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Homework quiz

Total questions: 25

Worksheet time: 1hrs 20mins

Name
Class
Date
1.

Differentiate oppression and mismanagement

4 lines
2.

List four different types of director that a company can have

4 lines
3.

List the time within which the first AGM has to be held and the time interval

4 lines
4.

Bring out the difference between equity share and preference share

4 lines
5.

The companies which are established by king and queen is known as

a)

Statutory companies

b)

Chartered companies

c)

Registered companies

d)

Government companies

6.

Which company should not transfer shares?

a)

Private company

b)

Public Company

c)

Government company

d)

Domestic company

7.

Reserve Bank of India, Life insurance Corporation are examples of ....

a)

Statutory Company

b)

Government Company

c)

Foreign Company

d)

Chartered Company

8.

A limited company may either be the followings, EXCEPT;

a)

Company limited by shares

b)

Company limited by guarantee

c)

Unlimited company

d)

Company limited by both shares and guarantee.

9.

"the liability of its members is limited to such amount as the members undertake to contribute in the event of its being wound up".

This types of a company is known as ......

a)

unlimited company

b)

company limited by shares

c)

company limited by guarantee

10.

The public company shall invite the public to deposit money with the company for fixed periods or payable at call.

a)

True

b)

False

11.

In which kind of companies should a women director be appointed?

4 lines
12.

All shareholders need not be members comment

4 lines
13.

Explain the doctrine of constructive notice.

4 lines
14.

State a consequence of not holding an annual general meeting

4 lines
15.

In the case of a company is limited by shares, the liability of its members is limited to ____________________.

a)

the amount of each members' contribution towards the assets of the company.

b)

the unpaid amount of shares they hold

c)

the entire liability of the company

d)

All of the above

16.

In the case of a company is limited by guarantee, the liability of its members is limited to ____________________.

a)

the amount of each members' contribution towards the assets of the company.

b)

the unpaid amount of shares they hold

c)

the entire liability of the company

d)

All of the above

17.

Which of the following details is not included in the Memorandum of a company?

a)

Registered office address

b)

Objects of the company

c)

Liability of various members of the company

d)

Shares of the shareholders

18.

According to the Indian Companies Act, 2013, there should be at least a minimum of 1 female director on the company's board.

a)

The statement is true

b)

The statement is false

c)

The statement is not mandatory

d)

Cannot determine

19.

According to the Indian Companies Act, 2013, the companies are required to specify the amount of incentives or activities that reflect CSR on an annual basis.

a)

The statement is true

b)

The statement is false

c)

The statement is not mandatory

d)

Cannot determine

20.

Shareholders are

a)

Customers of the company

b)

Owners of the company

c)

Creditors of the company

d)

None of these

21.

Who are the real owners of the company

a)

Government

b)

Board of directors

c)

Equity shareholders

d)

Debenture holders

22.

Shareholders receive from the company

a)

Interest

b)

Commission

c)

Dividend

d)

Salary

23.

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

a)

To Equity shareholder

b)

To Preference shareholder

c)

To Debenture Holder

d)

To Promoter

24.

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

a)

Redeemable Preference Shares

b)

Participating Preference Shares

c)

Cumulative Preference Shares

d)

Non-Cumulative Preference Shares

25.

The relationship of the promoter to the company

a)

Agent

b)

Trustee

c)

Fiduciary

d)

Officer