Top 50+ Solved Promoters MCQ Questions Answer
From 1 to 8 of 8
Q. ______ conceives the idea of the business
a. Promoters
b. Directors
c. Auditors
d. None of the above
Q. _______stands in the fiduciary position of the company
a. Directors
b. Promoters
c. Auditors
d. None of the above
Q. ______ are the contracts entered into by promoters on behalf of a prospectus company.
a. Provisional contracts
b. Pre Incorporation contracts
c. Preliminary contracts
d. Both a) & b)
Q. Contracts made after incorporation but before the grant of Certificate of commencementof Business _____
a. Provisional contracts
b. Pre incorporation contracts
c. Preliminary contracts
d. Both (b) & (c)
Q. Pre incorporation contract is also known as _________
a. Provisional
b. Preliminary
c. illegal
d. legal
Q. A public company can borrow money ___________
a. before incorporation
b. Soon after incorporation
c. after issuing a proposal
d. after obtaining certificate to commerce business.
Q. A private company can borrow funds
a. after incorporation
b. after obtaining certificate to commerce business
c. after holding first annual general meeting
d. None of the above
Q. A promoter is a person who
a. is a director.
b. is a relative of the company.
c. is a wellwisher of the company.
d. takes part in the companys incorporation.
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