Commerce MCQS with Answers for NTS
The documents through which the public is offered to purchase the shares of the company is called
Prospectus
Memorandum of association
Articles of association
Statement in lieu of prospectus
In partnership the age of minor partner is
22 years
Below 18 years
18 years
20 years
The persons performing services for the formation of joint stock Company are called as
Debenture holders
Promoters
Underwriters
Shareholder
The formation and dissolution of sole proprietorship is
Easy
Very complicated
Complicated
Difficult
Calculate machine is
Punching machine
Stapler machine
Photo-state machine
Calculator
Minimum number of Directors in public Limited company?
Five
Seven
Three
All of these
The partner who performs work practically is known as
Nominal partner
Active partner
Minor partner
Passive partner
A person who takes part in economic activities to earn the profit is called
Industrialist
Banker
Businessman
Professional
Most important document of the company is
Prospectus of the company
Articles of association
Memorandum of association
Maximum number of partners in Banking business is
20
40
30
10
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