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
Question 2
The word limited should appear after the name of
A. Partnership
B. Registered company
C. Statutory company
D. Chartered company
Question 3
Deferred shares are generally issued to:
A. Promoters
B. Government
C. General Public
D. Managing agents
Question 4
The minimum members in public limited company are:
A. 4
B. 2
C. 8
D. 7
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
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
Question 7
Debenture can be issued at:
A. At discount
B. At premium
C. At par
D. All of the above
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
Question 9
The official signature of a company is called:
A. Prospectus
B. Debentures
C. Shares
D. Common seal
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