CBSE Questions for Class 10 Elements Of Business Joint Stock Company Quiz 3 - MCQExams.com

All of the following are claimed advantages of joint venture except ____________________________.
  • the costs of a new project can be split between the companies involved
  • manufacturing costs will be divided between the firms in the venture
  • joint ventures between firms in different countries can create new market opportunities
  • management of the joint venture will never lead to disagreements
The following is the advantage of a company ___________________.
  • Benefits of large scale production
  • Bold management
  • Full legal cover
  • All of the above
The term company is defined under which sec of the Act?
  • Sec 3(1)
  • Sec 4 (2)
  • Sec 5 (4)
  • Sec 1(3)
Food co-operation of India is _______________.
  • A joint stock company
  • Company managed by department
  • Company established by special act of parliament or state assembly
  • None of the above
The Minimum Number of Members in a Private Company and Public Company are _______________.
  • Three and Seven respectively
  • Two and Seven respectively
  • Two and Nine respectively
  • None of the above
The management of the company is carried on by the elected __________.
  • Board of partners
  • Board of trustees
  • Board of directors
  • Board of shareholders
Characteristics of a company.
  • Artificial legal person
  • Incorporated body
  • Capital divisible into shares
  • All of above
A company can hold its first AGM within ______ months from date of its incorporation.
  • 12
  • 15
  • 9
  • None of these
____________ are preferred when one needs to convey information in writing.
  • Office Order
  • Office Circular
  • Office Note
  • Memorandum
Company's corporate personality was brought forward in the case of ___________________.
  • Macaura V. Northan Assurance Co. Ltd
  • Jons V. Lipman
  • CIT V. Meenakshi Mills Ltd.
  • Salomon V Salomon and Co. Ltd.
Which of the following is/are disadvantage of a company form of organization?
  • The window dressing of the prospectus often misleads the investors who are later on exploited by the promoters.
  • Lack of secrecy
  • Stock exchange speculation
  • All of above
The shareholder's liability in a public company is limited to
  • The extent of their private estates
  • The nominal value of shares
  • The paid-up value of shares
  • The amounts called up on shares
A Model Form of Articles contained in Table "F" relates to a Company Limited by ________________.
  • Shares
  • Guarantee,
  • Shares and Guarantee
  • None of the above.
Which of the following companies must file a statement in lieu of prospectus?
  • A private limited company
  • A cooperative society
  • A company that has issued a prospectus
  • A public company that has not issued a prospectus.
Which of the following documents may be changed with retrospective effect?
  • Memorandum of association
  • Prospectus
  • Articles of association
  • None of the above
The name of a company can be changed by
  • An ordinary resolution
  • A special resolution
  • The approval of the union government
  • A special resolution and with the approval of the union government
The ______ defines the scope of a company's activities.
  • Prospectus
  • Statutory declaration
  • Memorandum of association
  • Articles of association
The _____ defines a company's relations with the outside world.
  • Prospectus
  • Memorandum of association
  • Articles of association
  • Statement in lieu of prospectus
The rules and regulations for the internal management of a company are contained in its
  • Prospectus
  • Annual report
  • Memorandum of association
  • Articles of association
While incorporating a company, a statutory declaration is made by
  • A chartered accountant
  • An advocate
  • A person named in the articles as a director
  • Any of the above
Limited liability is a feature of
  • Partnership
  • Company
  • Sole Proprietorship
  • All of the above
Any outsider dealing with the company is deemed to have knowledge of its memorandum and articles, according to the
  • Principle of constructive notice
  • Principle of management by exception
  • Doctrine of indoor managemetn
  • None of the above
A change in a company's registered office from one state to another may be effected by
  • An ordinary resolution
  • A resolution of the board of directors
  • A special resolution
  • A special resolution and confirmation from the Company Law Board
A Secretary's duties under the Companies Act are _________________.
  • Purely ministerial
  • Either ministerial or administrative
  • Managerial
  • Supervisory
Perpetuity and separate legal entity are the two most important distinctive features of
  • Sole Proprietorship from business
  • Partnership
  • Company
  • Joint Hindu Family Firm
For the purpose of quorum in a general meeting, joint holders of shares are treated as ________________.
  • One member
  • Two members
  • Equal to the number of joint holders
  • Disqualified
The ______ constitute the top administrative organ of the company.
  • Shareholders
  • General manager
  • Board of directors
  • Advisory panel
A holding company that controls its subsidiaries but is itself a subsidiary controlled by another holding company is known as a/an ______ holding company.
  • Pure
  • Primary
  • Mixed
  • Intermediate
How many directors must a company (deemed to be a public company as per Sec.$$43$$A) have?
  • Two
  • Five
  • Seven
  • Ten
A/an _________ may become a director of a company.
  • Partnership firm
  • Person of unsound mind
  • Individual
  • Body corporate
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 10 Elements Of Business Quiz Questions and Answers