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SPCC MCQ

Board Question Paper : March 2022 · Gujarat Board (GSEB) STD 12 Commerce (GSEB - English Medium). 20 questions.

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20 questions · timed · auto-graded

MCQ 11 Mark
Which meeting is mandatory to be called as per the companies Act?
  • ✓
    Annual General Meeting
  • B
    Statutory Meeting
  • C
    Extraordinary Meeting
  • D
    Board of Directors Meeting
Answer
Correct option: A.
Annual General Meeting
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MCQ 21 Mark
Within how many days should the appointment of a liquidator be informed to the Income Tax Officer?
  • A
    $15$ days
  • ✓
    $30$ days
  • C
    $7$ days
  • D
    $14$ days
Answer
Correct option: B.
$30$ days
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MCQ 31 Mark
The member appointed by other person to be present and vote in the meeting on his behalf is known as $.........$
  • ✓
    proxy
  • B
    chairman
  • C
    secretary
  • D
    the member of company
Answer
Correct option: A.
proxy
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MCQ 41 Mark
The person who is selected by the members to conduct the meeting is known as $.........$
  • ✓
    chairman
  • B
    KMP
  • C
    secretary
  • D
    director
Answer
Correct option: A.
chairman
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MCQ 51 Mark
Personality of the company is $.........$
  • A
    combined
  • B
    individual
  • ✓
    artificial
  • D
    has no personality
Answer
Correct option: C.
artificial
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MCQ 61 Mark
What is the minimum number required as directors in a public company?
  • A
    $2$
  • B
    $4$
  • ✓
    $3$
  • D
    $5$
Answer
Correct option: C.
$3$
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MCQ 71 Mark
Which document is issued by the company to collect capital?
  • A
    Share certificate
  • ✓
    Prospectus
  • C
    Article of association
  • D
    Memorandum of Association
Answer
Correct option: B.
Prospectus
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MCQ 81 Mark
What is the name of the agreement between a company and debenture holders?
  • ✓
    Debenture Trust Deed
  • B
    The Agreement of Acquiring Trust
  • C
    The Agreement of Guarantor
  • D
    The Agreement of Protection of Rights
Answer
Correct option: A.
Debenture Trust Deed
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MCQ 91 Mark
Who can demand liquidation of the company?
  • A
    Shareholder
  • ✓
    Debenture holder
  • C
    Registrar
  • D
    Public
Answer
Correct option: B.
Debenture holder
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MCQ 101 Mark
If shareholder dies without making will and has no successor $.........$
  • A
    Government will forfeit the shares
  • B
    Company will forfeit the shares
  • ✓
    Court will appoint administrator
  • D
    Shares will be transferred to a charitable trust
Answer
Correct option: C.
Court will appoint administrator
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MCQ 111 Mark
For a shareholder shares are $........$
  • ✓
    movable assets
  • B
    responsibility
  • C
    cash asset
  • D
    immovable asset
Answer
Correct option: A.
movable assets
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MCQ 121 Mark
Which of the following is not included in the procedure for share application and share allotment?
  • A
    Opening of a bank account
  • B
    Receiving share application
  • C
    Classification of share application
  • ✓
    Surrender of share
Answer
Correct option: D.
Surrender of share
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MCQ 131 Mark
How much minimum percentage of the face value to be called up as share application money?
  • ✓
    $5 \%$
  • B
    $10 \%$
  • C
    $12 \%$
  • D
    $15 \%$
Answer
Correct option: A.
$5 \%$
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MCQ 141 Mark
Which allotment of share is void from the very beginning?
  • A
    Irregular
  • ✓
    Illegal
  • C
    Before public issue
  • D
    Private placement
Answer
Correct option: B.
Illegal
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MCQ 151 Mark
Which of the following type is not included from the point of view of medium of expression in presentation?
  • A
    Oral
  • B
    Written
  • ✓
    Listening
  • D
    Power Point Presentation
Answer
Correct option: C.
Listening
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MCQ 161 Mark
How many main forms of $E-$communication are taken into consideration?
  • ✓
    $6$
  • B
    $5$
  • C
    $4$
  • D
    $3$
Answer
Correct option: A.
$6$
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MCQ 171 Mark
In which insurance policy an insured get protection to meet the expenses of treatment/drugs/ surgery during his own sickness?
  • A
    Wholc life Policy
  • ✓
    Mediclaim Policy
  • C
    Endowment Policy
  • D
    Marine Insurance Policy
Answer
Correct option: B.
Mediclaim Policy
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MCQ 181 Mark
If workload in one department of the company exceeds another then, in which process are the employees involved?
  • A
    Promoted
  • B
    Resign
  • ✓
    Transferred
  • D
    Demoted
Answer
Correct option: C.
Transferred
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MCQ 191 Mark
Fire brigade service is called which of the following scrvices?
  • A
    Private
  • ✓
    Public
  • C
    Government
  • D
    Semi$-$government
Answer
Correct option: B.
Public
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MCQ 201 Mark
How is the amount written in bank correspondence?
  • A
    In figure
  • B
    In words
  • ✓
    In figure and words
  • D
    In Roman letters
Answer
Correct option: C.
In figure and words
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MCQ - SPCC STD 12 Commerce Questions - Vidyadip