CBSE Class 11 Sources of Business Finance Multiple Choice Questions with Answers. MCQ Questions Class 11 Sources of Business Finance with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Sources of Business Finance with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Sources of Business Finance with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Sources of Business Finance with Answers. You can also verify your answers from the provided MCQ Class 11 Sources of Business Finance with Answers. So, ace up your preparation with MCQ of Class 11 Business Studies Examinations.
MCQ Questions Class 11 Sources of Business Finance with Answers - Set - 1
Question 1:Â
Under the lease agreement, the lessee gets the right to
(a) Share profits earned by the lessor
(b) Participate in the management of the organization
(c) Use the asset for a specified period
(d) Sell the assets
Correct Answer – (C)
Question 2:Â
Internal sources of capital are those that are
(a) generated through outsiders such as suppliers
(b) generated through loans from commercial banks
(c) generated through issue of shares
(d) generated within the business
Correct Answer – (D)
Question 3:Â
Proposed name of the company is declared void if:
(a) Is resembling to any existing company name
(b) Is resembling to any existing company logo
(c) Is resembling to any symbol of Indian Government or UNO
(d) None of these.
Correct Answer – (D)
Question 4:Â
Signatures are done on primary documents before incorporation:
(a) Before incorporation
(b) After incorporation but before capital subscription
(c) After incorporation but before commencement of the business
(d) After commencement of the business.
Correct Answer – (C)
Question 5:Â
For the approval of name of the company is applied to :
(a) SEBI
(b) Registrar of company
(c) Indian Government
(d) Concerning state government where company is to be registered.
Correct Answer – (B)
MCQ Questions Class 11 Sources of Business Finance With Answers
Question 6:Â
Under the factoring arrangement, the factor
(a) Produces and distributes the goods or services
(b) Makes the payment on behalf of the client
(c) Collects the client’s debt or account receivables
(d) Transfer the goods from one place to another
Correct Answer – (C)
Question 7:Â
Chronological order of formation of a public company :
(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 – (B)
Question 8:Â
Minimum number of members required for making public company:
(a) 5
(b) 7
(c) 12
(d) 21
Correct Answer – (B)
Question 9:Â
Prospectus is issued by:
(a) Private company
(b) Public company seeking investment from public
(c) Public corporations
(d) All public companies.
Correct Answer – (D)
Question 10:Â
Minimum number of members required for making private company :
(a) 2
(b) 3
(c) 5
(d) 7
