Organizer : Department of Commerce, Government Degree college, Armoor, Dist. Nizamabad Telangana State
Commerce and Accounting 2024
About the Quiz
- Start Quiz : 1March 2024
- Free Registration
- Open to All
- Link Activate Till 2March 2024
- Total 20MCQ Each Questios 5Marks
- Passing Score 50% And Above received Certificate in Email
- 60 Certificates Per Day Provided
Apply Link
. A valid definition of a business purpose is to ___
*
5/5
A. Create a customer
B. Maximize profits
C. Serve the society
D. Increase the wealth of the firm
A Joint stock company is governed by ___.
*
5/5
A. Companies Act 2006
B. Companies Act 1936
C. Companies Act 2013
D. Companies Act 2012
3. Membership of a co-operative is_.
*
5/5
A. voluntary
B. not essential
C. not compulsory
D. compulsory
4. A nominal partner is __
*
5/5
A. not liable for the acts of other partners
B. not able to third parties
C. By insolvency of any of the partner
D. not entitled to share the profits of the concern
When a partnership is dissolved?
*
5/5
A. By mutual consent
B. In any case of death of any of the partner
C. By insolvency of any of the partner
D. None of the above
6. Who is dormant partner?
*
5/5
A. One who takes no active part in business
B. Minor partner
C. A working partner
D. Partner for profits
7. Which of the following is not a manufacturing industry?
*
5/5
A. Fruit canning
B. Iron and steel works
C. Flour Mills
D. Mining
8. The liability of members of a co-operative society is _.
*
5/5
A. limited to the amount of paid up value of the capital held
B. limited to the amount of nominal value of capital held
C. Limited
D. unlimited
9. Dividend on preference capital will be paid _.
*
5/5
A. only when share holders recommend
B. only when there are profits
C. only when directors recommend
D. even if there are no profits
10. _ is not an economic activity.
*
5/5
A. A student playing cricket
B. A lawyer practicing law
C. A doctor practicing
D. A professional cricketer playing cricket
11. A Company is called an artificial person because _.
*
5/5
A. It does not have the shape of a natural person
B. It is invisible and intangible
C. It cannot be used in the court of law
D. It exists only in contemplation of law
12. The liability of shareholders of a public company is limited to the____
*
5/5
A. paid up value of shares
B. nominal value of shares
C. extent of their private assets
D. accounts called up
13. Sole-trade organization is also called as __
*
5/5
A. Joint stock company
B. Partnership
C. Individual proprietorship
D. Co-operative society
14. The partnership entity is __.
*
5/5
A. legal entity
B. neither entity nor accountable entity
C. legal entity and accountable entity
D. legal entity and accountable entity
15. Which of the following is an extractive industry?
*
5/5
A. Forest cultivation
B. Cattle breeding
C. Hunting
D. Flour mills
16. The minimum number of shareholders in a public limited company is_____
*
5/5
A. 2
B. 3
C. 7
D. 5
17. The primary function of an office is ___.
*
5/5
A. remuneration personnel
B. carrying out the management policies
C. safeguarding of authority means
D. making, using and preserving records
18. A private company should have at least _____ members.
*
5/5
A. 2
B. 7
C.10
D. 35
19. What is called to buying of shares by taking money from brokers?
5/5
A. Curb dealing
B. Margin trading
C. Badla
D. Forward
20. When SEBI came into force?
*
5/5
A. 1990
B. 1991
C. 1993
D. 1992