A Company may issue ...................

Equity and Preference both shares

Preference shareholders have

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

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

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

Non-cumulative preference share

Non-convertible preference share

Non-guaranteed 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 :

Non-cumulative Preference Share

Non-convertible Preference Share

A preference share which does not carry the right of sharing in surplus profits is called ...............

Non-participating Preference Share

Non-Cumulative Preference Share

Non-convertible Preference Share

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

Participating Preference Shares

Non-Cumulative Preference Shares

Which shareholders are returned their capital after some specified time :

Participating Preference Shares

The following statements apply to equity/preference shareholders. Which one of them applies only to preference shareholders?

Dividends are usually given at a set amount in every’ financial year.

Shareholders risk the loss of investment

Shareholders bear the risk of no dividends in the event of losses

Shareholders usually have the right to vote

Unless otherwise stated, a preference share is always deemed to be :

Cumulative, non-participating and non-convertible

Cumulative, participating and non-convertible

Non-cumulative, non-participating and non-convertible

Non-cumulative, participating and non-convertible

Nominal Share Capital is

the maximum amount of share capital which a company is authorised to issue

that part of authorised capital which is issued by the company

the amount of capital which is actually applied by the prospective shareholders

the amount of capital which is actually paid by the shareholders

is transferred to Capital Reserve.

Profit from sale of fixed assets

Part of the uncalled capital which may be called only at the time of liquidation of the Company

Reserve Capital is a part of:

Capital to be called up only on liquidation of company

Which of the following statements is true? (C.S. Foundation, Dec. 2012)

Authorised Capital = Issued Capital

Authorised Capital > Issued Capital

Paid up Capital > Issued Capital

Which of the following statements is true? (C.S. Foundation, Dec. 2012)

Authorised Capital > Issued Capital

Authorised Capital = Issued Capital

Paid up Capital > Issued Capital

Authorised Capital of a Company is mentioned in :

Statement in lieu of Prospectus

In case of private placement of shares and company does not invite the general public for subscription of shares in that case, company instead of issuing prospectus :

Prepares the statement in lieu of prospectus

Prepares the Asset side of Balance Sheet

In case of private placement of shares, to raise the amount of capital a company :

invites the public through prospectus

invites the public through advertisement

invites the public through memorandum of association

A Company may issue the shares :

By Public Subscription of Shares

For Consideration other than cash

4,000 Equity Shares of ₹10 each were issued at 8% premium to the promoters of a company for their services. Which account will be debited?

Goodwill Account/Incorporation Cost Account

Securities Premium Reserve Account

If vendors are issued fully paid shares of ₹1,25,000 in consideration of net assets of ?1,50,000, the balance of ₹25,000 will be credited to :

Security Premium Reserve Account

Quiz on Company Shares and Capital

Authored by SATHEESH BALAKRISHNAN

Business

12th Grade

65 Questions

Used 2+ times

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company has ...............

Separate Legal Entity

Perpetual Existence

Limited Liability

All of the Above

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shareholders are :

Customers of the Company

Owners of the Company

Creditors of the Company

None of these

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the real owners of a company?

Government

Board of Directors

Equity shareholders

Debentureholders

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Company is created by :

Special act of the Parliament

Companies Act

Investors

Members

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An artificial person created by Law is called :

Sole Tradership

Partnership Firm

Company

All of the Above

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The liability of members in a Company is :

Limited

Unlimited

Stable

Fluctuating

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liability of a shareholder is limited to ..................... of the shares allotted to him :

Paid up Value

Called up value

Face value

Reserve Price

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Quiz on Company Shares and Capital

A company has ...............

Shareholders are :

Who are the real owners of a company?

A Company is created by :

An artificial person created by Law is called :

The liability of members in a Company is :

Liability of a shareholder is limited to ..................... of the shares allotted to him :

Maximum number of members in a private company is :

Capital of a Company is divided in units which is called :

Shareholders receive from the company :

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