Business and Finance MCQs Test 03 Preparation Online

1. A private company must have at least ?

A. 2 members

B. 5 members

C. 10 members

D. 7 members

2. Unless the Articles of Association otherwise provide, the quorum for a general meeting of a public company is ?

A. Twenty members personally present

B. Seven members personally present

C. Five members personally present

D. One-third of the total members

3. Any agreement by a minor which is beneficial to him is a:

A. Illegal agreement

B. Void contract

C. Valid contract

D. Void agreement

4. The share capital of a company refers to:

A. Equity share capital

B. Equity and preference share capital

C. Equity and preference share capital and debentures

D. Preference share capital

5. In which year was the Indian Contract Act passed?

A. 1872

B. 1939

C. 1926

D. 1850

6. Within how many days of the declaration of dividend must dividend warrants be posted to shareholders?

A. 42 days

B. 30 days

C. 60 days

D. 21 days

7. A Special resolution is one, which is passed in a general meeting by:

A. A simple majority of votes

B. Two-third majority of votes

C. Three-fourth majority of votes

D. Three-fifth majority of votes

8. A share warrant can be issued by:

A. Public companies only

B. Both public and private companies

C. Government companies only

D. Private companies only

9. Communication is complete when the ?

A. Message is sent by the sender

B. Message is received by the receiver

C. Message is further transmitted by the receiver

D. Message is received and understood by the receiver

10. What is the minimum number of shareholders necessary for a public company?

A. 20

B. 5

C. 11

D. 7

Business and Finance MCQs Test 03 Preparation Online

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