Question9:-For a company which employed a managing director or whole-time
director, maximum limit of remuneration for ordinary director is

A:-1% of net profit

B:-2% of net profit

C:-3% of net profit

D:-5% of net profit

Correct Answer:- Option-A
Question10:-Auditor of a government company is appointed by

A:-Ministry of corporate affairs

B:-President

C:-Comptroller and Auditor General

D:-Central Government

Correct Answer:- Option-C

Question11:-Which among the following are considered as valid forms of prospectus
| : Red-Herring prospectus

١١ : Shelf prospectus

Ill: Any notice or circulars inviting offers from public

A:-l and Il only

B:-I and III only

C:-Il and Ill only

0:-1, || ۱۷۱

Correct Answer:- Option-D

Question12:-Which among the following statements regarding share warrants are
correct.

Statement | : It can be issued only when shares are fully paid.

Statement Il : It can not be transferred by mere delivery.

A:-l only

B:-Il only

C:-None of the above
D:-Both | and Il

Correct Answer:- Option-A

Question13:-With regard to the following statements about book keeping, choose
the most appropriate answer.

Statement | : Job of a book keeper is basically analytical in nature.

Statement Il : Book keeper does not check and supervise the work of accountant.

A:-Statement | is true and Statement II is false
B:-Statement | is false and Statement II is true
C:-Both statements are true

D:-Both statements are false