CBSE Class 11 Formation of a Company Multiple Choice Questions with Answers. MCQ Questions Class 11 Formation of a Company with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Formation of a Company with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Formation of a Company with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Formation of a Company with Answers. You can also verify your answers from the provided MCQ Class 11 Formation of a Company with Answers. So, ace up your preparation with MCQ of Class 11 Business Studies Examinations.
MCQ Questions Class 11 Formation of a Company with Answers - Set - 5
Question 1:Â
Statement in lieu of prospectus can be filed by
(a)Â Public company
(b)Â Private company
(c)Â Unregistered company
(d)Â None of the above
Correct Answer – (A)
Question 2:Â
Preliminary Contracts are
(a)Â binding on the Company
(b)Â binding on the Company, if ratified after incorporation
(c)Â binding on the Company, after incorporation
(d)Â not binding on the Company
Correct Answer – (D)
Question 3:Â
_________ capital means the sum mentioned in the capital clause of Memorandum of Association
(a) Full capital
(b) Maximum capital
(c) share capital
(d) Nominal Capital
Correct Answer – (D)
Question 4:Â
A Government Company means any company in which not less than 51% of the paid-up share capital is held by
(a) Central Government
(b) State government
(c) Both a & b
(d) Neither a nor b
Correct Answer – (C)
Question 5:Â
When the registered office of a company is changed within a city then it has to be intimated to the registrar within ________ days of such change
(a) 60
(b) 45
(c) 30
(d) 7
Correct Answer – (C)
MCQ Questions Class 11 Formation of a Company With Answers
Question 6:Â
For example Par value is Rs10 and it is issued at Rs15 then Rs5 is the ___________ amount
(a) Profit
(b) Market value
(c) dividend
(d) premium
Correct Answer – (D)
Question 7:Â
Powers, rights, remuneration, qualification and duties of directors are discussed clearly in
(a) Memorandum of Association
(b) Articles of Association
(c) Prospectus
(d) None of the above
Correct Answer – (B)
Question 8:Â
The certificate of capital will be issued by
(a) Registrar of Companies Act
(b) Controller of companies Act
(c) Registrar of capital issues
(d) Controller of capital issues
Correct Answer – (D)
Question 9:Â
Par value of shares means the __________ value of the shares
(a) Actual
(b) face
(c) Market
(d) dividend
Correct Answer – (B)
Question 10:Â
Stages in the formation of a public company are in the following order
(a)Â Promotion, Commencement of Business, Incorporation, Capital Subscription
(b)Â Incorporation, Capital Subscription. Commencement of Business, Promotion
(c)Â Promotion, Incorporation, Capital Subscription, Commencement of Business
(d)Â Capital Subscription, Promotion, Incorporation, Commencement of Business
