Business and Finance MCQs Test 03 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Business and Finance MCQs Test 03 Preparation Online 1. In which year was the Indian Contract Act passed?A. 1939B. 1850C. 1926D. 1872 Loading... 2. What is the minimum number of shareholders necessary for a public company?A. 20B. 7C. 5 D. 11 Loading... 3. Within how many days of the declaration of dividend must dividend warrants be posted to shareholders?A. 21 daysB. 30 daysC. 60 daysD. 42 days Loading... 4. Unless the Articles of Association otherwise provide, the quorum for a general meeting of a public company is ?A. One-third of the total members B. Five members personally presentC. Seven members personally presentD. Twenty members personally present Loading... 5. The share capital of a company refers to:A. Equity share capitalB. Equity and preference share capitalC. Equity and preference share capital and debenturesD. Preference share capital Loading... 6. A Special resolution is one, which is passed in a general meeting by:A. A simple majority of votesB. Two-third majority of votesC. Three-fourth majority of votesD. Three-fifth majority of votes Loading... 7. Any agreement by a minor which is beneficial to him is a:A. Valid contractB. Void agreementC. Illegal agreementD. Void contract Loading... 8. A private company must have at least ?A. 10 membersB. 5 membersC. 7 membersD. 2 members Loading... 9. A share warrant can be issued by:A. Private companies onlyB. Government companies onlyC. Public companies onlyD. Both public and private companies Loading... 10. Communication is complete when the ?A. Message is received by the receiverB. Message is received and understood by the receiverC. Message is further transmitted by the receiverD. Message is sent by the sender Loading... Loading...
