Share Capital MCQs (1-10)

1. The maximum amount of stock that may be issued according to the corporation’s charter is referred to as the?

(a) Authorized stock

(b) Issued stock

(c) Unissued stock

(d) Outstanding stock

Correct! Wrong!

2. Company receives more application than shares issued in?

(a) Under subscription

(b) Over subscription

(c) Nominal subscription

(d) Routine subscription

Correct! Wrong!

3. Ordinary shares are also called?

(a) Equity shares

(b) Founders shares

(c) Deferred shares

(d) Preference shares

Correct! Wrong!

4. If a share of Rs. 10 is issued at 10% premium, then issue price of share will be?

(a) Rs. 09

(b) Rs. 11

(c) Rs. 12

(d) Rs. 10

Correct! Wrong!

5. How many legal basic documents of a public company are?

(a) Two

(b) Three

(c) Four

(d) Five

Correct! Wrong!

6. The shares of a public limited company generally?

(a) Freely transferable

(b) Not transferable

(c) Restricted

(d) All of these

Correct! Wrong!

7. The sum of the par value of the shares of a company is called?

(a) Shares

(b) Working capital

(c) Reserve capital

(d) Share capital

Correct! Wrong!

8. Discount on issue of shares is a?

(a) Revenue loss

(b) Capital profit

(c) Capital loss

(d) Revenue profit

Correct! Wrong!

9. The face value of a share is also known as?

(a) Market value

(b) Par value

(c) Book value

(d) All of above

Correct! Wrong!

10. Shared offered to general public for contribution are called?

(a) Authorized shares

(b) Called up shares

(c) Issued shares

(d) Subscribed shares

Correct! Wrong!

1. The maximum amount of stock that may be issued according to the corporation’s charter is referred to as the?

2. Company receives more application than shares issued in?

3. Ordinary shares are also called?

4. If a share of Rs. 10 is issued at 10% premium, then issue price of share will be?

5. How many legal basic documents of a public company are?

6. The shares of a public limited company generally?

7. The sum of the par value of the shares of a company is called?

8. Discount on issue of shares is a?

9. The face value of a share is also known as?

10. Shared offered to general public for contribution are called?

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