1
When a company sells shares to existing shareholders at preferential rate, that is called?
A Rights issue
B Bonus issue
C Private placing
D Sale by auction
↪ Answer
Correct Option: A
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2
Which of the following must be include in the Articles of Association?
A Voting rights of the shareholders
B The objects of the business
C The address of the registered office
D Statement that liability is limited
↪ Answer
Correct Option: A
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3
Which of the following enables production to take place ahead of demand?
A Transporting
B Advertising
C Importing
D warehousing
↪ Answer
Correct Option: D
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4
Called-up capital is the amount?
A paid on allotment
B paid ontirstcall
C paid on appilication
D demanded on shares issued
↪ Answer
Correct Option: A
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5
Which of the following is true about cumulative preference shares?
A Any unpaid dividend is carried forward
B The shareholders can obtain a capital refund
C They are entitled to further share in profit
D Any unpaid dividend is forfeited
↪ Answer
Correct Option: A
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6
A public limited company has the rights and duties of an individual because it?
A has a board of directors
B has a trading certificate
C has corporate status'
D has a memorandum of association
↪ Answer
Correct Option: C
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7
The total indebtedness of a business is the same as its
A liabilities
B liquid capital
C solvency
D capital employed
↪ Answer
Correct Option: A
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8
All activities involved in the distribution and exchange of goods and services are referred to as?
A Trade
B Market survey
C Advertising
D Commerce
↪ Answer
Correct Option: D
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9
Land as a factor of production comprises?
A all resources provided by nature
B the earth surface only
C land surface and vegetation
D efforts to exploit the earth
↪ Answer
Correct Option: A
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10
Goods are usually classified into?
A saleable and nonisaleable good
B inferior and superior goods
C luxurious and essential goods
D producer and consumer goods
↪ Answer
Correct Option: D
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