Tamil Nadu (English Medium) Plus 2 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
Registration of a Joint Stock Company is:

(A) Optional	(B) Compulsory
(C) Both 1 and 2	(D) Automatic

Question-2 The maximum number of members in a public limited company is:

(A) Fifty	(B)Seven
(C)No limit	(D)Two

Question-3 The minimum number of members in a private limited companies:

(A) Seven	(B)Two
(C)Three	(D)Four

Question-4
In which Act Joint Stock Company governed:

(A) Act 1950	(B) Act 1932
(C) Act 1956	(D) Act 1936

Question-5
The registration of a partnership firm is :

(A) Compulsory	(B) Optional
(C) Both 1 and 2	(D) Only 1

Question-6
What is the minimum paid up capital of Public Company?

(A) 25 lakhs	(B) 1 lakh
(C) 5 lakh	(D) 10 lakh

Question-7
Joint stock companies can be classified on the basis of :

(A) Incorporation	(B) Nature of Liability
(C) Ownership	(D) All the above

Question-8 A statutory declaration must be given by:

(A) Advocate of the Supreme Court	(B)A Chartered Accountant
(C)Advocate of the High Court	(D)All the above

Question-9
Share holders lose their entire money. Such companies, known as

(A) Joint Stock Company	(B) Partnership firm
(C) Fly by Night Company	(D) Statutory Company

Question-10
In a public company how many members should sign the memorandum of association:

(A) 2	(B) 3
(C) 6	(D) 7

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Plus 2 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Organisation
Sole Trader
Partnership
Joint Stock Companies -I
Joint Stock Companies II
Government in Business
Stock Exchange
Co-operatives