Department of Commerce, University of the Punjab

(Jhelum Campus)
Class Quiz
Subject: Introduction to Business Time Allowed: 15 minutes
st
Class: B.Com (Hons.) 1 Semester (E) Maximum Marks: 10
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Name: ___________________________ Roll#________________
Q.1. (a) Select the correct answer
1. After incorporation the company must hold annual general meeting within
a. Fifteen months
b. Twenty months
c. Eighteen months
d. None of the above
2. The representative selected by the majority of shareholders are called
a. Promoters
b. Directors
c. Minor shareholder
d. None of the above
3. The first meeting of the company’s shareholders is
a. Statutory meeting
b. Annual general meeting
c. Extraordinary meeting
d. All of the above
4. Formal declaration of will and wish in the meeting of the company is called
a. Directors meeting
b. resolution
c. extraordinary meeting
d. none of the above
5. when liquidators can perform their duties properly then company will wound up under
a. Court order
b. Voluntary dissolution
c. The supervision of the court
d. All of the above
6. Simple majority of member pass the resolution in any annual general meeting
a. Ordinary resolution
b. Special resolution
c. Extraordinary resolution
d. All of the above
7. First directors are mostly appointed by
a. Shareholders
b. Creditors
c. Directors
d. Promotors
8. Condition in which direct do not have to vacant his seat
a. when he becomes unsound mind
b. when he represents creditor
c. when he fails to purchase his qualification shares
d. when he declare insolvent
9. Generally the interval between two annual general meeting are
a. Eighteen months
b. Fifteen months
c. Sixteen months
d. Fourteen months
10. For extraordinary resolution notice with details are sent to each shareholder before
a. Sixteen days
b. Twenty one days
c. Fourteen days
d. Eleven days