McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
__________ is a document showing title |
| A. | Share certificate |
| B. | Share warrant |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» C. Both (a) & (b) | |
| 102. |
A share certificate is required to be signed by ___________. |
| A. | managing director |
| B. | shareholders |
| C. | board of directors |
| D. | company secretary |
| Answer» D. company secretary | |
| 103. |
Which of the following can issue the share warrant |
| A. | Public |
| B. | Private |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» A. Public | |
| 104. |
_________ are attached to the share warrant |
| A. | Dividend coupon |
| B. | Warrant |
| C. | Certificates |
| D. | None of the above |
| Answer» A. Dividend coupon | |
| 105. |
C.G. approval is necessary in case of issue of __________ |
| A. | Share certificate |
| B. | Share warrant |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Share warrant | |
| 106. |
In case of __________ duplicate can be obtained if it lost |
| A. | Share warrant |
| B. | Share certificate |
| C. | Dividend coupon |
| D. | None of the above |
| Answer» B. Share certificate | |
| 107. |
Duplicate certificate obtained if original certificate lost in case of. |
| A. | Share Certificate |
| B. | Share warrant |
| C. | Dividend warrant |
| D. | None of these |
| Answer» A. Share Certificate | |
| 108. |
Transfer deed should in Form No. |
| A. | 6 B |
| B. | 5 B |
| C. | 7 B |
| D. | None of these |
| Answer» C. 7 B | |
| 109. |
_________ is voluntary passage of the rights and duties of member from a share holder. |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» A. Transfer | |
| 110. |
The person who transfer his rights and duties is called __________ |
| A. | Transferee |
| B. | Transferor |
| C. | Promisor |
| D. | Promisee |
| Answer» B. Transferor | |
| 111. |
The person to whom the rights and duties are endorsed is called _________ |
| A. | Transferee |
| B. | Transferor |
| C. | Endorser |
| D. | Endorsee |
| Answer» A. Transferee | |
| 112. |
_______ is an instrument of transfer signed by the transferor in which the name & date are not filled. |
| A. | Forged transfer |
| B. | Blank transfer |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Blank transfer | |
| 113. |
_______ transfer is null and void |
| A. | Forged |
| B. | Blank |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» A. Forged | |
| 114. |
If the ownership of shares goes to another by operation of law is called as _______ |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Transmission | |
| 115. |
Transfer is effected by _______ |
| A. | Sales |
| B. | Death |
| C. | Insolvency |
| D. | None of the above |
| Answer» A. Sales | |
| 116. |
Transmission is effected by ______ |
| A. | Sale |
| B. | Death |
| C. | Insolvency |
| D. | Both (b) & (c) |
| Answer» D. Both (b) & (c) | |
| 117. |
In which of the following stamp duty & consideration not necessary ________ |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Transmission | |
| 118. |
_______ gets all liabilities of original owner |
| A. | Transferor |
| B. | Transferee |
| C. | Endorser |
| D. | Endorsee |
| Answer» B. Transferee | |
| 119. |
A share warrant is transferable by _________ |
| A. | By Execution of transfer deed |
| B. | By delivery |
| C. | both a) and b) |
| D. | None of the above |
| Answer» B. By delivery | |
| 120. |
Company to accept calls in advance from shareholders they should have permission in |
| A. | MOA |
| B. | AOA |
| C. | BOD |
| D. | None of these |
| Answer» B. AOA | |
| 121. |
Forfeiture can be made only if it is authorized by ________ |
| A. | AOA |
| B. | MOA |
| C. | ROC |
| D. | C.G |
| Answer» B. MOA | |
| 122. |
Name of the member is struck off from the register in case of ________ |
| A. | Issue of share certificate |
| B. | Share warrant |
| C. | Forfeiture |
| D. | None of the above |
| Answer» B. Share warrant | |
| 123. |
_________Days be given for payment of call money from the date of service of notice |
| A. | 14 |
| B. | 13 |
| C. | 12 |
| D. | 11 |
| Answer» A. 14 | |
| 124. |
_________ arises in respect of debt due on shares as well as on other transactions. |
| A. | Forfeiture |
| B. | Lien |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Lien | |
| 125. |
Return of partly paid shares by the shareholders to the company is _______ |
| A. | Surrender |
| B. | Forfeiture |
| C. | Lien |
| D. | None of the above |
| Answer» A. Surrender | |
| 126. |
________ is a short cut to forfeiture |
| A. | Lien |
| B. | Surrender |
| C. | Right issue |
| D. | None of the above |
| Answer» B. Surrender | |
| 127. |
No consideration shall be paid by the company in exchange of __________ shares |
| A. | Lien |
| B. | Forfeited |
| C. | Surrender |
| D. | None of the above |
| Answer» C. Surrender | |
| 128. |
Interest out of capital can be paid only if it is sanctioned by____ |
| A. | MOA |
| B. | AOA |
| C. | NCLT |
| D. | C.G |
| Answer» B. AOA | |
| 129. |
What is the time limit for conducting statutory meeting? |
| A. | 1 to 5 months |
| B. | 1 to 6 months |
| C. | 1 to 9 months |
| D. | None of these |
| Answer» B. 1 to 6 months | |
| 130. |
Notice of statutory meeting should be given with a period not less than |
| A. | 21 clear days |
| B. | 14 clear days |
| C. | 7 clear days |
| D. | None of these |
| Answer» A. 21 clear days | |
| 131. |
Notice of statutory meeting should be attested by at least. |
| A. | 3 directors |
| B. | 2 directors |
| C. | 3 directors |
| D. | None of these |
| Answer» B. 2 directors | |
| 132. |
The time gap between two AGM’s shall not exceed. |
| A. | 15 months |
| B. | 18 months |
| C. | 16 months |
| D. | None of these |
| Answer» A. 15 months | |
| 133. |
First AGM must be held within __________ from the incorporation of the company |
| A. | 15 months |
| B. | 18 months |
| C. | 12 months |
| D. | None of these |
| Answer» B. 18 months | |
| 134. |
Every AGM must be held with ___________ from the date of the Balance Sheet. |
| A. | 4 months |
| B. | 6 months |
| C. | 9 months |
| D. | None of these |
| Answer» C. 9 months | |
| 135. |
First AGM must be held within ____________ from the date of the balance sheet |
| A. | 6months |
| B. | 9months |
| C. | 5months |
| D. | None of these |
| Answer» B. 9months | |
| 136. |
AGM should be held at |
| A. | Company |
| B. | Registered office |
| C. | Corporate office |
| D. | None of these |
| Answer» B. Registered office | |
| 137. |
Failure to convene AGM u/s 166 penalty will be |
| A. | 50,000+250 per every day |
| B. | 75,000+250 per every day |
| C. | 1,00,000+250 per every day |
| D. | 25,000+250 per every day |
| Answer» A. 50,000+250 per every day | |
| 138. |
In case of Public Company the quorum should be |
| A. | 5 members |
| B. | 7 members |
| C. | 2 members |
| D. | None of these |
| Answer» A. 5 members | |
| 139. |
In case of private company the quorum should be |
| A. | 2 members |
| B. | 3 members |
| C. | 4 members |
| D. | None of these |
| Answer» A. 2 members | |
| 140. |
_______ meeting given an opportunity to the member to know discuss on promotion & formation of the company. |
| A. | General |
| B. | EGM |
| C. | Statutory |
| D. | None of the above |
| Answer» C. Statutory | |
| 141. |
_________ report is send by the directors to its members. |
| A. | Statutory |
| B. | Audit |
| C. | Annual |
| D. | None of the above |
| Answer» C. Annual | |
| 142. |
In the given below who are not required to hold Statutory General Meeting |
| A. | Private company |
| B. | Government Company |
| C. | Public company |
| D. | Both (a) & (b) |
| Answer» D. Both (a) & (b) | |
| 143. |
In case of Statutory General Meeting receipts & payments are prepared up to _______ days before the date of report |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 9 |
| Answer» C. 7 | |
| 144. |
Who should certify that company allotted the shares and cash received in respect there of ______ |
| A. | Auditor |
| B. | Director |
| C. | Share holder |
| D. | Members |
| Answer» A. Auditor | |
| 145. |
In the given below who are required to hold A.G.M _______ |
| A. | Public company |
| B. | Private company |
| C. | Government company |
| D. | All the three |
| Answer» A. Public company | |
| 146. |
The time period for conduction of AGM is extended by ROC for how many months |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 147. |
_________ opined that ROC could grant extension only when application for extension is made before the expiry of period u/s 166 (1) |
| A. | DCA |
| B. | NCLT |
| C. | Govt |
| D. | Both (b) & (c) |
| Answer» A. DCA | |
| 148. |
Which of the following company can held the AGM on public holiday__________ |
| A. | Public company |
| B. | Private company |
| C. | Govt. company |
| D. | Association not for profits |
| Answer» D. Association not for profits | |
| 149. |
_______ may grant exemption to any class of companies with regard to the time & place of AGM. |
| A. | C.G |
| B. | ROC |
| C. | NCLT |
| D. | D.C.A |
| Answer» A. C.G | |
| 150. |
In case of failure to convene the AGM fine is upto Rs._________ |
| A. | 25,000 |
| B. | 50,000 |
| C. | 75,000 |
| D. | 80,000 |
| Answer» B. 50,000 | |
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