Quiz  /  Joint Stock Company Gate & PSU MCQ Questions With Answers

  • 1. 
    Common Seal is described in

  • AoA
  • MoA
  • Prospectus
  • Declaration

  • 2. 
    Authorized Capital is mentioned in

  • MoA
  • AoA
  • Prospectus

  • 3. 
    Prospectus needs to be issued by

  • Public Company
  • Private Company
  • Government Company

  • 4. 
    Name can be changed by

  • Ordinary resolution
  • Special resolution
  • Directors resolution

  • 5. 
    Table A of Schedule I for AoA can be adopted by

  • Public Company
  • Private Company
  • Government Company

  • 6. 
    Transferability of shares is possible only in

  • Public Limted Company
  • Private Limited Company
  • Government Company
  • Small Company

  • 7. 
    Which company needs to list its shares in stock exchanges

  • Public company
  • Private company
  • Government company
  • International company

  • 8. 
    Which of the following is an Artificial Person

  • Company
  • Firm
  • Human
  • HUF

  • 9. 
    Benefit of producing in large quantities is all about

  • economies of scale
  • dis economies of scale
  • benefit of high GDP
  • economic environment

  • 10. 
    Perpetual existence is a feature of

  • Joint Stock Company
  • Partnership
  • Sole Proprietor
  • HUF

  • 11. 
    Registration - Prospectus - Commencement of Business. This sequence applicable to

  • Public Company
  • Private Company
  • Company limited by Guarantee

  • 12. 
    Rules and regulations for internal Management are given in

  • AoA
  • MoA
  • Prospectus
  • Government rules

  • 13. 
    Joint Stock Company is basically

  • Association of Persons
  • Partnership
  • Group of Companies
  • Parent Company

  • 14. 
    MoA includes

  • Main Objects
  • Other Objects
  • Both

  • 15. 
    1st step in Company registration

  • Name reservation
  • MoA and AoA filing
  • Declarations

  • 16. 
    Continuity of the company changes with

  • the changes in shareholders
  • the changes in government rules
  • no change with changes in shareholders
  • economic environment

  • 17. 
    Objects clause mentioned in

  • MoA
  • AoA
  • Prospectus
  • Master Document

  • 18. 
    Company affairs are undertaken by

  • Management
  • Shareholders
  • Accountant
  • Customers

  • 19. 
    Liability in a company is normally limited by

  • Shares or Guarantee
  • Shares
  • Guarantee
  • No limited liability
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