Joint Stock Company — Practice Quiz
ICSE · Class 9 · Commercial Studies
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Quick Quiz: Joint Stock Company
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What is a joint stock company?
Which feature of a company means that its existence is not affected by the death of members?
What is the minimum number of members in a public company?
What is the maximum number of members in a private company?
Sample Questions
Which statement about company registration is correct?
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Company registration is compulsory
A company must be registered under the law.
Which law governs companies in India?
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The Companies Act, 2013
Companies in India are governed by the Companies Act, 2013.
Which of the following is a feature of a joint stock company?
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Separate legal existence, Perpetual succession, Common seal
A company has separate legal existence, perpetual succession, and a common seal. Unlimited joint liability is a feature of partnership, not a company.
What is the liability of a company member generally limited to?
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Face value of shares held or amount of guarantee given
A member’s liability is generally limited to the face value of shares held or the amount of guarantee given.
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