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Free Online MCQs for Class – 11 Business Studies Chapter 7 – Formation of a Company

Free Online MCQs for CBSE Class – 11 Business Studies Chapter 7 – Formation of a Company with Answers. Free Online MCQs Questions for Class 11 Business Studies with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Business Studies Chapter 7 – Formation of a Company Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Business Studies

Chapter- 7 Formation of a Company with Answers

  1. Minimum number of members to form a private company is
    1. 2
    2. 3
    3. 5
    4. 7
  2. Minimum number of members to form a public company is
    1. 5
    2. 7
    3. 12
    4. 21
  3. Application for approval of name of a company is to be made to
    1. SEBI
    2. Registrar of Companies
    3. Government of India
    4. Government of the State in which Company is to be registered
  4. A proposed name of Company is considered undesirable if
    1. It is identical with the name of an existing company
    2. It resembles closely with the name of an existing company
    3. It is an emblem of Government of India, United Nations etc.
    4. In case of any of the above
  5. A prospectus is issued by
    1. A private company
    2. A public company seeking investment from public
    3. A public enterprise
    4. A public company
  6. Stages in the formation of a public company are in the following order
    1. Promotion, Commencement of Business, Incorporation, Capital Subscription
    2. Incorporation, Capital Subscription. Commencement of Business, Promotion
    3. Promotion, Incorporation, Capital Subscription, Commencement of Business
    4. Capital Subscription, Promotion, Incorporation, Commencement of Business
  7. Preliminary Contracts are signed
    1. Before the incorporation
    2. After incorporation but before capital subscription
    3. After incorporation but before commencement of business
    4. After commencement of business
  8. Preliminary Contracts are
    1. binding on the Company
    2. binding on the Company, if ratified after incorporation
    3. binding on the Company, after incorporation
    4. not binding on the Company
  9. Incorporation is necessary for
    1. Public company
    2. Private company
    3. One man company
    4. All of the above
    5. A & b
  10. Statement in lieu of prospectus can be filed by
    1. Public company
    2. Private company
    3. Unregistered company
    4. None of the above

MCQs Questions of Class – 11 Business Studies Chapter 7 – Formation of a Company

Answer Key

  1. (a)   2.  (b)  3. (b)  4. (d)  5. (b) 6. (c)  7. (a)  8. (b)    9. (d)   10.  (a)

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