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A) A business plan is often prepared by an existing company to ensure that growth is properly managed b) A business plan is usually not required when obtaining financing for a startup c) If a business plan is completed for a startup, it may help the entrepreneur avoid costly mistakes MCQ's On Indian Partnership Act , 1932 1 Under Section 2(b) of the Indian Partnership Act, 'business' Includes (a) every trade and occupation (b) every occupation and profession (c) every trade, occupation and profession (d) every trade and profession AnsC 2 State which of the statements is true? Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 7 Formation of a Company with Answers Pdf free download MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern We have provided Formation of a Company Class 11 Business Studies MCQs Questions with Answers to help students
The private company requires conversion of a public company into a _____ A an ordinary resolution B a special resolution C a special resolution and union governments approval D a special resolution and company law board approval ANSWER C 52 A private company is to become a public company if its average turnover in the previous threeCommittees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies (i e private limited companies, foreign companies and companies under Section 25 of the Companies Act, etc) shall be excluded iii A company must have a registered office from the day on which it commences business or 30th day after its incorporation_____ which ever is earlier MCQ'S QUESTION BANK IN LAW/B14_____7 8 WWWGNTMASTERMINDSCOM 24
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A) Expenditure for the business b) Cost for the business c) Gain for the business d) None of the above 37 Goods given as samples should be credited to a) Advertisement account b) Sales account c) Purchase account d) None of the above 38 Outstanding salaries are shown as a) Added to Salaries while preparing P & La/cQuestions Free Download as PDF of Company Law Questions with Answers as per exam pattern, to help you in day to day learning We provide all important questions and answers for all Exam 13 Where a company has three directors, the maximum remuneration payable to all of them is ________% of the annual net profit A 5 Certificate of Incorporation is conclusive evidence of the legal existence of the company A private company can commence its business after receiving a Certificate of Incorporation The certificate of incorporation is the birth certificate of the company Question 2 Explain the contents of Memorandum of Association Answer
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