1. Property of the company belongs to a) Company b) Share holders c) Members d) Promoters 2. Which company shares can be freely transferable 3. Private Company b) Public Company c) Both (a) & (b) d) None of the above 4. Minimum number of members in case of public company b) 1 b) 2 c) 5 d) 7 5. Minimum number of members in case of private company is c) 1 b) 2 c) 3 d) 6. Maximum no. of members in case of private company is d) 50 b) 100 c) 150 d) 200 7. Maximum no .of members in case of public company is 1) 0 b) unlimited c) 50 d) 100 8. How many months did the company can continue its business u/s 45 _______ e) 1 b) 2 c) 5 d) 6 9. If minimum subscription is not received application money should be refunded with in
______days
20 b) 25 c) 30 d) 10 10. Liability of a member in case of a private company is f) Limited b) Unlimited c) Both (a) or (b) d) None of the above 11. Maximum no. of persons in case of partnership banking business ______ g) 10 b) 20 c) 30 d) 5 12. Minimum paid up share capital in case of a private company is _______ h) 1 Lakh b) 2 Lakhs c) 3 Lakhs d) 4 Lakhs 13. Minimum paid up share capital in case of a public company is ________ i) 1 Lakh b) 3 Lakhs c) 5 Lakhs d) 7 Lakhs 14. Minimum no. of Directors in case of a public company is __________ j) 1 b) 2 c) 3 d) 4 15. Minimum no. of Directors in case of private company is _______ k) 1 b) 2 c) 3 d) 4 16. The liability of members if company is limited by guarantee. l) Unpaid value of shares b) Guarantee amount m) Unlimited liability d) None of the above 17. The liability of members if company is limited by shares n) Unpaid value of shares b) Guarantee amount o) Unlimited liability d) None of the above 18. XYZ Company