Joint Stock Company(Commerce ) Questions and Answers

Question 1. Which of the following is an Artificial Person
  1.    Company
  2.    Firm
  3.    Human
  4.    HUF
Explanation:-
Answer: Option A. -> Company
Question 2. Stocks issued by companies with LOTS of stock
  1.    Defensive Stocks
  2.    Large Cap Stocks
  3.    Small Cap Stocks
  4.    Penny Stocks
Explanation:-
Answer: Option B. -> Large Cap Stocks
Question 3. Stocks that tend to be fine, even when markets are bad
  1.    Defensive Stocks
  2.    Large Cap Stocks
  3.    Small Cap Stocks
  4.    Penny Stocks
Explanation:-
Answer: Option A. -> Defensive Stocks
Question 4. Stocks issued by companies expected to succeed
  1.    Growth Stocks
  2.    Income Stocks
  3.    Blue Chip Stocks
  4.    Cyclical Stocks
Explanation:-
Answer: Option A. -> Growth Stocks
Question 5. Stocks that typically reflect market conditions are
  1.    Growth Stocks
  2.    Income Stocks
  3.    Blue Chip Stocks
  4.    Cyclical Stocks
Explanation:-
Answer: Option D. -> Cyclical Stocks
Question 6. Liability od Share holder is
  1.    Unlimited
  2.    Limited
  3.    Is decided at the time of winding Up
  4.    None of these
Explanation:-
Answer: Option B. -> Limited
Question 7. People who wanted to reform the Anglican Church
  1.    Separatists
  2.    Puritans
  3.    Indentured Servant
  4.    Charter
Explanation:-
Answer: Option B. -> Puritans
Question 8. Economy where mother country establishes colonies as a source of raw materials and markets
  1.    Joint Stock Company
  2.    Salutary Neglect
  3.    Mercantilism
  4.    Colony
Explanation:-
Answer: Option C. -> Mercantilism
Question 9. Rules and regulations for internal Management are given in
  1.    AoA
  2.    MoA
  3.    Prospectus
  4.    Government rules
Explanation:-
Answer: Option A. -> AoA
Question 10. A laborer who agrees to work with no pay for a period of time in exchange for passage to America
  1.    Indentured Servant
  2.    Colony
  3.    Burgesses
  4.    Puritans
Explanation:-
Answer: Option A. -> Indentured Servant
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