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MCQs for CBSE Class 11 Business Studies Chapter 7: This article presents essential Multiple-Choice Questions for CBSE Class 11 Business Studies Chapter 7, Formation of a Company. You can also find attached a PDF download link for future reference. The class 11 Business Studies textbook has been divided into two parts. MCQs for Part 1 have been covered in the previous articles, links to which have been attached further in the article. Now, we have prepared a list of MCQs for CBSE Class 11 Business Studies Part 2 (Corporate Organization, Finance, and Trade), Chapter 1, Formation of a Company.
MCQs can be difficult to answer accurately. Good preparation is required to score well in MCQs. We have listed down a few sources of preparation that can assist you to solve MCQs correctly:
- Take Mock Tests
- Practise previous-year question papers
- Practise Sample Paper
- Practise questions from Question Banks
- Focus on important topics
- Practise multiple types of MCQs
Related:
CBSE Class 11 Business Studies Revised Syllabus 2023-2024 (PDF)
MCQs for CBSE Class 11 Business Studies Chapter 1
MCQs for CBSE Class 11 Business Studies Chapter 2
MCQs for CBSE Class 11 Business Studies Chapter 3
MCQs for CBSE Class 11 Business Studies Chapter 4
MCQs for CBSE Class 11 Business Studies Chapter 5
MCQs for CBSE Class 11 Business Studies Chapter 6
MCQs for CBSE Class 11 Business Studies Chapter 7 Formation of a Company
MCQs for CBSE Class 11 Business Studies Chapter 7 Formation of a Company have been presented below for students of the 2023-2024 batch. Since your final exams are just around the corner, it becomes important for the aspirants to practice from as many study materials as possible. You can also check the PDf download link attached below for your reference. The link has free access for all the students who would like to save the list of MCQs for future reference.
1.Which of the following are the functions of a promoter?
(a) Appointment of professionals
(b) Feasibility studies
(c) Name approval
(d) All of the above
Answer. d) All of the above
2.Which of the following document is to be submitted for getting the company registered?
(a) Memorandum of Association
(b) Articles of Association
(c) Both a & b
(d) None of the above
Answer. c)Both a and b
3.________are neither the agents nor the trustees of the company
(a) Registrar
(b) Registree
(c) Promoters
(d) Preliminary Contracts
Answer. c) Promoters
4.Choose the correct steps for raising funds from the public.
(i) SEBI Approval
(ii) Minimum subscription
(iii) Appointment of brokers, bankers, underwriters
(iv) Application to the stock exchange
(v) Filing of the prospectus
(vi) Allotment of shares
a) i>iii>iv>vi>ii>v
b) i>ii>iii>iv>v>vi
c) i>vi>iv>iii>ii>v
d) i>v>iii>ii>iv>vi
Answer. d) i>v>iii>ii>iv>vi
5.What does DIN stand for?
(a) Director Identification Number
(b) Direction Identification Number
(c) Document Identification Number
(d) Drug Identification Number
Answer. a) Director Identification Number
6.When was One Person Company?
(a) 2013
(b) 2005
(c) 2009
(d) 2020
Answer. a) 2013
7.As per the SEBI guidelines, the minimum subscription has to be 90% of the shares to be issued to be public.
(a) True
(b) False
(c) Partially true
(d) Partially false
Answer. a) True
8.____defines relationship of the company with the outsiders
(a) Articles of Association
(b) Memorandum of Association
(c) Both (a) & (b)
(d) None of the above
Answer. b) Memorandum of Association
9.Contracts signed by promoters with third parties before the incorporation of the company is called---
(a) Preliminary Contracts
(b) Provisional Contracts
(c) Memorandrum of Association
(d) Articles of Association
Answer. a) Preliminary contracts
10.Promoter is a person who---
(a) Who has been named as such in a prospectus?
(b) Who is identified by the company in the annual return referred to in section 92
(c)Who has control over the affairs of the company, directly or indirectly whether as a shareholder, director, or otherwise
(d)All of the above
Answer. d) All of the above
11.Different Clauses of Memorandum of Association are:
(a) Name clause
(b) Objects Clause
(c) Liability clause
(d) All of the above
Answer. d) All of the above
To download MCQs for Class 11 Business Studies Chapter 7, click on the link below
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