Sujeet Kumar

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.A company usually opens _____________ account in a bank.(a) Current(b) Saving(c) RecurringAnswer:(a) Current Question 2.Bank is a _____________ institution.(a) financial(b) social(c) culturalAnswer:(a) financial Question 3.The appointment of banker is usually made by the _____________(a) Board of Directors(b) Secretary(c) ChairmanAnswer:(a) Board … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.Representatives of shareholders are ____________(a) directors(b) employees(c) servantsAnswer:(a) directors Question 2.The notice of the meeting of the Board of Directors must be accompanied by ____________(a) agenda(b) minutes(c) resolutionAnswer:(a) agenda Question 3.____________ looks after the management of a company.(a) Board of … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.Business communication is concerned with ____________ activities.(a) economic(b) business(c) socialAnswer:(b) business Question 2.Written communication is a ____________ record.(a) permanent(b) temporary(c) unauthorisedAnswer:(a) permanent Question 3.E-mail is ____________ mode of communication.(a) fastest(b) slowest(c) costliestAnswer:(a) fastest Question 4.A unique internet address of website … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.The secretary has to prepare ____________ before the meeting.(a) resolution(b) notice(c) minutesAnswer:(b) notice Question 2.General Meeting must have a notice of at least ____________ clear days.(a) 7(b) 21(c) 14Answer:(b) 21 Question 3.The gap between two annual general meetings should not … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.The intimation to members stating the day, date, time, and place of meeting is known as ______________(a) quorum(b) agenda(c) noticeAnswer:(c) notice Question 2.The notice of the general meeting must be sent to all members ______________ clear days before the meeting.(a) … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1._____________ comprises of a team of Directors.(a) Board of Directors(b) Board of Trustees(c) Board of ManagersAnswer:(a) Board of Directors Question 2._____________ can be a director.(a) An Individual(b) A Firm(c) A Body corporateAnswer:(a) An individual Question 3.Upto _____________ as maximum directors … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.____________ is a person whose name is entered in the Register of Members.(a) Member(b) Creditors(c) RegistrarAnswer:(a) Member Question 2.A person can be called as a Member when the name is entered in ____________(a) Register of charges(b) Register of Members(c) List … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.___________ is a primary document of the company which contains the aims and objectives of the company.(a) Memorandum of Association(b) Articles of Association(c) ProspectusAnswer:(a) Memorandum of Association Question 2.___________ describes the relationship between company and outsiders.(a) Memorandum of Association(b) Articles … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.A company is ____________(a) a human being(b) an artificial person created by law(c) a natural individualAnswer:(b) an artificial person created by law Question 2.____________ are the persons who undertake the process of formation of a company.(a) Promoters(b) Directors(c) Registrar of … Read more

1A. Select the correct answer from the options given below and rewrite the statements. Question 1.A sole proprietorship has ______________ owner/owners.(a) one(b) two(c) fiveAnswer:(a) one Question 2.The head of Joint Hindu Family Business is called as ______________(a) Proprietor(b) Director(c) KartaAnswer:(c) Karta Question 3.Indian Partnership Act was passed in the year ______________(a) 1923(b) 1932(c) 1956Answer:(b) 1932 … Read more