TN STATEBOARD 11th COMMERCE CHAPTER 6 

TEST


TEST – 7

PADVIKSHA BLOG

TIME: 1 HOUR 15 Minutes

TOTAL MARKS: 25

 

I Multiple Choice Questions (MCQ) (Mark- 3 x 1 = 3)

1. …………….. companies are established by a Special Act made in Parliament/State Assembly.
(a) Chartered
(b) Statutory
(c) Private
(d) Unlimited


2. One share – one vote principle is followed in ……………..
(a) Company
(b) Partnership
(c) Co – operative
(d) Sole trading concern


3. …………….. company operates in more than one country.

(a) Multinational
(b) Foreign
(c) Domestic
(d) Private

4. The maximum number of members in a private limited company is ……………..
(a) 25
(b) 50
(c) 100
(d) 200

5. …………….. is “the only window through which a prospective investor can look into the soundness of a company’s venture”.
(a) Prospectus
(b) Memorandum
(c) Articles
(d) Minutes

II VERY SHORT ANSWER QUESTION (MARK 3 x 2 = 6)

Write Any 3 Questions:


1. What is meant by Chartered Company?

2. What is perpetual succession?

3. Explain any two characteristics of a company.

4. What is Objective clause?

5. What is Situation clause?


III SHORT ANSWER QUESTION (MARK 2 x 3 = 6)

Write Any 3 Questions:


1. What do you mean by Company limited by Guarantee?

2. What are the advantages of Companies? (Any 3)

3. What do you mean by Holding Companies?

4. What is meant by Private Company?

5. What is meant by Joint and Several Liability?


IV LONG ANSWER QUESTION (MARK 2 x 5 = 10)

WRITE ANY 2 QUESTIONS


Question 1. What are the contents of Memorandum of Association?

Question 2.  What is meant by Holding and Subsidiary company?

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