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Free MCQ’s Quiz on Class 11 Business Studies – Chapter 7 – Formation of a Company – Set 1

Free MCQ’s Quiz for Class 11 Business Studies – Chapter 7 – Formation of a Company with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Business Studies – ‘Formation of a Company’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Business Studies – Chapter 7 – Formation of a Company. Formation of a Company explains the stages in a company’s development and also the steps that must be completed at each stage to provide a realistic sense of these characteristics. To be properly understood, procedures can be divided into 3 separate phases, (i) promotion, (ii) incorporation, and (iii) capital subscription.

To make you perfect in this topic – Formation of a Company, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Formation of a Company.

Free MCQ’s on Formation of a Company

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#1. The Directors' powers, rights, salary, qualifications, and responsibilities are all described in detail in:-

#2. The face value of the shares is referred to as:-

#3. How many members are required to form a public company?

#4. An individual cannot hold a director position in over ___ public companies.

#5. Every company, whether private or public, must be incorporated.

#6. A public company planning a public offering may file a statement in place of a prospectus.

#7. After incorporation, a private company can begin operations.

#8. In a private corporation, state the minimum and the maximum number of members. There must be a minimum of two members and a maximum is _____.

#9. What are the minimum and the maximum number of members in a public company?

#10. Powers, rights, salary, qualifications, and directors responsibilities are all described in detail in

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