Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Formation of a Company Class 11 Business Notes Quiz

14 Questions

0 Views

Formation of a Company Class 11 Business Notes Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the function of a promoter in the formation of a company?

Managing day-to-day operations

Conceiving a business idea and taking initiative to form a company (correct)

Approving the company name

Selling shares to the public

What is the first stage in the formation of a company?

Commencement of business

Promotion (correct)

Capital subscription

Incorporation

What does 'separate legal entity' mean in the context of a company?

The company has perpetual succession

The company's legal status is independent of its members (correct)

The company has unlimited liability

The company can have multiple business names

What is the capital of a company divided into?

'Shares' Signup and view all the answers

What is one of the feasibility studies performed by the promoters in the formation of a company?

Technical feasibility study Signup and view all the answers

Why does every company have to get its name approved from the registrar of companies?

To avoid conflicts with other companies' names Signup and view all the answers

What is the principal document of a company?

Memorandum of Association (MOA) Signup and view all the answers

What does MOA stand for in the context of company formation?

Memorandum of Association Signup and view all the answers

Who appoints professionals like auditors and mercantile banks for a company?

Promoters Signup and view all the answers

What is the purpose of a prospectus in the context of raising funds for a company?

Inviting the public to apply for purchase of shares or debentures Signup and view all the answers

Who is responsible for disclosing all material facts to SEBI in India?

Companies Signup and view all the answers

Why is alteration in the Memorandum of Association possible?

To adapt to changing business needs and circumstances Signup and view all the answers

What is the significance of the Doctrine of outdoor management in relation to a company's operations?

It defines the boundaries within which a company can operate Signup and view all the answers

Who signs the Memorandum of Association in the case of a private company?

At least two persons Signup and view all the answers