GK-Financial MCQ Question and Answer
GK-Financial MCQ Question and Answer
1. The minimum paid-up share capital for a public company shall be—
- Rs. 1 lakh
- Rs. 2 lakhs
- Rs. 3 lakhs
- Rs. 5 lakhs
2. Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by—
- Doctrine of Indoor Management
- Doctrine of Constructive Notice
- Doctrine of Ultravires
- Doctrine of Intravires
3. A public company can start its business operations after getting—
- Certificate of Incorporation
- Minimum Subscription
- Certificate of Commencement of Business
- Permission of the Controller of Capital Issue
4. Under Section 275 of the Companies’ Act, 1956 a person can become director in public company of not more than—
- 5 companies
- 10 companies
- 15 companies
- 20 companies
5. Articles of Association can be altered by passing—
- An ordinary resolution in Annual General Meeting
- A special resolution in Annual General Meeting
- A resolution with special notice
- Without any resolution
6. In case of Board Meetings the Quorum must be present—
- At the commencement of the meeting
- At the termination of the meeting
- Throughout the meeting
- At the commencement and termination both
8. The capital issues of public limited companies are subject to guidelines issued by—
- Reserve Bank of India
- Central Government
- Central Bank of India
- Securities & Exchange Board of India (SEBI)
9. Disinvestment of shares means—
- To sale the shares of private company to public
- To sale the shares of public company to the public
- To sale the shares of Government company to the public
- To sale of shares by holding company to its subsidiary company
10. When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called—
- Buyback of shares
- Issue of shares at premium
- Issue of shares at discount
- Right shares issue