CBSE Questions for Class 10 Elements Of Business Joint Stock Company Quiz 4 - MCQExams.com

Tick mark the correct answer.
Physical verification of fixed assets is the primary responsibility of the___________.
  • Auditor
  • Management
  • Government
  • Shareholders
Conversion of shares of a smaller denomination into shares of a bigger denomination is called
  • Consolidation
  • Sub-division
  • Restructuring
  • All of these
Which is the first step in the process of Contract Manufacturing?
  • Contract manufacturer manufactures and reports progress to the original equipment manufacturer
  • Customer places a sales order
  • Product shipped on the customer's request.
  • Manufacturing is outsourced partially to a contract manufacturer.
Which of the following industry(ies) is/are example(s) of Contract Manufacturing?
  • Defense
  • Medical
  • Telecommunications
  • All of the above
Contract manufacturing is a business process in which an organization known as ____________ outsources manufacturing to another organization.
  • Contract Manufacturer
  • Original Equipment Manufacturer (OEM)
  • Order Manager
  • None of the above
The Companies Act does not prohibit the formation of one-man company.
  • True
  • False
Which of the following is/are the advantage(s) of contract manufacturing?
  • There is hardly any investment risk involved in the foreign countries.
  • It helps international firms in getting products manufactured or assembled at lower costs.
  • Local producers in foreign countries also gain from contract manufacturing.
  • All of the above
_________ is one form of outsourcing that allows companies to improve their production capability, get new services they cant manufacture themselves or reduce their production costs.
  • Export
  • Import
  • Contract manufacturing
  • None of the above
A company using a contract manufacturer in a low-cost country, for example, may incur shipping costs that cancel out any unit cost advantages.
  • True
  • False
A company is known as the holding company of another company if it has control over the other company.
  • True
  • False
Flextronics Corporation is a famous name in the field of Contract Manufacturing.
  • True
  • False
In $$1981, 7$$ engineers in Pune , Founded the following company
  • L & T
  • Infosys
  • Wipro
  • TCS
The company that hires the contract manufacturer should keep in mind that the manufacturer has other customers. This is identified from which of the following limitations?
  • Lack of Control
  • Relationships
  • Quality Concern
  • Capacity Concerns
Which document is an invitation to general public to subscribe to the securities of a company?
  • MoA
  • AoA
  • Prospectus
  • Certificate of Incorporation
Which clause of the Memorandum of Association defines powers and limitation of a company?
  • Name clause
  • Object clause
  • Liability clause
  • Situation clause
_____________ is known as the outsourcing of the production process, wholly or partially, to focus on core competencies.
  • Licensing
  • Franchising
  • Contract manufacturing
  • Joint Venture
The government declared _____ public sector undertakings as Navaratnas.
  • 16
  • 9
  • 14
  • 12
Who elects the Board of Directors of a company?
  • Employees
  • Debenture holders
  • Government
  • Shareholders
Which clause of MoA explains the powers and restrictions of a corporation?
  • Name clause
  • Objective clause
  • Liability clause
  • Domicile clause
Which document is known as the charter of a company?
  • Memorandum of Association
  • Articles of Association
  • Prospectus
  • Registration certificate
Perpetual succession indicates______
  • Registration of partnership firm is compulsory.
  • Limited scope for rising fund
  • Separate legal entity, separate from its members
  • Liability of the partners is limited to his contributes to capital
A holding company set up only to unite and control its subsidiaries is called a
  • Proprietary holding company
  • Primary holding company
  • Political holding company
  • Pure holding company
To help individuals and business realize their full potential. Is the vision of
  • Cognizant
  • Apple
  • Microsoft
  • Walmart
Which of the following is the recently introduced form of business organization in INDIA wide companies Act $$2013$$ ?
  • LLP
  • Sole proprietorship
  • OPC
  • Private limited company
When is a company said to have been registered?
  • When it files the memorandum of association with the Registrar of Companies
  • When it gets the certificate of incorporation
  • When it gets the certificate of commencement of business
  • When it actually starts its business
The board must hold an extraordinary general meeting, within_______days of having received a valid requisition for it.
  • 14
  • 21
  • 30
  • 45
Any person dealing with a company is deemed to have a knowledge of its
  • Memorandum of association
  • Articles of association
  • Both the above
  • None of the above
If a public limited company does not issue prospectus which of these conditions must be satisfied before commencement of business
  • To file a statement in lieu of prospectus
  • To file necessary declaration signed either by one of the director or company secretary
  • Both
  • Either a or b
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 10 Elements Of Business Quiz Questions and Answers