The maximum number of partners allowed in the banking business is:
20
10
5
No limit
The minimum paid up capital of a public company is:
5 lakhs
2 lakhs
1 lakh
10 lakhs
'Each for all and all for each' is the basic principle of:
Cooperative societies
Partnership
Company
Sole proprietorship
The maximum number of members in a public company is:
50
Unlimited
The risk of losses in a company is borne by:
Directors
Staffs
Share holders
Owners
All members who have equal ownership right over the property of an ancestor are known as:
Partners
Co-parceners
Members
A company form of organization is governed by the:
Parliament Act
Companies Act,1956
Companies Act,1947
None of these
A partner whose association with the firm is unknown to the general public is called a:
Secret Partner
Active Partner
Nominal Partner
Partner by Estoppel
The Board of Directors of a joint stock company is elected by:
General public
Employees
Managers
In which state 'Dayabhag' system is applicable?
Uttar pradesh
Assam
Karnataka
West Bengal