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ONE MARK QUESTIONS WITH ANSWER. 1.What is the advantage of sole proprietor ship a. small capital b. hasty decision c. limited capital d. limited managerial.

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Presentation on theme: "ONE MARK QUESTIONS WITH ANSWER. 1.What is the advantage of sole proprietor ship a. small capital b. hasty decision c. limited capital d. limited managerial."— Presentation transcript:

1 ONE MARK QUESTIONS WITH ANSWER

2 1.What is the advantage of sole proprietor ship a. small capital b. hasty decision c. limited capital d. limited managerial ability CHOOSE THE CORRECT ANSWER

3 1.Partnership may come into existence a. by the operation of law b. by an express agreement c. by an express or implied agreement d. by inheritance of property CHOOSE THE CORRECT ANSWER

4 3. Registration is compulsory in the case of a. a sole trader b. a partnership c. a joint stock company d. a joint hindu family business CHOOSE THE CORRECT ANSWER

5 4. The most suitable form of organisation for operating defence industries is a. Government company b. public corporation c. departmental organisation d. board organisation CHOOSE THE CORRECT ANSWER

6 5. A multinational company is also known as a. global giant b. partnership c. co - operative society d. public corporation CHOOSE THE CORRECT ANSWER

7 6. Sole trading business can be started by a. at least two persons b. at least seven person c. any one person CHOOSE THE CORRECT ANSWER

8 7. The liability of a sole trader is a. limited only to his investment in the business b. limited to total property of the business c. unlimited CHOOSE THE CORRECT ANSWER

9 8. “One man control is the best in the world” This statement is given by a. H. Haney b. William R. Basset c. Neil H. Jocoby d. The direction of government CHOOSE THE CORRECT ANSWER

10 9. A partnership is formed by a. agreement b. relationship among person c. The direction of government CHOOSE THE CORRECT ANSWER

11 10. The basis of partnership is a. utmost good faith b. money available for investment c. desire to work together CHOOSE THE CORRECT ANSWER

12 11. A partnership firm may be registered under a act b act c act CHOOSE THE CORRECT ANSWER

13 12. In partnership there exists a relationship of a. principal and agent b. owner and servant c. employer and employee CHOOSE THE CORRECT ANSWER

14 13. Registration of partnership is a. compulsory b. optional c. not necessary CHOOSE THE CORRECT ANSWER

15 14. The minimum number of members for a public limited company a. 2 b. 3 c. 7 d The liability of shareholders of a private limited company is limited to a. The paid up value of the shares b. amount remaining unpaid on the shares c. the extent of private assets d. amount called up CHOOSE THE CORRECT ANSWER

16 16. The existence of a company comes to a close a. on the death of all its promoters b. on death of all the directors of the board c. on transfer of shares, by most of its original members d. none of the above CHOOSE THE CORRECT ANSWER

17 17. The minimum subscription specified in the prospectus must be received with in a.90 days b. 120 days c. 130 days d.60 days CHOOSE THE CORRECT ANSWER

18 18. Table A of the companies act is a a. model of minutes book b. model form of balance sheet c. model of articles of association d. model of memorandum of association CHOOSE THE CORRECT ANSWER

19 19. Debenture holders of a company are its a. creditors b. members c. credit customers d. borrowers CHOOSE THE CORRECT ANSWER

20 20. Every partner has the right to receive interest on loan and advances at the rate of ____% per annum a. 6% b.10% c. 12% d. no interest CHOOSE THE CORRECT ANSWER

21 21. Shares can be forfeited for a. non - payment of any debt due to the company b. non attending three annual general meetings consecutively c. for non payment of call money d. for violent activities at the annual general meetings. CHOOSE THE CORRECT ANSWER

22 22. A person can hold directorship of not more than _____ public limited companies. a. 10 b. 15 c. 20 d. limitless CHOOSE THE CORRECT ANSWER

23 23. A company secretary is appointed by a. Government b. the institute of company secretaries of India c. The board of directors d. shareholders in annual general meetings CHOOSE THE CORRECT ANSWER

24 24. The list of business to be transacted at the meeting is called a. agenda b. minutes c. resolution d. quorum CHOOSE THE CORRECT ANSWER

25 25. First directors are appointed by a. members in statutory meeting b. members in the first annual general meeting c. by being named in the articles of association d. registrar of companies CHOOSE THE CORRECT ANSWER

26 26. The interval between two annual general meetings shall not be exceed a.15 month b. 12 month c.18 month d. 20 month CHOOSE THE CORRECT ANSWER

27 27. Which of the following must hold a statutory meeting? a. statutory companies b. private limited co s c. public limited companies d. chartered companies CHOOSE THE CORRECT ANSWER

28 28. The first issues are floated in a. primary market b. secondary market c. commodity market d. regulated market CHOOSE THE CORRECT ANSWER

29 29. An optimistic speculator is a. bull b. bear c. stag d. lame duck CHOOSE THE CORRECT ANSWER

30 30. Securities contract regulation act was passed in a b c.1964 d CHOOSE THE CORRECT ANSWER

31 31. Stock exchanges deal in a. goods b. services c. financial securities d. country’s currency CHOOSE THE CORRECT ANSWER

32 32. Number of recognised stock exchange in India a. 2 b. 21 c. 22 d. 24 CHOOSE THE CORRECT ANSWER

33 33. A pessimistic speculator is a. stag b. bear c. bull d. lame duck CHOOSE THE CORRECT ANSWER

34 34. A bull operator believes in a. increase in prices b. decrease in prices c. stability in prices d. no change in prices CHOOSE THE CORRECT ANSWER

35 35. A cautious spectator is known as a. stag b. bull c. lame duck d. bear CHOOSE THE CORRECT ANSWER

36 36. SEBI has the following number of members including chair man a. 5 b. 7 c.6 d. 8 CHOOSE THE CORRECT ANSWER

37 37. Co - operative society can be started a. only at villages b. it towns and villages c. only in cities d. only in urban areas CHOOSE THE CORRECT ANSWER

38 38. The minimum number of members required to form a co - operative society is a. 2 b. 9 c. 100 d. 25 CHOOSE THE CORRECT ANSWER

39 39. Dividend is declared in a co - operative store to its members a. share capital b. number of shares purchased c. amount of patronage given d. none of the above CHOOSE THE CORRECT ANSWER

40 40. Central co - operative bank is established at a. villages b. districts c. state head quarters d. urban areas CHOOSE THE CORRECT ANSWER

41 41. A co - operative supermarket supplies a. credit b. service c. goods d. cash CHOOSE THE CORRECT ANSWER

42 42. Consumer co-operation was first successful in a. England b. USA c. Swiss d. India CHOOSE THE CORRECT ANSWER

43 43. Minority interest can be protected in a. sole trader b. partnership c. co - operative society d. public company CHOOSE THE CORRECT ANSWER

44 44. In a government company the share capital of the government must not be less than a. 51% b. 60% c. 75% d. 90% CHOOSE THE CORRECT ANSWER

45 45. Public corporations are managed by a ______ nominated by the government a. Board of directors b. Government servants c. directors d. committee of directors CHOOSE THE CORRECT ANSWER

46 46. In a public corporation the management has a. limited freedom b. no freedom of action c. controlled freedom d. unrestricted freedom of action CHOOSE THE CORRECT ANSWER

47 47. This organisation has Tax concession a. Departmental organisation b. Co-operative Society c. Government Company CHOOSE THE CORRECT ANSWER

48 48. The overall maximum managerial remuneration in a Public Limited Company shall not exceed a. 11% if net profits b. 11% of paid up capital c. 5% of Net profits d. 5% of paid up capital CHOOSE THE CORRECT ANSWER

49 49. Jobbers transact in a Stock Exchange a) For their clients b. For their own transaction c. For other brokers d. For other members CHOOSE THE CORRECT ANSWER

50 50. Government companies are registered under a. Special statute of Government b. Companies Act 1956 c. Royal Charter d. Other of the Government CHOOSE THE CORRECT ANSWER

51 51. Which of the following is not the characteristics of sole proprietorship a. Single ownership b. One man control c. Whole profit to proprietor ship d. non flexibility CHOOSE THE CORRECT ANSWER

52 52. The agreement of partnership a. Must be oral b. must be writing c. must be writing in the stamp paper d. can be either oral or in writing CHOOSE THE CORRECT ANSWER

53 53. Membership by birth is main feature in a. Sole Trader b. Joint stock company c. Joint Hindu family business d. Partnership CHOOSE THE CORRECT ANSWER

54 54. In a co-operative society a. One share one vote principle to followed b. One man one vote principle is followed c. A member must have 2 votes d. Shares are transferable. CHOOSE THE CORRECT ANSWER

55 55. Co-operative society can be started a. only in villages b. in towns and villages c. Only in cities d. Only in state head quarters CHOOSE THE CORRECT ANSWER

56 56. Management of a joint stock company is entrusted to a. The Registrar of companies b. The Board of Directors c. The share holders d. The Debenture holders CHOOSE THE CORRECT ANSWER

57 57. The oldest form of business organisation a. Sole Trading b. Partnership c. Joint stock company d. Co-operatives CHOOSE THE CORRECT ANSWER

58 58. Decision making process in sole trading business is a. Quick b. Slow c. Neither quick nor slow CHOOSE THE CORRECT ANSWER

59 59. Sole proprietorship is suitable for a. Large scale concerns b. Medium scale concerns c. Small scale concerns CHOOSE THE CORRECT ANSWER

60 60. ________ described as an extension of the ‘Principle of Agency’ a. Partnership b. Sole Trading c. Joint stock company d. Co-operatives CHOOSE THE CORRECT ANSWER

61 61. Sleeping Partner is also known as a. Active Partner b. Dormant Partner c. Nominal partner d. Sub Partner CHOOSE THE CORRECT ANSWER

62 62. The maximum number of member for non- banking firm is ______. a. 2 b. 10 c. 20 d. 30 CHOOSE THE CORRECT ANSWER

63 63. The partnership partners are collectively ______. a. firm b. family c. company d. co- operative CHOOSE THE CORRECT ANSWER

64 64. Which of the following is created by a special act of parliament or in state assembly a. chartered company b. foreign company c. Government company d. statutory company CHOOSE THE CORRECT ANSWER

65 65. A private company can commerce business a. immediately on receiving the certificate of incorporation b. only after the certificate of commencement of business c. on getting name of approval from the registrar d. on filing all the documents necessary for formation with the registrar. CHOOSE THE CORRECT ANSWER

66 66. Which of the following companies must file with the registrar a statement of lieu of prospectus? a. a public limited company which raises funds from the public through issue of shares. b. a public limited company which has made arrangement for raising its capital from directors and their relatives c. a private limited company d. all of them CHOOSE THE CORRECT ANSWER

67 67. Where the shares are issued at a discount and the nominal value of share is Rs. 100, the maximum discount that can be allowed is a. Rs. 5 b. Rs. 10 c. Rs. 20 d. Rs. 15 CHOOSE THE CORRECT ANSWER

68 68. Which of the following document define a scope of a company’s activities? a. memorandum of association b. articles of association c. prospectus d. statutory declaration CHOOSE THE CORRECT ANSWER

69 69. A preference share has priority in a. dividend only b. only in return on capital at the time of winding up c. voting rights d. both dividend and return of capital on winding up CHOOSE THE CORRECT ANSWER

70 70. A company should compulsorily appoint a qualified company secretary, compulsorily having a paid up share capital of more than a. Rs. 5 lakhs b. Rs. 50 lakhs c. Rs. 25 lakhs d. Rs. 15 lakhs CHOOSE THE CORRECT ANSWER

71 71. A partner who contributes capital and takes active part in the management is known as ______. a. sleeping partner b. nominal partners c. managing partner d. partners in profit only CHOOSE THE CORRECT ANSWER

72 72. Debenture holders are entitled to receive interest in the following circumstances a. when there are profits b. when share holders also get dividend c. every year irrespective of loss d. all the above CHOOSE THE CORRECT ANSWER

73 73. A director is acting as a. agent of the company b. trustee of the company c. chief executive officer of the company d. all of these CHOOSE THE CORRECT ANSWER

74 74. The value of qualification shares of a direction in a public limited company shall not exceed a. Rs b. Rs 50,000 c. Rs. 5,00,000 d. Rs. 500 CHOOSE THE CORRECT ANSWER

75 75. _______ is run on the principle of “All is he and he is all in all”. a. the sole trading concern b. partnership c. joint hindu family d. co - operatives CHOOSE THE CORRECT ANSWER

76 76. Which of the following business is not transacted at the annual general meeting. a. appointment of auditors b. issue of debentures c. appointment of directors in place of those retiring d. declaration of dividend CHOOSE THE CORRECT ANSWER

77 77. The popular method of sale of new shares in India in a. public issue b. offer for sale c. managing brokers d. underwriting CHOOSE THE CORRECT ANSWER

78 78. Stock exchange allow trade in a. all types of shares of any company b. bands issued by the Government c. listed securities d. unlisted securities CHOOSE THE CORRECT ANSWER

79 79. SEBI in formed as per a. securities contracts ( Regulation) Act b. securities and exchange board of India act c. companies act d. Indian constitution CHOOSE THE CORRECT ANSWER

80 80. Stock exchange _______ speculation in shares a. does not allow b. discourage c. encourage d. prohibits CHOOSE THE CORRECT ANSWER

81 81. A stock exchange is a place to a. exchange one security for another b. buy and sell financial securities c. float new shares d. buy and sell stock of goods CHOOSE THE CORRECT ANSWER

82 82. Maximum membership in a co- operative society is a. 50 b. 60 c. 100 d. unlimited CHOOSE THE CORRECT ANSWER

83 83. Public can also subscribe to the share capital of a. public corporation b. departmental undertaking c. Government company d. none of these CHOOSE THE CORRECT ANSWER

84 84. For the efficient working of state enterprise the form of organisation generally considered suitable is a. departmental organisation b. public corporation c. Government company d. none of these CHOOSE THE CORRECT ANSWER

85 85. Indian telephone industries is the examples of a. departmental organisation b. public corporation c. Government company d. none of these CHOOSE THE CORRECT ANSWER

86 86. Life insurance corporation of India is the example of _____________________. 87. The liability of sole trader is ____________________. 88. A sole proprietorship concern is generally run on a _________________________ scale basis. FILL IN THE BLANKS Public corporation unlimited small

87 89. Person who enter into partnership are collectively called _______________________________. 90. The maximum number of members in non - banking firm is ________________________________. 91. The partners liability in India is ____________________. FILL IN THE BLANKS Firm 20 Unlimited

88 92. _______________________ means the termination of the original partnership agreement. 93. The minimum number of members in a private company is ____________________________. 94. An advertisement inviting the public to buy the debenture of a public limited company is known as ______________________. FILL IN THE BLANKS Unlimited Dissolution of partnership 2 prospectus

89 95. First directors are usually named in the ________________________________. 96. Directors act as _________________ trustees and officers of the company. 97. Altering the articles of association requires __________________ resolution. FILL IN THE BLANKS articles of association agents special

90 98. Auditors are generally appointed and their remuneration fixed at the ____________________ meeting. 99. Debentures denotes ___________________ interest Secondary market deals with ___________________ traded in primary market. FILL IN THE BLANKS Annual General creditorship resale of securities

91 101. BOLT is the online trading system in use at ________________ stock exchange The latin word co - operative mean ________________ Management of co - operative society is fully _______________ Exploitation of consumers and employees is a feature of ___________________. FILL IN THE BLANKS Mumbai to work with democratic Private sector

92 105. The primary aim of state enterprises is _____________ Division of work is called ____________________ Broadcasting comes under _______________________ form of organisation Tamil Nadu electricity board is the example of _______________________. FILL IN THE BLANKS Public welfare Departmentation Departmental Board Organisation

93 109. Public corporation is also known as ________________ A partner who does not take part in the working of the firm is called ______________________ partner An unregistered firm cannot enforce its claims against third parties for recovering a sum exceeding rupees _____________ _________________ is a right vested with a partner to be used in emergency situation to protect the interest of the firm. FILL IN THE BLANKS Statutory corporation sleeping partner One hundred Implied Authority

94 113. The liability of a member of a company limited by guarantee is ____________________ The company which need not have separate articles of association of its own is __________________ company limited by shares The aggregate nominal value of qualification shares shall not exceed __________________ rupees. FILL IN THE BLANKS limited Public 5000

95 116. Shares at a discount must be issued within ________________ months from the date of sanction by the central Government A person appointed to attend a meeting on behalf of a share holder is known as _________________________ The overall managerial remuneration in a public limited company shall not exceed ___________ % of net profit. FILL IN THE BLANKS 2 Proxy 11

96 119. The quorum for a general meeting of members of a public company is ____________ _____________ act as intermediary to float new shares Application money should not be less than ____________________ percent of the value of a share Cleared securities are also called __________________ ____________________ are the employees of the members of a stock exchange. FILL IN THE BLANKS 5 Issue house 5 % Securities on forword list Authorised clerks

97 124. ______________________ act as a substitute for initial public offering The father of the co- operative movement was _____________ Super market refers to large scale__________________ Service is the main objective of ___________________. FILL IN THE BLANKS Mutual funds Robert owen retailing Co-operatives

98 128. In co- operative society only ___________________ of the profits to be distributed as dividend Public corporation are created by __________________ central or state Government The oldest form of public enterprise is ______________________ Public corporations are managed by a ____________________ nominated by the Government. FILL IN THE BLANKS 9 0r 14 % special act passed by Departmental organisation Board of Directors

99 132. In a Government company not less than ______ of the paid up share capital held by central or state Government The most suitable form of organisation for manufacturing defence goods is ____________________ Minimum subscription is fixed at __________________ of the issued capital Ready delivery contracts are also called as ___________________. FILL IN THE BLANKS 51 % Departmental Organisation 90 % Spot contracts

100 136. Delegation means the ______________________ of part of the work Partners share profits and losses__________________ In India registration of partnership is _______________ A company is regarded as a ____________________. FILL IN THE BLANKS entrustment in an agreed ratio Optional Person by law

101 140. Government policy is also favourable towards _________________ Government company employees are not ___________________ In co - operative society all members are _______________________ _____________________ acts as a stimulant for hard work in sole trading business. FILL IN THE BLANKS Multinational companies (MNCS) Government servants equal Fear of loss

102 144. Coco cola corporation is the example of __________________ The profit and loss of a partnership firm is shared in the _______________________ among the partners Active partner is also known as ___________________ A partnership is formed by _____________________. FILL IN THE BLANKS Multinational Company (MNC) agreed ratio Managing partner (or) working partner agreement

103 148. _________________ is a person who has not completed 18 years of age ____________________ can keep his business secrets Sole proprietor ship in suitable for ________________ The partnership agreement is also known as ___________________. FILL IN THE BLANKS A minor A sole trader small scale concerns Partnership Deed

104 152. Where the ___________________ partnership can be terminated, if any partner notifies his desire to quit ___________________ is a temporary partnership which is formed to complete a specific venture or job during a specified period When a person makes an arrangement with a partner to share his profit, he is known as a ___________________. FILL IN THE BLANKS Partnership - at -will A joint venture subpartner

105 155. A partnership in which the liability of a partner is limited is called ___________________________ ___________________ability of a sole trader is limited In partnership the name under which the business is carried on is called _________________________ ___________ is not governed by any special legislation. FILL IN THE BLANKS limited partnership The managerial Firm name Sole trading

106 159. __________________ mean dissolution of partnership General partnership is also known as ____________________ Sole trading business can be started by ______________________ person __________________________ document define the scope of activities of a company. FILL IN THE BLANKS Dissolution of firm Unlimited partnership any one Memorandum of association

107 163. A private company should have atleast _______________directors Preference shares which carry a right to arrear divided are known as ____________________________ When a company has issued shares of qualification shares that a director should hold is _________________ The minimum number of members in a public limited company is _____________________________. FILL IN THE BLANKS 2 cumulative preference shares Rs

108 167. East India company is the example of _______________ 168. Share holders are the _____________ of the company When the shares are issued at a price higher than its face value, it is called __________________________ Where debentures are to be redeemed after a specified period, they are known as _________________________. FILL IN THE BLANKS Chartered company real owners Issue of shares at a premium Redeemable debentures

109 171. The forfeited shares can be reissued at a ____________ Every public limited company must compulsorily hold statutory meeting within________ month and not earlier than ______ month form the date to commence business The interval between two annual general meetings shall not exceed ______ month The notice calling the annual general meeting must be given to all its members at least________ days before the date of the meeting. FILL IN THE BLANKS discount 6 months 15 one 21 days

110 175. A statutory report must be sent to every member of the company atleast _____ days before the meeting is to be held The minimum number of members required for a meeting is known as ______________________ 177. A person cannot act as a managing director of more than ______________ companies at a time __________________ means 51% or more of the votes have been cast in favour of the resolution. FILL IN THE BLANKS 21 Quorum 2 Ordinary resolution

111 179. Joint stock companies require _________________ ________________ is a document issued by a company acknowledging a debt due by it to its holders ___________________ is a commonly used method of issuing new shares ____________________ is an invitation to the public to subscribe of the shares. FILL IN THE BLANKS Enormous Capital Debenture Public issue Prospectus

112 183. The volume of business in secondary market depends on ___________________ There are __________ regional stock exchanges in India Listing is ____________________ for public companies ________________ order gives a freehand to its brokers of a client to buy or sell a particular securities For any price. FILL IN THE BLANKS Primary market 21 compulsory Discretionary order

113 187. Investors retains securities for _______________ period Stag is called _______________________ ________________ enables small investors to participate in the investment on share capital of large companies Large scale undertakings are originated in the form of _____________________. FILL IN THE BLANKS Longer Premium hunter Mutual Funds joint stock company

114 191. The long term capital required by the company is divided into small units of fixed amount called _______________ Primary market is concerned with ________________ ____________ act as intermediary of float new shares After allotment of shares, allottes become the _______________ of the company. FILL IN THE BLANKS shares issue of new shares Issue Houses share holders

115 195. Second hand securities are traded in _______________ Inclusion of securities in the official list of stock exchange is called _____________________ _____________________ are the employees of the members of a stock exchange _________________ is the supervisory body established to regulate Indian stock market. FILL IN THE BLANKS Secondary market Listing Authorised clerk SEBI

116 199. __________________________ is known as stag The liability of the members of a co-operative society is ______________________________ An industrial co-operative is organised by _____________________________ consumers are the _____________________________. FILL IN THE BLANKS Cautious Speculator Limited small scale producers Kings

117 203. Agriculture credit societies are classified into a) Rural credit society b) ____________________ When the Government takes over an existing private concern it is called ____________________________ Exploitation of consumers and employees is a feature of ________________________________ ______________________ is an undertaking owned and controlled by Government. FILL IN THE BLANKS Primary credit societies nationalisation State enterprise Private sector

118 207. ________________ Checks concentration of economic power in the hands of few Where the authority to a partner is expressly conferred by an agreement, it is called ______________________ The person who contributes capital and manages the business is called as ____________________________. FILL IN THE BLANKS Public sector Expressed Authority Sole trader

119 210. The size of sole trading business remains _________________________ When a proposal placed before the meeting is passed by the meeting, it becomes _________________________. FILL IN THE BLANKS small a resolution

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