Tag: elements of business

Questions Related to elements of business

The maximum number of members in a public company are _____.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. $20$

  2. $50$

  3. $70$

  4. There is no limit

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Correct Option: D

Which option is NOT suitable for winding up of a company?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Dissolving or winding up by agreement.

  2. Dissolving or winding up by law.

  3. Dissolving or winding up by creditors with the help of law.

  4. Dissolving or winding up by members with the help of law.

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Correct Option: A

Which is NOT a feature of an incorporated company?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Transferability of shares.

  2. Limited liability

  3. Common seal

  4. It is an agent

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Correct Option: D

Which one of the following statements in respect of a public limited company is correct?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. There can be less than 7 members.

  2. The convent of directors and their contract to purchase qualificationshares, if any, required must be filed.

  3. Remuneration of directors is not controlled by any provision of companies Act

  4. None of the above

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Correct Option: B

Number of months the company can continue its business u/s 45__________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. 1

  2. 2

  3. 5

  4. 6

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Correct Option: D

When the data is shared with the Company's suppliers in SCM than it is called ?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Upstream

  2. Downstream

  3. Both a & b

  4. None of the above

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Correct Option: A

Who all can call extra ordinary general meeting _______________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Company low board

  2. Creditors

  3. Company low Tribunal

  4. Both a & b

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Correct Option: D

Company is defined under which section of the Companies Act?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Sec $3$ ($1$)

  2. Sec $4$ ($2$)

  3. Sec $2$ ($4$)

  4. Sec $1$ ($3$)

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Correct Option: A

According to N.N. Malaya, "________ are autonomous or semi - autonomous corporation and companies established, owned and controlled by the state and engaged in industrial and commercial undertakings."

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Private enterprises

  2. Public enterprises

  3. Semi private enterprises

  4. None of above

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Correct Option: B
Explanation:

According to N.N. Malaya, "public enterprises" are autonomous or semi - autonomous corporation and companies established, owned and controlled by the state and engaged in industrial and commercial undertakings." Public enterprise can be defined as a business organization wholly or partly owned by the state and controlled through a public authority. 

Minor may be admitted in the firm for ________.

elements of business partnership 2 - organisation, classification, rights, duties and liabilities of partners types of partners types of partners and partnership firms types, rights and duties of partners

  1. sharing of profits

  2. mutually benefit

  3. both (a) and (b)

  4. none of these

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Correct Option: A