Business studies Class XI Quiz-6

Stages in the formation of a company are in the following order:

• Promotion, Incorporation, Capital subscription

• Incorporation, Capital subscription, Promotion

• Promotion, Incorporation, Capital subscription

• Capital Subscription, Promotion ,Incorporation

Minimum number of members to form a Private Company is:

• 2

• 3

• 5

• 7

One among the following is not a feature of a Co-operative society:

• Huge Financial Resources

• Limited Liability

• Compulsory Registration

• Voluntary Membership

Government Company is any company in which the Paid-up Capital held by the government is not less than:

• 49%

• 51%

• 50%

• 25%

Disinvestments of PSE's implies:

• Sale of equity shares to private sector

• Closing down

• Buying shares of PSE's

• Investing in new areas

Which of the following is not a function of Insurance?

• Risk sharing

• Assist in Capital Formation

• Lending of funds

• None of the above

Overdraft facility is available only on:

• Current Account Deposits

• Savings Account Deposits

• Recurring Deposits

• Fixed Deposits

Equity Shareholders are called:

• Owners of the Company

• Partners of the Company

• Executors of the Company

• Guardian of the Company

ADRs are issued in:

• Canada

• China

• India

• USA

________ are also known as Rural industries orTraditional industries

• Food industry

• Cottage Industries

• None of these

• Agricultural industry