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Joint Stock Company MCQ Questions & Answers

Joint Stock Company MCQs : This section focuses on the "Joint Stock Company". These Multiple Choice Questions (MCQs) should be practiced to improve the Joint Stock Company skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

A company is formed by

A. Government
B. Directors
C. Promoters
D. Owners

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Question 2

The word limited should appear after the name of

A. Partnership
B. Registered company
C. Statutory company
D. Chartered company

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Question 3

Deferred shares are generally issued to:

A. Promoters
B. Government
C. General Public
D. Managing agents

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Question 4

The minimum members in public limited company are:

A. 4
B. 2
C. 8
D. 7

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Question 5

Share premium is shown in the balance sheet as an:

A. Deducted from the asset side
B. Liability
C. Deduction in paid up capital
D. Asset

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Question 6

Share premium money can be used for:

A. Issue of fully paid bonus shares
B. Payment of debentures
C. Payment of dividend
D. Writing of good will

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Question 7

Debenture can be issued at:

A. At discount
B. At premium
C. At par
D. All of the above

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Question 8

How many members have to sign a memorandum of association in case of a private company?

A. Five
B. Seven
C. Two
D. Ten

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Question 9

The official signature of a company is called:

A. Prospectus
B. Debentures
C. Shares
D. Common seal

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Question 10

The company is managed by the group of persons known as:

A. Board of directors
B. Group of member
C. Team of shareholders
D. None of the above

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