NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Commerce MCQs (Practice_Test 79 of 99)
Get top class preparation for competitive exams right from your home: get questions, notes, tests, video lectures and more- for all subjects of your exam.
- In the case of audit of Statutory Report, an auditor is expected to give his report on the
- number of shares allotted, amount received in cash and summarised Receipts and Payments account
- authorised capital, subscribed capital and paid up capital
- Profit and loss account, Balance Sheet and directors report
- directors qualification shares, calls in arrears and calls in advance
- Working papers which contain a record of the audit work are the property of the
- company
- auditor
- Registrar of Companies
- Government of India
- Sampling is used in the case of
- collection of debts by the accountant
- test checks by the auditor
- supervision by the works manager
- checking pass-book entried by the accountant
- One of the consequences of non-registration of a partnership firm is that
- a partner cannot sue the other partner to enforce a right arising from a contract
- the partner of such a firm cannot sue third parties
- third parties cannot sue the firm for claims exceeding ₹ 100
- the official Assignee or Receiver will have no power on the property of the dissolved firm
- In the case of a deemed public limited company, the maximum number of members is restricted to
- 10
- 50
- 100
- 200
- Consider the following rights:
- Right to take part in the business
- Right to share profits
- Right to interest on advances in excess of capital
- Right to expel a non-cooperative partner
- The legal rights of a partner would include
- 1 and 2
- 2 and 4
- 1,2 and 3 (4) 1,3 and 4
- Match List I with List II and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Commerce MCQs (Practice_Test 79 of 99) List-I (Type of combinations) List-II (Illustrations) - Association
- Federation
- Partial consolidation
- Complete consolidation
- Cartel
- Chamber of commerce and industry
- Holding company
- Amalgamation
- A
- B
- C
- D
- 2
- 1
- 3
- 4
- 1
- 2
- 3
- 4
- 2
- 1
- 4
- 3
- 1
- 2
- 4
- 3
- Which one of the following is an example of a company incorporated by a special Act of Parliament?
- Life Insurance Corporation of India
- Indian Oil Corporation
- State Trading Corporation of India
- Bharat Heavy Electricals limited
- Which one of the following types of registered companies will be the most appropriate for the promotion of science, culture, religion etc.
- Company limited by share
- Company limited by guarantee
- Unlimited company
- Government company
- Match List I with list II and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Commerce MCQs (Practice_Test 79 of 99) List-I List-II - Contract of Uberrimae fidei
- Right of Eminent Domain
- Statement in lieu of prospectus
- System of ‘one man one vote’
- Public utility concern
- Co-operative society
- Partnership
- Sole trading concern
- Public limited company
- A
- B
- C
- D
- 1
- 3
- 5
- 4
- 3
- 1
- 5
- 2
- 3
- 2
- 1
- 4
- 1
- 2
- 5
- 3
- A joint stock company՚s letterhead must by law, have the address of the
- Managing Director
- Factory
- Registered Office
- Head Office
- Which of the following are stated in the objects clause of the Memorandum of Association of a Public Limited Company?
- General and specific objects
- Main objects
- Secondary objects
- Objects incidental to main objects
- Other objects
- 2,4 and 5
- 1,3 and 5
- 2,3 and 4
- 1,2 and 4
- The first auditors of a company are appointed by the
- Registrar of Companies
- shareholders of the company
- promoters of the company
- Board of Directors of the company
- Who among the following has NO right to speak at the AGM?
- Chairman of the company
- Whole-time director of the company
- Proxy holder
- None of the above, as everybody has a right to speak at the AGM
- Which one of the following is the correct sequence of steps in the formation and commencement of business of a public limited company?
- Memorandum, Issue of Prospectus, Filing of Prospectus, Minimum subscription
- Memorandum, Minimum subscription, Filing of Prospectus, Issue of Prospectus
- Memorandum, Filing of Prospectus, Issue of Prospectus, Minimum subscription
- Memorandum, Issue of Prospectus, Minimum subscription, Filing of Prospectus