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Chapter 13 of 15
Practice Quiz

Company : An Introduction — Practice Quiz

Telangana Open School (TOSS) · Class 12 · Accountancy

Try a 4-question quiz on Company : An Introduction for Telangana Open School (TOSS) Class 12 Accountancy: tap an answer to check it and see why.

55 questions30 flashcards3 formulas & key relations5 concepts

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Quick Quiz: Company : An Introduction

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1

What does the suffix 'Ltd.' in a company's name indicate?

2

Which of the following is an artificial legal person?

3

What is the minimum number of members required to form a private company?

4

Which type of company has unlimited liability?

55 Questions·
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Sample Questions

1multiple choice
1 marks

What is the face value of a share also known as?

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Nominal value

The face value of a share is also called its nominal or par value.

2multiple choice
1 marks

Which of the following companies is formed by a Special Act of Parliament?

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Statutory company

Statutory companies are created by a special act of Parliament or state legislature, like RBI or LIC.

3multiple choice
1 marks

What is the minimum paid-up capital for a private company?

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₹1 lakh

As per the Companies Act, a private company must have a minimum paid-up capital of ₹1 lakh.

4multiple choice
1 marks

Which of the following is NOT a characteristic of a company?

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Unlimited liability

Companies generally have limited liability. Unlimited liability is a feature of sole proprietorship or partnership.

+51 more questions on Company : An Introduction (Telangana Open School (TOSS) Class 12 Accountancy)

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Frequently Asked Questions

What are the important topics in Company : An Introduction for Telangana Open School (TOSS) Class 12 Accountancy?
Key topics in Company : An Introduction include Meaning and Characteristics of a Company, Types of Companies, Shares and Share Capital, Issue of Shares and Debentures. Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How many practice questions are there for Company : An Introduction?
There are 55 questions on Company : An Introduction. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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