1. What is the term company is defined under which sec of the Act?

A. Sec 3 (1)
B. Sec 4 (2)
C. Sec 2 (4)
D. None of the above

2. The property of the company belongs to?

A. Company
B. Share holders
C. Members
D. None of the above

3. Which company shares can be freely transferable?

A. Private Company
B. Public Company
C. Both (a) & (b)
D. None of the above

4. What is the minimum number of members in case of public company?

A. 1
B. 2
C. 5
D. None of the above

5. What is the minimum number of members in case of private company?

A. 1
B. 2
C. 3
D. None of the above

Answers:      1 (A), 2 (A), 3 (A), 4 (D), 5 (A)

More Practice Test at:

Apply for Certification

https://www.vskills.in/certification/Business-Law-Certification