11th Principles of Commerce MCQS Chapter 5

11th Principles of Commerce MCQS
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Maximum number of shareholders in a multi-members private company
Ten
Twenty
Fifty
No limited

Which type of business organization has separate legal status apart from shareholders
Joint stock company
A partnership
A sole tradership
None of these

The word “Private” is not used by
A public company
All the above
A chartered company
A statutory company

The persons who manage the affairs of company are called
The promoters
The shareholders
The directors
The debentureholders

The persons who work for the formation of company are called
The directors
The owners
The employees
Thew promoters

Which business organization requires legal permission for commencement
Joint stock company
Partnership
None of these
Sole tradership

The minimum number of persons in a multi-members private company
Three
Four
Two
Seven

The minimum number of persons in a public ltd. company
Twenty
Thirty five
Unlimited
Fifty

joint stock company is that business organization which is
Not ended
None of these
Not durable
Durable

Liability of shareholders in a joint stock company is
None
All are correct
Unlimited
Limited

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