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Business
11th
grade
cbse business studies quiz from lesson 7
12 questions
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- 1. Multiple Choice
Formation of company order of three stages one by one
Promotion; Incorporation and Subscription of capital.
Promotion; Subscription of capital and Incorporation
Subscription of capital, Promotion; and Incorporation
- 2. Multiple Choice
Who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92
Promoter
Lender
Government employee
- 3. Multiple Choice
Which one is not a Feasibility studies for formation of company
Technical feasibility
Financial feasibility
Economic feasibility
Time feasibility
- 4. Multiple Choice
The proposed name may be approved if it is not considered ____________________
desirable
undesirable
Favorable
- 5. Multiple Choice
Usually the people signing memorandum are also the first -____________ of the Company
Auditors
Secretary
Directors
Collectors
- 6. Multiple Choice
Which one is not a necessary document to be submitted under the la to the Registrar of the companies to form a company?
Memorandum of Association,
Articles of Association
Consent of Directors
Prospectus
- 7. Multiple Choice
“memorandum” means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act.
As per section 2(56) of The Companies Act, 2021
As per section 2(56) of The Companies Act, 2013
As per section 56 of The Companies Act, 2013
As per section 12(56) of The Companies Act, 2013
- 8. Multiple Choice
Which one is not a clause of Memorandum of Association
The name clause
Registered Office Clause
Objects clause
Regulation clause
- 9. Multiple Choice
_____________are the rules regarding internal management of a company.
Memorandum of Association
Articles of Association
Prospectus
consent of Directors
- 10. Multiple Choice
_________ ‘articles’ means the article of association of a company as originally framed or as altered from time to time or applied
According to section 2(15) of The Companies Act, 2013,
According to section 2(5) of The Companies Act, 2013,
According to section 2(5) of The Companies Act, 2020
According to section 2(56) of The Companies Act, 2013,
- 11. Multiple Choice
Apart from___________________ a written consent of each person named as a director is required confirming that they agree to act in that capacity and undertake to buy and pay for qualification shares,
Prospectus and Articles of association
Articles of Association,
the Memorandum and Articles of Association,
- 12. Multiple Choice
To ensure that the directors have some stake in the proposed company, the Articles usually have a provision requiring them to buy a certain number of shares.
Qualification Shares
Unqualified Shares
Preference Shares
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