Kinds of Company MCQs
Multiple Choice
Questions and Answers (MCQS)
Companies Act 2013
MCQs (2021 – 2022)
Given below are Kinds of company MCQs Multiple choice questions and answers updated for 2021 – 2022 exams. These kinds of company MCQS of Companies Act 2013 are useful for B.Com, BBA, M.Com, MBA, UGC – NET (NTA NET), CA – IPCC, CMA Intermediate, CS Foundation CSEET Exam and all other competitive exams of commerce stream students.
Choose the Correct Alternative:
1. Which one of the following is not a chartered company?
a) East India Company
b) Bank of England
c) British Broadcasting Corporation
d) Reliance Industries
Ans:
d) Reliance Industries
2. Companies established under special Act of the
parliament or any state legislature is known as:
a) Chartered Companies
b) Statutory Companies
c) Public Companies
d) Private Companies
Ans:
b) Statutory Companies
3. Minimum number of members in case of private company is:
a) 2 (Two)
b) 7 (Seven)
c) 50 (Fifty)
d) 200 (Two hundred)
Ans:
a) 2 (Two)
4. A private company cannot have more than:
a) 50 Members
b) 200 Members
c) 500 Members
d) 100 Members
Ans:
b) 200 Members
Also you can read Company Law Chapter wise MCQs together with some additional Questions:
1. Company Law MCQs (130+ Questions)
2. Formation of Companies MCQs
3. MCQ on Memorandum and Articles of Association
7. MCQ on Winding Up of A Company
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5. What is the limit of members in case of a private
company?
a) 50 Members
b) 200 Members
c) 500 Members
d) 100 Members
Ans:
b) 200 Members
6. Minimum number of members in case of public company
is:
a) 2 (Two)
b) 7 (Seven)
c) 50 (Fifty)
d) 200 (Two hundred)
Ans:
b) 7 (Seven)
7. Maximum number of members in case of public company
is:
a) 2 (Two)
b) 7 (Seven)
c) 50 (Fifty)
d) No Limit
Ans:
d) No Limit
(Hint:
Limited upto number of shares of the company)
8. The minimum number of directors in a private company
should be:
a) 2 (Two)
b) 7 (Seven)
c) 50 (Fifty)
d) No Limit
Ans:
a) 2 (Two)
9. Minimum number of directors in Public limited company
is:
a) 2 (Two)
b) 3 (Three)
c) 50 (Fifty)
d) No Limit
Ans:
b) 3 (Three)
10. Maximum no of directors in private company is:
a) 2 (Two)
b) 3 (Three)
c) 15 (Fifteen)
d) No Limit
Ans:
c) 15 (Fifteen)
11. Maximum no of directors in public company is:
a) 2 (Two)
b) 3 (Three)
c) 15 (Fifteen)
d) No Limit
Ans:
c) 15 (Fifteen)
12. A private company is one which by its articles:
a) Restricts the right to transfer its shares
b) Limits the number of its members to two hundred
c) Prohibits invitation to the public
d) All of the above
Ans:
d) All of the above
13. Minimum number of quorum in case of a private company
is:
a) 2 (Two)
b) 3 (Three)
c) 15 (Fifteen)
d) No Limit
Ans:
a) 2 (Two)
14. Minimum number of quorum in case of a public limited
company is
a) 2 (Two)
b) 3 (Three)
c) 5 (Five)
d) No Limit
Ans:
c) 5 (Five)
15.
A Government company is a company in which not less than _________ of the
paid-up share capital is held by central or state government or both.
a) 40%
b) 30%
c) 51%
d) 100%
Ans:
c) 51%
16. Which of the following are not treated as small companies?
a) A holding company or a subsidiary company
b) A company registered under Sec. 8
c) A company governed by any Special Act
d) All of the above
Ans:
d) All of the above
17. An association not for profit registered under the
Companies act 2013 popularly known as:
a) Section 8 Companies
b) Illegal association
c) Holding Companies
d) Subsidiary Companies
Ans:
a) Section 8 Companies
18. Under which sec. a private company can voluntarily
converted into public company?
a) Section 14 (1)
b) Section 15 (1)
c) Section 16 (1)
d) Section 17 (1)
Ans:
a) Section 14 (1)
19. Which company requires only one director?
a) Public Company
b) Private Company
c) One Person Company
d) Holding Company
Ans:
c) One Person Company
20. The minimum paid up share capital in case of a public
company and Private Company is:
a) 1 Lac
b) 5 Lacs
c) 10 Lacs
d) No limit on paid-up capital after companies amendment Act’ 2015
Ans:
d) No limit on paid-up capital after companies amendment Act’ 2015
21. Limited liability means liability of its members is:
a) Limited by guarantee
b) Unlimited liability
c) Limited upto the amount unpaid
d) None of the above
Ans:
c) Limited upto the amount unpaid
22. The shares of a _______________ company can be freely
transferable.
a) Public company
b) Private company
c) One person company
d) All of the above
Ans:
a) Public company
23. Which one of the following type of company requires
only one director?
a) Public company
b) Private company
c) One person company
d) All of the above
Ans:
c) One person company
24. A public limited company can offer pre-emptive rights
only to the:
a) Managing Directors
b) Shareholders
c) Promoters
d) Creditors
Ans:
b) Shareholders
25 Transfer of share in case of private company is restricted.
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