Questions:
1. The Securities and Exchange Commission of Pakistan is responsible for the performance of the following functions, EXCEPT:
a. Regulating the issue of securities
b. Regulating the business in Stock Exchanges
c. Supervising and monitoring the activities of banks
d. Registering and regulating the working of stock brokers
2. Which of the following is not a characteristic of partnership?
a. It is a legal entity
b. There is no agreement
c. There must be at least two partners
d. Each partner is agent of other partners
3. The chief executive of a Non-Banking Finance Company may holds the office:
a. For one year
b. For two years
c. For three years
d. Not exceeding three years
4. Which shares are entitled to a fixed rate of dividend?
a. Equity Shares
b. Preferred Shares
c. Deferred Shares
d. Bonus Shares
5. All of the following cannot be a part of "firm name", EXCEPT:
a. Government
b. Quaid-e-Azam
c. Pakistan
d. United nations
6. In case of private company, the memorandum of association is required to be subscribed by at least _____.
a. One person
b. Three persons
c. Five persons
d. Ten persons
7. When a partnership is formed for an unlimited period, it is called _______.
a. Unlimited partnership
b. Limited partnership
c. General partnership
d. Partnership-at-will
8. In which of the following situations, the certificate of incorporation is Not issued?
a. On registration of a company
b. On the change of the name of a company
c. On the request of a person on payment of fee
d. On winding up the company
9. Which of the following is NOT true about corporation?
a. It is a separate legal entity
b. It is an artificial person
c. Liability of members is unlimited
d. It has legal capacity to sue in its own name
10. According to Companies Ordinance, 1984, __________ shall stand retired from office at the first annual general meeting of the company.
a. All the directors
b. None of the directors
c. Half the directors
d. One-third the directors