Description : Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ? (A) Public Company limited by shares (B) Unlimited companies (C) Private companies limited by shares (D) Companies limited by guarantee
Last Answer : Answer: Public Company limited by shares
Description : The liability of members if company is limited by shares A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above
Last Answer : B. Guarantee amount
Description : The liability of members if company is limited by guarantee. A. Unpaid value of shares B. Guarantee amount C. Unlimited liability D. None of the above
Last Answer : A. Unpaid value of shares
Description : Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.
Last Answer : A. statutory corporation.
Description : Which one of the following securities cannot be issued by a Public Limited Company in India ? (A) Participating preference shares (B) Redeemable preference shares (C) Deferred shares (D) Debentures.
Last Answer : Answer: Deferred shares
Description : The liability of the shareholders of a public limited company is limited to the extent of– (A) Par value of the share (B) Paid up value of the shares (C) Market price of the shares (D) Intrinsic value of the shares
Last Answer : Answer: Paid up value of the shares
Description : Company limited by Guarantee
Last Answer : Explain the following terms/concept : Company limited by Guarantee
Description : ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by? A. RBI B. Government Of India C. IRDAI D. NABARD
Last Answer : B. Government Of India Explanation: ECGC Ltd. (Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of ... comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community.
Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.
Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.
Description : Explain the following terms/concept : Company Limited by shares
Last Answer : Explain the following terms/concept : Company Limited by shares
Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000
Last Answer : Answer: Rs. 30,000
Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business
Last Answer : Answer: The date at which the company is entitled to commence business
Description : With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited
Last Answer : C) TransUnion International Inc Explanation: Earlier the shareholding patterns of CIBIL were TransUnion International Inc (66.1%) ICICI Bank Ltd (6%) Bank of Baroda (5%) Bank of India (5%) Union ... Private Ltd. (4%) India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)
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
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
Description : SHCIL was established in 1986 under the Government of India as __________ A. Private Ltd B. Public Ltd C. Limited Liability Partnership D. Unlimited company E. None of the Above
Last Answer : B. Public Ltd Explanation: Stock Holding Corporation of India Limited(SHCIL) was established in 1986 under the Government of India as public limited company.
Description : The rooster stands at the top of the roof. In which direction does the egg roll that is being laid?
Last Answer : In either direction because the rooster does not lay eggs
Description : What is it better for a bodybuilder to consume if he needs a protein-rich diet? chicken or turkey breast?
Last Answer : Roughly the same, maybe a little more turkey breast. When bodybuilding the goal is of course to eat without skin.
Description : (i) In ancient Indian history, Secretary was referred to as Secretarius.
Last Answer : State whether the following statements are True or False : (i) In ancient Indian history, ... company secretary is the oldest type of secretary.
Description : (i) In statement of profit or loss, profit on sale of assets are _________ to closing capital.
Last Answer : Fill in the Blanks : (i) In statement of profit or loss, profit on sale of assets are ... capital balance from __________ at the end of the year.
Description : (i) In the cash book of a trader Bank record the entries.
Last Answer : Do you agree or disagree with the following statements: (i) In the cash book of a trader Bank ... to deposit a cheque or cash into a bank account.
Description : (i) In barter transaction goods are exchange for ____________
Last Answer : Complete the following sentence : (i) In barter transaction goods are exchange for ____________ ( ... more than his assets is known as ___________
Description : Assertion (A) : In Britain, the formation of the nation-state was not the result of a sudden upheaval. Reasoning (R) : Ethnic groups of Britain
Last Answer : Two statements are given below as Assertion (A) and Reasoning (R). Read the statement and choose the most ... (A) is false but Reasoning (R) is true.
Description : In case of a company, “Buy Back” is related to– (A) Prospectus (B) Shares (C) Debentures (D) Cheques
Last Answer : Answer: Shares
Description : Underwriting in terms of shares means 1. Agreeing to purchase shortfall of shares in a company in case of undersubscription 2. Selling shares at a discount 3. Purchasing property at less than market price 4. a and b 5. None of these
Last Answer : Agreeing to purchase shortfall of shares in a company in case of undersubscription
Description : (i) Articles of Association is an invitation to the public to buy the shares of a company.
Last Answer : Correct the underlined word and rewrite the following sentences. (i) Articles of Association is ... within 120 days from the date of incorporation.
Description : Disinvestment of shares means– (A) To sale the shares of private company to public (B) To sale the shares of public company to the public (C) To sale the shares of Government company to the public (D) To sale of shares by holding company to its subsidiary company
Last Answer : Answer: To sale the shares of public company to the public
Description : Which company shares can be freely transferable A. Private company B. Public company C. Both a & b D. None of the above
Last Answer : B. Public company
Description : X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up ... to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100
Last Answer : Answer: Rs. 15
Description : The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be– (A) Rs. 10 (B) Rs. 20 (C) Rs. 30 (D) Rs. 40
Last Answer : Answer: Rs. 20
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
Description : What is the minimum number of directors of a bank owned by a public limited company ?
Last Answer : The minimum number of directors of a bank owned by a public limited company is 6.
Description : Which of these must hold a Statutory Meeting ? (A) Public Limited Company (B) Private Company (C) Unlimited Company (D) All of these
Last Answer : Answer: Public Limited Company
Description : In a public limited company, the minimum number of directors are– (A) 2 (B) 3 (C) 5 (D) None of the above
Last Answer : Answer: 3
Description : Which of the following statements best describes review services? a. Review engagements focus on providing assurance on the internal controls of a public company. b. Review engagements focus ... d. Review engagements focus on providing limited assurance on financial statements of a private company
Last Answer : Review engagements focus on providing limited assurance on financial statements of a private company
Description : Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited
Last Answer : D. unlimited
Description : How can attorneys on tv guarantee they can win your case and get you immediate compensation before your case settles?
Last Answer : They most likely have an insurance company pick up the bill when they lose, as long as they win often enough an insurance company could afford it. Just a guess though.
Description : A ______ is a contract to person the promise or to discharge a liability of a third person in case of his default. a) Contract of indemnity b) contract of guarantee c) Implied contract d) express contract
Last Answer : b) contract of guarantee
Description : In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above
Last Answer : (a) The value of the security
Description : In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable
Last Answer : (b) Secondary
Description : Red-black trees are one of many Search tree schemes that are "balanced” in order to guarantee that basic dynamic-set operations take ............. time in the worst case. (1) O(1) (2) O(log n) (3) O(n) (4) O(n log n)
Last Answer : (2) O(log n)
Description : Company should file a prospectus in case of conversion of private company into a public company with in __________ from the date of resolution A. 30 days B. 45 days C. 60 days D. none of these
Last Answer : D. none of these
Description : __________ is the software which comes with the permission for people to redistribute copies for a limited period. A. Freeware B. Shareware C. Open Source Software D. Public Domain Software
Last Answer : B. Shareware
Description : Your resume shows that you were with your last company for a number of years with limited increase in rank or salary. What can you tell me about this?
Last Answer : Don't say anything bad about the company. Did you like your job and you didn't want to move up? Did your company have a tight budget and rarely gave increases to anyone? Was your rank level a broad range so that you really did move within it, but on paper it isn't as noticeable?
Description : Why does a company choose to have an independent auditor report on its financial statements? a. Independent auditors will always detect management fraud. b. Independent auditors guarantee the accuracy ... . An independent audit is designed to search for deficiencies in the company's internal control
Last Answer : The company preparing the statements may have a vested interest in reporting certain results.
Description : The credit default spread method of valuation of a guarantee given by a parent company on behalf of its subsidiary involves estimating the value ____________. a) using credit default spread based on ... guarantor c) based on probability of default d) of the guarantee using an option pricing model
Last Answer : a) using credit default spread based on the credit rating of the subsidiary
Description : Capital is: A. Money available to invest. B. Prohibitive cost of entry. C. A guarantee that a company will be successful. D. A & B.
Last Answer : A
Description : Whoever, being a public servant, and being legally bound as such public servant, not to purchase or bid for certain property, purchases or bids for that property, either in his own name or in the name ... imprisonment for a term which may be extend 3 year or with fine or both d) None of these
Last Answer : b) Simple imprisonment for a term which may be extend 2 year or with fine or both
Description : Richard, CPA, performs accounting services for Norton Corporation. Norton wishes to offer shares to the public and asks Richard to audit the financial statements. Richard refers Norton to Cruz, CPA, who is more ... a. Only Richard b. Both Richard and Cruz c. Only Cruz d. Neither Richard nor Cruz
Last Answer : Both Richard and Cruz
Description : A CPA in public accounting is prohibited from performing which of the following actions? a. Permit the publication of his being the author of a book. b. Be a party to a stratagem which permits a non ... his wife to acquire shares in a corporation's capital stock. d. Act as a stock and transfer agent
Last Answer : Be a party to a stratagem which permits a non-CPA to practice accountancy