Tag: meaning and features of joint stock company

Questions Related to meaning and features of joint stock company

A Company Secretary _____________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. has nothing to do with the directors, of the company

  2. is never in touch with any government department

  3. occupies an important place in a corporate setup

  4. does not have to correspond with the investors

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Correct Option: C
Explanation:

Company secretary occupies an important place in a corporate set up. As per Companies Act 2013, a Company Secretary is a key managerial person.

The language of the minutes of a meeting should be __________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. In first person

  2. In second person

  3. In third person

  4. None of the above

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Correct Option: C

The official signature of the company is known as ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. company logo

  2. company seal

  3. common seal

  4. common signature

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Correct Option: C

For a forthcoming meeting _________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. minutes are prepared

  2. agenda is prepared

  3. letters are prepared

  4. all of the above

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Correct Option: B

The maximum interaction with shareholders is ____________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. at the time of allotment

  2. at the time of dividend distribution

  3. both a & b

  4. none of the above

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Correct Option: C

In an annual return of a company which is filed with ROC, the particulars to be mentioned are _____________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. list of directors

  2. registered address of company

  3. list of shareholders

  4. all of the above

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Correct Option: D

The following is the advantage of a company ___________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Benefits of large scale production

  2. Bold management

  3. Full legal cover

  4. All of the above

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Correct Option: D

One of the disadvantages of a company form of business is ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. its full legal cover

  2. recognized legal entity

  3. stock exchange speculation

  4. none of the above

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Correct Option: C

Rajeev is a "member" (a type of owner) of a marine supply business with many shareholders. Rajeevs business is __________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. a sole proprietorship.

  2. a limited liability partnership.

  3. a limited liability company.

  4. a general partnership.

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Correct Option: C

The capital of a company is divided into number of parts, each one of which is called ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. dividend

  2. profit

  3. interest

  4. share

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Correct Option: D