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
In which Act partnership is governed:

(A) Act 1932	(B) Act 1956
(C) Act 1936	(D) Act 1952

Question-2 In a public company a director cannot hold office after he has attained the age of :

(A) 60 years	(B)65 years
(C)50 years	(D)55 years

Question-3
How many members should sign the memorandum of association in a private company?

(A) 5	(B) 7
(C) 2	(D) 3

Question-4
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-5
Which need not file with the registrar in a private company?

(A) Prospectus	(B) Statement in lieu of prospectus
(C) Both 1 and 2	(D) Only 2

Question-6
The first stage in the formation of a company is:

(A) Incorporation	(B) Promotion
(C) Invention	(D) Presentation

Question-7
What is the minimum paid up capital of a Private Company?

(A) 1 lakh	(B) 5 lakh
(C) 10 lakh	(D) 50 lakh

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
Joint stock companies can be classified on the basis of :

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

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