Self Studies
Self Studies
Self Studies
Self Studies

Forms of Business Organisations Test - 16

Result Self Studies

Forms of Business Organisations Test - 16
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    An association which is formed to promote art, cultural activities, etc is a ________ . 
    Solution
    An association which is formed to promote art, cultural activities rather than focusing on earning profits is known as Non-profit association. For example: Rotary club, as it does not aim at earning profits rather focuses on social welfare.
  • Question 2
    1 / -0
    ___________ is an association which does not aim at profit making.
    Solution
    Non-Profit association works only for the social welfare and to encourage high ethical behavior without focusing on earning profit. Its main focus is to maximize the benefit of members involved.
  • Question 3
    1 / -0
    The managing body of a Joint Stock Company is the ________ . 
    Solution
    A joint stock company is managed by the board of directors who are elected by the shareholders. All the shareholders are entitled to vote in the decision making process. Board of directors holds company's shares in a huge lot and have powers in the management of the business.
  • Question 4
    1 / -0
    The third stage in the formation of a Joint Stock Company is ____________.
    Solution
    The third stage in the formation of Joint stock company is Capital subscription or raising. At this step, a company is allowed to raise their funds from general public by issuing shares and debentures. But before that it has to issue a prospectus for the public to subscribe to the capital of company.
  • Question 5
    1 / -0
    Fill in the blanks:
    The constitution of a joint stock company is called _______.
    Solution
    Memorandum of Association is the constitution of Joint stock company. It directs or instructs joint stock company. The joint stock company runs in accordance with the memorandum of association. Activities of the joint stock company are directed by the Memorandum of Association. Memorandum of association is regarded as a blueprint as it is needed for the incorporation of the joint stock company. Memorandum of Association is submitted to Company Registrar Office. Basic information and provision of the company are clearly mentioned in the memorandum of association. It defines scopes, objectives, functions of the joint stock company.
  • Question 6
    1 / -0
    Select the correct option given below :
    The management of a joint stock company is vested in the ____________.
    Solution
    Option B is the correct answer.
    The management of a joint stock company is vested in the Board of Directors.
  • Question 7
    1 / -0
    Write a word, term or a phrase which can substitute each of the following statements:
    A report to be submitted to the Registrar according to Section 165.
    Solution
    According to section 165 of the companies act 1965 the company has to file statutory report to registrar.
  • Question 8
    1 / -0
    Write a word or a term or a phrase which can substitute each of the following statements:
    A form of organisation where there is a separation of ownership from management ______________.
    Solution
    Option A is the correct answer.
    A form of organisation where there is a separation of ownership from management is Joint Stock Company.
  • Question 9
    1 / -0
    The term company is defined in section _______ of the Companies Act, $$2013$$.
    Solution
    As per section 2 of the Companies Act, 2013 a company is a company as created under the Companies Act, 2013 or any other previous companies act. 
  • Question 10
    1 / -0
    Indian Partnership Act defines business in...........
    Solution
    Option A is the correct answer.
Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now