Question: A Company is
- a) All of the options
- b) Has separate legal identity
- c) Has Perpetual existence
- d) Has Common seal
Answer: All of the options
Question: Restricts the right to transfer of shares for
- a) Private company
- b) Limited company
- c) Both
- d) None of the options
Answer: Private company
Question: Prohibits any invitation to public to subscribe for shares and Debentures for
- a) Private company
- b) Limited company
- c) Both
- d) None of the options
Answer: Private company
Question: Prohibits any invitation or acceptance of deposits from persons other than its members , directors or their relatives for
- a) Private company
- b) Limited company
- c) Both
- d) None of the options
Answer: Private company
Question: As per section 617 is a company in which more than 50% of paid up capital is held by Central or State Government or both, Called
- a) Government Company
- b) Private company
- c) Limited company
- d) Foreign Company
Answer: Government Company
Question: Section 591of Act states this type of company is incorporated outside India but has established business in India, Called
- a) Foreign Company
- b) Government Company
- c) Private company
- d) Limited company
Answer: Foreign Company
Question: Authorised Capital is also known as
- a) Nominal or registered Capital
- b) Share capital.
- c) Called up Capital
- d) None of the options
Answer: Nominal or registered Capital
Question: Which is the maximum amount of capital a company can issue
- a) Authorised Capital
- b) Share capital.
- c) Called up Capital
- d) None of the options
Answer: Authorised Capital
Question: Which is part of authorized capital
- a) Issued Capital
- b) Paid up capital
- c) Called up Capital
- d) None of the options
Answer: Issued Capital
Question: Capital raised by issue of shares is called
- a) Share capital.
- b) Authorised Capital
- c) Called up Capital
- d) None of the options
Answer: Share capital.
More Questions.........................................
Question: It cannot exceed authorized capital .
- a) Issued Capital
- b) Paid up capital
- c) Share capital.
- d) None of the options
Answer: Issued Capital
Question: Subscribed Capital is part of
- a) Issued Capital
- b) Share capital.
- c) Paid up capital
- d) Called up Capital
Answer: Issued Capital
Question: It is that part of uncalled capital which the company reserve to be called only upon winding up of company
- a) Reserve Capital
- b) Share capital.
- c) Called up Capital
- d) Called up Capital
Answer: Reserve Capital
Question: Capital Reserve is
- a) Not available for distribution
- b) Available for distribution
- c) Both
- d) None of the options
Answer: Not available for distribution
Question: How many classes of shares
- a) 2
- b) 3
- c) 4
- d) 5
Answer: 2
Question: Classes of shares is
- a) Both
- b) Preference shares
- c) Equity shares
- d) None of the options
Answer: Both
Question: Preference shares : are shares which get preferential right in respect of
- a) Both
- b) Right of dividend
- c) Repayment of capital on winding up
- d) None of the options
Answer: Both
Question: Shares can be issued
- a) Both
- b) for cash
- c) for consideration other than cash
- d) None of the options
Answer: Both
Question: Terms of issue of share
- a) All of the options
- b) Issue of shares at Par
- c) Issue of shares at Premium
- d) Issue of shares at Discount
Answer: All of the options
Question: First instalment paid along with application is called
- a) Application money
- b) Allotment Money
- c) Both
- d) None of the options
Answer: Application money
Question: When Second instalment paid
- a) On allotment
- b) On Application
- c) Both
- d) None of the options
Answer: On allotment
Question: Issues Of Shares At Premium means Issue Of Share At
- a) More than face value
- b) Face Value
- c) Discount Value
- d) Premium value
Answer: More than face value
Question: Issue Of Shares For Cash At Par Means shares are issued
- a) Face Value
- b) Premium value
- c) Discount Value
- d) None of the options
Answer: Face Value
Question: Issue Of Shares At Discount, Rate of discount should not be more than
- a) 0.1
- b) 0.05
- c) 0.12
- d) None of the options
Answer: 0.1
Question: Issue Of Shares At Discount, Sanction from company Law board must be obtained and shares must be issued within
- a) 2 Months of permission
- b) 3 Months of permission
- c) 4 Months of permission
- d) None of the options
Answer: 2 Months of permission
Question: Premium received on issue of shares is shown on
- a) Equity and liabilities part of the balance sheet
- b) Asset part of the balance sheet
- c) Dr side in profit & loss A/c
- d) Cr side in profit & loss A/c
Answer: Equity and liabilities part of the balance sheet
Question: Premium on issue of shares can be used for
- a) Issue of fully paid bonus shares
- b) distribution of profit
- c) Transferred to general reserve
- d) None of the options
Answer: Issue of fully paid bonus shares
Question: Balance in forfeited share account is shown in the balance sheet under the head of
- a) Share capital.
- b) Reserves and surplus
- c) Current liabilities
- d) None of the options
Answer: Share capital.
Question: If a share of Rs. 10 issued at a premium of Rs. 2 on which the full amount has been called and Rs. 2 (including premium) paid is forfeited, the share capital account should be debited with
- a) Rs. 10
- b) Rs. 6
- c) Rs. 5
- d) None of the options
Answer: Rs. 10
Question: When share are forfeited, share capital account is debited with
- a) Called up value of shares
- b) Nominal Value of shares
- c) Paid up value of share
- d) None of the options
Answer: Called up value of shares
Question: If the loss on reissue on shares is less than the amount forfeited, the surplus is transferred to
- a) Capital Reserve
- b) Revenue Reserve
- c) Current liabilities
- d) None of the options
Answer: Capital Reserve
Question: If on share of nominal value of Rs. 10, Rs. 10 have been called up and also received, it will be shown as
- a) Subscribed and fully paid up
- b) Subscribed but not fully paid up
- c) Issued share capital
- d) None of the options
Answer: Subscribed and fully paid up
Question: If on share of nominal value of Rs. 10, Rs. 8 have been called up and also received, it will be shown as
- a) Subscribed but not fully paid up
- b) Subscribed and fully paid up
- c) Issued share capital
- d) None of the options
Answer: Subscribed but not fully paid up
Question: A company can re-issue its seized shares
- a) All of the options
- b) At par
- c) At premium
- d) At discount
Answer: All of the options
Question: The meeting of the board of directors should be at least
- a) Every Quarter
- b) Every Year
- c) Every month
- d) None of the options
Answer: Every Quarter
Question: Premium on issues of shares determined by
- a) Issuer Company
- b) Company Law board
- c) SEBI
- d) None of the options
Answer: Issuer Company
Question: A Company can issue share on discount
- a) After 1 Year of Company Starting
- b) After 1 Year of Company Starting
- c) After permission of Central Govt.
- d) None of the options
Answer: After 1 Year of Company Starting
Question: When does need valuation of shares
- a) Time of Merger
- b) Admission of new Partner
- c) Dissolution of Company
- d) None of the options
Answer: Time of Merger
Question: Which company has special rights under Companies Act 3 (i) section (iii)
- a) Private Company
- b) Limited company
- c) Illegal company
- d) None of the options
Answer: Private Company
Question: A company is formed according to the provisions of Indian Companies Act,
- a) 1956
- b) 1932
- c) 1952
- d) None of the options
Answer: 1956