Page 1 - Home Assignment 7

SAI INTERNATIONAL SCHOOL

CLASSS XI

SUBJECT: BUSINESS STUDIES

CHAPTER -2, BUSINESS ORGANISATION,

Home Assignment 7, Topics: Joint Stock company, Features, Merits and types.

ASSIGNMENT

Multiple questions;

1. What is the legal status of a joint stock company under law:

(a) An artificial person
(b) A recognized enterprise
(c) A profit earning organization
(d) All of the above
2. A company is created:
(a) For social services
(b) Increasing industrialization
(c) For earning profits
(d) None of the above
3. The liability of shareholders is:

(a) Unlimited
(b) Limited
(c) As per borrowed amount
(d) All of the above
4. A public company is formed with a minimum number of:
(a) 10
(b) 7
(c) 6
(d) 4

5. A private company is formed with a minimum number of:
(a) 2
(b) 3
(c) 7
(d) 9
6. A Joint stock company can raise :
(a) Limited resources
(b) Moderate resources