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 - 1
Question 1:Â
Par value of shares means the __________ value of the shares
(a) Actual
(b) face
(c) Market
(d) dividend
Correct Answer – (B)
Question 2:Â
__________ means the total amount of called up capital on the shares issued and subscribed by the shareholders on capital account.
(a) Called-up capital
(b) subscribed capital
(c) nominal capital
(d) Paid-up capital
Correct Answer – (A)
Question 3:Â
A person cannot hold directorship in more than _____________ public companies
(a) 3
(b) 10
(c) 20
(d) 7
Correct Answer – (C)
Question 4:Â
Minimum number of members to form a public company is
(a) 5
(b) 7
(c) 12
(d) 21
Correct Answer – (B)
Question 5:Â
Stages in the formation of a public company are in the following order
(a) Promotion, Commencement of Business, Incorporation, Capital Subscription
(b) Incorporation, Capital Subscription. Commencement of Business, Promotion
(c) Promotion, Incorporation, Capital Subscription, Commencement of Business
(d) Capital Subscription, Promotion, Incorporation, Commencement of Business
Correct Answer – (C)
MCQ Questions Class 11 Formation of a Company With Answers
Question 6:Â
_____________ share capital has priority both in repayment of dividend as well as capital.
(a) Equity
(b) non preference
(c) Preference
(d) all of the above
Correct Answer – (C)
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 company needs to obtain prior permission from central government when it changes the address of its registered office from
(a) one city to another city
(b) with in the same city
(c) one state to another
(d) one country to another country
Correct Answer – (C)
Question 9:Â
A proposed name of Company is considered undesirable if
(a) It is identical with the name of an existing company
(b) It resembles closely with the name of an existing company
(c) It is an emblem of Government of India, United Nations etc.
(d) In case of any of the above
Correct Answer – (D)
Question 10:Â
Preliminary Contracts are
(a) binding on the Company
(b) binding on the Company, if ratified after incorporation
(c) binding on the Company, after incorporation
(d) not binding on the Company
