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MCQs Questions of Class – 12 Accountancy Chapter 7 – Issue of Shares

Free Online MCQs Questions of CBSE Class – 12 Accountancy Chapter 7 – Issue of Shares with Answers. Free Online MCQs Questions for Class 12 Accountancy with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Accountancy Class – 12 Accountancy Chapter 7 – Issue of Shares Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs Questions of Class -12 Accountancy

Chapter 7 – Issue of Shares with Answers

  1. A company has ……………
    1. Separate Legal Entity
    2. Perpetual Existence
    3. Limited Liability
    4. All of the Above
  2. Shareholders are :
    1. Customers of the Company
    2. Owners of the Company
    3. Creditors of the Company
    4. None of these
  3. Who are the real owners of a company?
    1. Government
    2. Board of Directors
    3. Equity shareholders
    4. Debenture holders
  4. A Company is created by :
    1. Special act of the Parliament
    2. Companies Act
    3. Investors
    4. Members
  5. An artificial person created by Law is called :
    1. Sole Tradership
    2. Partnership Firm
    3. Company
    4. All of the Above
  6. The liability of members in a Company is :
    1. Limited
    2. Unlimited
    3. Stable
    4. Fluctuating
  7. Liability of a shareholder is limited to ………………… of the shares allotted to him :
    1. Paid up Value
    2. Called up value
    3. Face value
    4. Reserve Price
  8. Maximum number of members in a private company is :
    1. 7
    2. 200
    3. 20
    4. No Limit
  9. Capital of a Company is divided in units which is called :
    1. Debenture
    2. Share
    3. Stock
    4. Bond
  10. Shareholders receive from the company :
    1. Interest
    2. Commission
    3. Profit
    4. Dividend

MCQs Questions of Class – 12 Accountancy Chapter 7 – Issue of Shares

Answer Key

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

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