Minimum number of members in case of public company is---------. A. 4 B. 5 C. 6 D. 7

Minimum number of members in case of public company is---------.
A. 4
B. 5
C. 6
D. 7
by

1 Answer

Answer :

D. 7
by

Related questions

Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited

Description : Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited

Last Answer : D. unlimited

In case of public limited company, after getting the-----------the company can start the business A. Memorandum of Association B. Table A C. Certificate of commencement of business D. Articles of Association

Description : In case of public limited company, after getting the-----------the company can start the business A. Memorandum of Association B. Table A C. Certificate of commencement of business D. Articles of Association

Last Answer : C. Certificate of commencement of business

If the minimum subscription is not received by the company, then the refund of application money should be made within ----------days. A. 7 B. 9 C. 10 D. 22

Description : If the minimum subscription is not received by the company, then the refund of application money should be made within ----------days. A. 7 B. 9 C. 10 D. 22

Last Answer : C. 10

Share holder are____________ A. Creditor Of Company B. Debtor of Company C. Owner of Company D. Members of Company

Description : Share holder are____________ A. Creditor Of Company B. Debtor of Company C. Owner of Company D. Members of Company

Last Answer : C. Owner of Company

Debenture holder are____________ A. Creditor Of Company B. Debtor of Company C. Owner of Company D. Members of Company

Description : Debenture holder are____________ A. Creditor Of Company B. Debtor of Company C. Owner of Company D. Members of Company

Last Answer : A. Creditor Of Company

fter getting minimum subscription of shares, the company has to allot shares with in--------- ------days. A. 90 B. 100 C. 110 D. 120

Description : fter getting minimum subscription of shares, the company has to allot shares with in--------- ------days. A. 90 B. 100 C. 110 D. 120

Last Answer : D. 120

X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation

Description : X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation

Last Answer : A. Absorption

X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.

Description : X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.

Last Answer : B. External reconstruction

A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of A. Absorption B. External reconstruction C. Amalgamation. D. commencement

Description : A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of A. Absorption B. External reconstruction C. Amalgamation. D. commencement

Last Answer : C. Amalgamation.

In case of a limited company, the term financial statements includes A. Profit and loss and balance sheet B. Profit and loss account, profit and loss appropriation account and balance sheet C. Balance sheet D. None of the above

Description : In case of a limited company, the term financial statements includes A. Profit and loss and balance sheet B. Profit and loss account, profit and loss appropriation account and balance sheet C. Balance sheet D. None of the above

Last Answer : B. Profit and loss account, profit and loss appropriation account and balance sheet C

In case of .............., one existing company takes over the business of another company and no new company is formed. (A)Amalgamation (B)Absorption (C)Reconstruction (D) None of the Above

Description : In case of .............., one existing company takes over the business of another company and no new company is formed. (A)Amalgamation (B)Absorption (C)Reconstruction (D) None of the Above

Last Answer : B)Absorption

What is the quorum of general meetings in the case of private limited company and public limited company ? (A) 2 members and 5 members respectively (B) 3 members and 5 members respectively (C) 5 members in each type of company (D) 5 members and 7 members respectively

Description : What is the quorum of general meetings in the case of private limited company and public limited company ? (A) 2 members and 5 members respectively (B) 3 members and 5 members respectively (C) 5 members in each type of company (D) 5 members and 7 members respectively

Last Answer : Answer: 2 members and 5 members respectively

The original ASCII code used…bits of each byte, reserving that last bit for error checking a. 5 b. 6 c. 7 d. 8

Description : The original ASCII code used…bits of each byte, reserving that last bit for error checking a. 5 b. 6 c. 7 d. 8

Last Answer : c. 7

As per SEBI Guideline minimum Application money shall not be less than A. 25% of Issue price B. 10% of Issue price C. 20% of Issue price D. 6% of Issue price

Description : As per SEBI Guideline minimum Application money shall not be less than A. 25% of Issue price B. 10% of Issue price C. 20% of Issue price D. 6% of Issue price

Last Answer : A. 25% of Issue price

The minimum share Application money is -----------. A. 5% of the face value of shares B. 10% of the issue price of shares C. Re. 1 per share D. 15% of the face value of shares

Description : The minimum share Application money is -----------. A. 5% of the face value of shares B. 10% of the issue price of shares C. Re. 1 per share D. 15% of the face value of shares

Last Answer : A. 5% of the face value of shares

Why the public sector took over a number of sick units from the private sector? A. due to the social obligations of protecting employment B. due to low manufacturing C. due to the deficiency of managerial planning D. none of these

Description : Why the public sector took over a number of sick units from the private sector? A. due to the social obligations of protecting employment B. due to low manufacturing C. due to the deficiency of managerial planning D. none of these

Last Answer : A. due to the social obligations of protecting employment

What is the minimum number of members in a public company?

Description : What is the minimum number of members in a public company?

Last Answer : Seven

Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are true and R is the correct explanation of A B. Both A and R are true but R is not a correct explanation of A C. A is true but R is false D. A is false but R is true

Description : Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are ... correct explanation of A C. A is true but R is false D. A is false but R is true

Last Answer : D. A is false but R is true

Most important advantage of an IC is its a. Easy replacement in case of circuit failure b. Extremely high reliability c. Reduced cost d. Low powers consumption

Description : Most important advantage of an IC is its a. Easy replacement in case of circuit failure b. Extremely high reliability c. Reduced cost d. Low powers consumption

Last Answer : b. Extremely high reliability

ASCII stands for a. American Stable Code for International Interchange b. American Standard Case for Institutional Interchange c. American Standard Code for Information Interchange d. American Standard Code for Interchange Information

Description : ASCII stands for a. American Stable Code for International Interchange b. American Standard Case for Institutional Interchange c. American Standard Code for Information Interchange d. American Standard Code for Interchange Information

Last Answer : c. American Standard Code for Information Interchange

EBCDIC stands for a. Extended Binary Coded Decimal Interchange Code b. Extended Bit Code Decimal Interchange Code c. Extended Bit Case Decimal Interchange Code d. Extended Binary Case Decimal Interchange Code

Description : EBCDIC stands for a. Extended Binary Coded Decimal Interchange Code b. Extended Bit Code Decimal Interchange Code c. Extended Bit Case Decimal Interchange Code d. Extended Binary Case Decimal Interchange Code

Last Answer : a. Extended Binary Coded Decimal Interchange Code

If the amount claimed by consumer is Rs. 89 Lacs, the case under the consumer protection act shall be filed with A. District Consumer Redressal forum B. State consumer Dispute Redressal Commission C. National consumer Dispute Redressal Commission D. Supreme court

Description : If the amount claimed by consumer is Rs. 89 Lacs, the case under the consumer protection act shall be filed with A. District Consumer Redressal forum B. State consumer Dispute Redressal Commission C. National consumer Dispute Redressal Commission D. Supreme court

Last Answer : B. State consumer Dispute Redressal Commission

To issue shares on Discount mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Description : To issue shares on Discount mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : C. Issue on less than face value of shares

To issue shares on Par mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Description : To issue shares on Par mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : A. Issue on face value of shares

To issue shares on premium mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Description : To issue shares on premium mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : B. Issue on more than face value of shares

In which type of industries the public sector units play a dominant role? A. petro chemical B. fertilizers C. steel industries D. all of the above

Description : In which type of industries the public sector units play a dominant role? A. petro chemical B. fertilizers C. steel industries D. all of the above

Last Answer : D. all of the above

One of the criticism levelled against the development strategy in India is that ............ .should have been given greater importance than industry. A. agricultural sector B. private sector C. public sector D. hilly sector

Description : One of the criticism levelled against the development strategy in India is that ............ .should have been given greater importance than industry. A. agricultural sector B. private sector C. public sector D. hilly sector

Last Answer : A. agricultural sector

Choose the correct statement: A. the public sector would play useful in augmenting basic resources of country like land, forest, water B. the public sector will have responsibility for meeting social need C. public sector would not playa useful role in population controls D. only (A) and (B

Description : Choose the correct statement: A. the public sector would play useful in augmenting basic resources of country like land, forest, water B. the public sector will have responsibility for meeting social need C. public sector would not playa useful role in population controls D. only (A) and (B

Last Answer : D. only (A) and (B

Competitors, Customers and Public are part of A. macro environment B. micro environment C. business necessities D. none of these

Description : Competitors, Customers and Public are part of A. macro environment B. micro environment C. business necessities D. none of these

Last Answer : B. micro environment

As per Industrial Policy resolution 1956, reserved industries for public sector are A. 12 B. 14 C. 16 D. 17

Description : As per Industrial Policy resolution 1956, reserved industries for public sector are A. 12 B. 14 C. 16 D. 17

Last Answer : D. 17

A possible obstacle to growth of privatisation is A. Profit earned by public enterprises B. Sale of least profitable enterprises C. Licensing D. All of these

Description : A possible obstacle to growth of privatisation is A. Profit earned by public enterprises B. Sale of least profitable enterprises C. Licensing D. All of these

Last Answer : B. Sale of least profitable enterprises

A monopolistic trade practice is deemed to be prejudicial to public interest except when A. Authorized by Central Government B. Authorized by State Government C. Authorized by Supreme Court D. None of the above

Description : A monopolistic trade practice is deemed to be prejudicial to public interest except when A. Authorized by Central Government B. Authorized by State Government C. Authorized by Supreme Court D. None of the above

Last Answer : B. Authorized by State Government

What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above

Description : What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above

Last Answer : D. All of the above

Maximum number of members in case of public company is: A. 50 B. 100 C. 150 D. 200

Description : Maximum number of members in case of public company is: A. 50 B. 100 C. 150 D. 200

Last Answer : D. 200

Which American Computer Company is called big blue? a. Microsoft b. Compaq Corp c. IBM d. Tandy Sevenson

Description : Which American Computer Company is called big blue? a. Microsoft b. Compaq Corp c. IBM d. Tandy Sevenson

Last Answer : c. IBM

Which company is the biggest player in the microprocessor industry? a. Motorola b. IBM c. Intel d. AMD

Description : Which company is the biggest player in the microprocessor industry? a. Motorola b. IBM c. Intel d. AMD

Last Answer : c. Inteld. AMD

A newly established company cannot be successful in obtaining finance by way of A. issue of equity capital B. issue of preference share C. issue of debenture D. None of the above

Description : A newly established company cannot be successful in obtaining finance by way of A. issue of equity capital B. issue of preference share C. issue of debenture D. None of the above

Last Answer : C. issue of debenture

The vendor company transfers preliminary expenses (at the time of absorption) to: A. Purchasing Company account B. Realisation account C. Purchasing company's account. D. Equity shareholders' account

Description : The vendor company transfers preliminary expenses (at the time of absorption) to: A. Purchasing Company account B. Realisation account C. Purchasing company's account. D. Equity shareholders' account

Last Answer : D. Equity shareholders' account

For paying liabilities not taken over by the purchasing company, the vendor company credits: A. Realisation account B. Bank account C. Liabilities account. D. purchasing company account

Description : For paying liabilities not taken over by the purchasing company, the vendor company credits: A. Realisation account B. Bank account C. Liabilities account. D. purchasing company account

Last Answer : B. Bank account

When the expenses of liquidation are to be borne by the vendor company, then the vendor company debits: A. Realisation account B. Bank account C. Goodwill account. D. Purchasing company account

Description : When the expenses of liquidation are to be borne by the vendor company, then the vendor company debits: A. Realisation account B. Bank account C. Goodwill account. D. Purchasing company account

Last Answer : A. Realisation account

Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning

Description : Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning

Last Answer : B. Pension fund

The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to: A. Share capital account B. Purchasing company's account C. Realisation account. D. Business purchase account

Description : The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to: A. Share capital account B. Purchasing company's account C. Realisation account. D. Business purchase account

Last Answer : C. Realisation account.

When the purchasing company makes payment of the purchase consideration, it debits: A. Business purchase account B. Assets account C. Vendor company's account. D. Realisation A/c

Description : When the purchasing company makes payment of the purchase consideration, it debits: A. Business purchase account B. Assets account C. Vendor company's account. D. Realisation A/c

Last Answer : C. Vendor company's account.

When the expenses of liquidation are to be borne by the purchasing company, then the purchasing company debits: A. Vendor company's account B. Bank account C. Goodwill account. D. Realisation A/c

Description : When the expenses of liquidation are to be borne by the purchasing company, then the purchasing company debits: A. Vendor company's account B. Bank account C. Goodwill account. D. Realisation A/c

Last Answer : C. Goodwill account.

AS – 14 is not applicable if when Transferee Company acquires Transferor Company and Transferor Company: A. Ceases to exist B. Separate entity is Continue to exist C. Applied in all cases D. None of the above

Description : AS – 14 is not applicable if when Transferee Company acquires Transferor Company and Transferor Company: A. Ceases to exist B. Separate entity is Continue to exist C. Applied in all cases D. None of the above

Last Answer : B. Separate entity is Continue to exist

For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company. A. 51% B. 90% C. 99% D. 100%

Description : For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company. A. 51% B. 90% C. 99% D. 100%

Last Answer : B. 90%

Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Description : Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : C. Goodwill or capital reserve

Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Description : Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : A. General reserve

Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above

Description : Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above

Last Answer : B. Amortised to income on a systematic basis normally five years

Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Description : Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Last Answer : C. The statutory reserves of the transferor company