Sunday, 9 February 2020

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6. Companies with shares available on stock market are called
(A) Listed Companies
(B) Unlisted Companies
(C) Stock Companies
(D) Equity-based Companies
7. Stock Exchange facilitates the business of
I. Company Formation
II. Company Regulation
III. Buying and Selling of Shares
(A) I only
(B) I and II only
(C) III only
(D) I, II and III
8. Death of a company is termed as
(A) Collapse
(B) Liquidation
(C) None of These
(D) A company cannot be dead
9. Sole Proprietorship is a kind of business that involves
(A) One Individual
(B) Two Individuals
(C) More than Two Individuals
(D) None of these
10. “Pacta sunt Servanda” means
(A) Promises must be kept
(B) Promises must be Broken
(C) Promises must not be Broken
(D) Promises are contracts by nature
ANSWERS: BUSINESS LAW QUIZ
6. (A) Listed Companies
7. (C) III only
8. (B) Liquidation
9. (A) One Individual
10. (A) Promises must be kept

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