Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

A. 2 and 7

B. 2 and 10

C. 7 and 50

D. 2 and 20

A. Restriction of share transfer rights

B. Limited number of members

C. Appointment of auditor

D. Public invitation for purchase of shares

A. 10

B. 7

C. 5

D. 2

A. It allows transfer of shares to its members

B. It can invite the public to buy shares

C. Share allotment cannot take place until the subscription is approved or paid

D. It cannot issue share warrant

A. By registration

B. By contract

C. Under circumstances

D. Succession by rule

A. The division of work only

B. The division of departments only

C. The relationship between the superiors and the subordinates

D. All the above

A. The insurance of goods in transit

B. The processing of goods

C. The transit of goods

D. The auction of goods damaged in transit

A. D/A

B. Letter of Credit

C. D/P

D. Foreign Bill of Exchange

A. Line authority

B. Staff authority

C. Informal authority

D. All of the above

A. Public Company

B. Private Company

C. Government Company

D. Statutory corporation