Commerce MCQ Question and Answer

Commerce MCQ Question and Answer
171. The ‘Doctrine of Indoor Management’ provides protection to the—
  • Board of Directors
  • Shareholders
  • Managing Director
  • Outsiders
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172. By which of the following methods a Company Secretary can be removed from his post ?
  • By passing a resolution in Board Meeting
  • By order of Registrar of Companies
  • By passing a resolution in Annual General Meeting
  • None of the above
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173. Dividend paid between two Annual General Meetings is known as—
  • Final dividend
  • Interim dividend
  • Special dividend
  • None of the above
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174. In a Private Company there are restrictions regarding—
  • Transfer of shares
  • Issue of prospectus
  • Number of members
  • All of the above
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175. The gap between two General Meetings of the Company should not be more than—
  • 12 months
  • 18 months
  • 15 months
  • 20 months
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176. Statement containing details of items to be considered in a meeting is called—
  • Agenda
  • Minutes
  • Resolution
  • Notice
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177. The minimum and maximum number of members in a Private Company is—
  • 2 and 50
  • 2 and 20
  • 2 and 10
  • None of the above
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178. What is the maximum limit of remuneration for a whole time manager in a company ?
  • 3% of net annual profit
  • 5% of net annual profit
  • 7% of net annual profit
  • None of the above
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179.  Which among the following documents defines the relationship between a company and outsiders ?
  • Memorandum of Association
  • Articles of Association
  • Prospectus
  • None of the above
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180. Registration is not essential in case of a—
  • Company
  • Co-operative organisation
  • Co-operative Societies
  • Business of Joint Hindu Family
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