital
  2. Authorized capital
  3. Subscribed capital
  4. All are correct

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