ISSUE OF SHARES

Shareholders are :

• Customers of the Company

• Owners of the Company

• Creditors of the Company

• None of these

Who are the real owners of a company?

• Government

• Board of Directors

• Equity shareholders

• Preference sharejolders

The capital of a company is divided into units which are called :

• Debenture

• Share

• Stock

• Bond

Shareholders receive from the company :

• Interest

• Profit

• Commission

• Dividend

To whom the dividend is given at a fixed rate in a company?

• To equity shareholders

• To preference shareholders

• To debenture holders

• To promoters

Preference shareholders have

• Preferential right as to dividend only

• Preferential right in the management

• Preferential right as to repayment of capital at the time of liquidation of the company

• Preferential right as to dividend and repayment of capital at the time of liquidation of the Company

The shares on which there is no pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such shares are called :

• Equity Share

• Non-cumulative preference share

• Non-convertible preference share

• Non-participating preference share

Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :

• Cumulative Preference Share

• Non-cumulative Preference Share

• Convertible Preference Share

• Non-convertible Preference Share

A preference share that does not carry the right of sharing in surplus profits is called ……………

• Non-Cumulative Preference Share

• Non-participating Preference Share

• Irredeemable Preference Share

• Non-convertible Preference Share

Which shareholders have a right to receive the arrears of dividend from future profits :

• Redeemable Preference Shares

• Participating Preference Shares

• Convertible Preference Shares

• Cumulative Preference Shares