CBSE Questions for Class 11 Commerce Business Studies Formation Of A Company Quiz 5 - MCQExams.com

Match List I with List II and select the correct answer using the codes given below the lists.
List IList II
A.Doctrine of ultra vires1.Articles of Association
B.Doctrine of Indoor Management
2.Prospectus
C.Doctrine of golden rule3.Memorandum of Association
  • A - 1, B - 3, C - 2
  • A - 3, B - 1, C - 2
  • A - 2, B - 1, C - 3
  • A - 3, B - 2, C - 1
A word corporation is derived from latin term "corpus" which means: -
  • Body
  • Legal Person
  • Artificial Person
  • None of the above
The books of account of a company should be preserved for a period of not less than_________.
  • 2 years
  • 5 years
  • 8 years
  • 10 years
Port Trust dues are payable by _________________.
  • The forwarding agent
  • Importer
  • Exporter
  • Shipping company
When a right to sell a security is acquired, it is known as _________.
  • call option
  • put option
  • double option
  • single option
The duties of Company Secretary s regarding company meetings are restricted upto _______________.
  • Before company meeting
  • During company meeting
  • After company meeting
  • ln all the above situations
Memorandum of association of a firm contains ____________.
  • rules regarding the internal management of the company
  • rules regarding the constitution and activities of the company
  • rules regarding the external management
  • rules regarding the constitution
Operating leverage examines _________________________.
  • The effect of the change in the quantity on EBIT
  • The effect of the change in EBIT on the EPS of the company
  • The effect of the change in output to the EPS of the company
  • The effect of change in EPS on the output of the company
_______ is required to undertake the business activities is provided by banking and financing institutions.
  • Capital
  • Investment
  • Liability
  • Interest
___________ is a note of record for future use.
  • Office circulars
  • Office Orders
  • Memo
  • Memorandum
A proposed name of company is considered undesirable if  _________.
  • It is identical with the name of an existing company
  • It resembles closely with the same of an existing company
  • It is an emblem of government of India, United Nations etc
  • In case of any of the above
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