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8. A Company may issue ……………….
(A) Equity Shares
(B) Preference Shares
(C) Equity and Preference both shares
(D) None of the Above

9.Equity shares cannot be issued for the purpose of :
(a) Cash Receipts (b) Purchase of assets
(c) Redemption of debentures (d) Distribution of dividend

10. A Company may issue _________
(a) Equity shares (b) Preference Shares
(c) Equity and Preference both shares (d) None of the above

11.A company cannot issue :
(a) Redeemable Equity Shares (b) Redeemable Preference Shares
(c) Redeemable Debentures (d) Fully Convertible Debentures

12.To whom dividend is given at a fixed rate in a company ?
(a) To equity shareholders (b) To preference shareholders
(c) To debentureholders (d) To promoters

13.The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend
is
fluctuating every year according to the availability of profits, such share are called
(a) Equity share (b) Non-cumulative preference share
(c) Non-convertible preference share (d) Non-guaranteed preference share

14. Preference shares, in case the holders of these have a right to convert their preference shares into
equity shares at their option according to the terms of issue, such shares are called :
(a) Cumulative Preference Share (b) Non-cumulative Preference Share
(c) Convertible Preference Share (d) Non-covertible Preference Share

15.A preference share which does not carry the right of sharing in surplus profits is called ___
(a) Non-Cumulative Preference Share (b) Non-participating Preference Share
(c) Irredeemable Preference Share (d) Non-convertible Preference Share

16.Which shareholders have a right to receive the arrears of dividend from future profits :
(a) Redeemable Preference Shares (b) Participating Preference Shares
(c) Cumulative Preference Shares (d) Non-Cumulative Preference Shar

17.Which shareholders are returned their capital after some specified time :
(a) Redeemable Preference Shares (b) Irredeemable Preference Shares
(c) Cumulative Preference Shares (d) Participating Preference Shares