Worksheets11th COMMERCE FORMATIVE TEST 2
Total questions: 20
Worksheet time: 10mins
The minimum number of directors in a public company
2
3
10
15
Which company should not transfer shares?
Private company
Public Company
Government company
Domestic company
Reserve Bank of India, Life insurance Corporation are examples of ....
Statutory Company
Government Company
Foreign Company
Chartered Company
Which of the following are the feature of the private co.
Restriction on transfer of shares
Limitation on membership
Prohibition on inviting public to subscribe for securities
All of the above
Subsidiary co. means a company in which the holding co.
Controls the composition of Board of Directors
Control more than 50% of total share capital
All of the above
Maximum number of partners in case of other than banking business are
10
20
200
unlimited
When a business has registeres as a company:
The owners are legally separate from the business, so they are no longer liable for debts.
The owners aren't legally separate from the business, so they are liable for debts.
Select the options which are the forms of Public Sector Enterprises.
Non Profit Organisations
Government Companies
Public Companies
Co-operative Societies
Departmental Undertakings
The departmental undertaking is under the overall and ultimate control of a __________
Board of Directors
Managers
Minister
Parliament
Employees of Departmental undertakings are
Not government officials
Government Officials
Private Employees
Personal Employees
What is the meaning of the public utilities?
facilities which people use and benefit from
private homes that people live in
Trees and flower that we could look at
Which of the following is NOT true of a public corporation?
the directors run their business according to their wishes
their main objective is not profit
they provide service to the people free or at low cost
They are mostly nationalized industries
All of the following are advantages of public corporations, except:
they attempt to avoid job losses
they aim to maximise profits
they provide important public services
they are important for some strategic industries
Morals and behavior in business situations
Business responsibility
Business values
Business morals
Business ethics
A clash between a person's private interests and his or her responsibilities in a position of trust.
Battle of interest
clash of interest
conflict of interest
struggle of interest
The day-to-day activities for continued business functioning.
Operations
Customer Relations
Finance
Human Resources Management
