Business And Commerce - Study Mode

[#416] ___________ is a substitute for a companys signature.
Correct Answer

(C) Common Seal

Explanation

Solution: Common Seal is a substitute for a companys signature. Common Seal is the official signature of the company and each company shall have only one seal, on its incorporation. It is to be used in the manner prescribed in the Articles of Association and the Companies Act, 2013.

[#417] Control of management of the company mainly vests in __________.
Correct Answer

(A) equity shareholders

Explanation

Solution: Control of management of the company mainly vests in equity shareholders. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner's funds. They are the foundation for the creation of a company.

[#418] Public deposits obtained by a company means __________.
Correct Answer

(B) deposits received from public at large

Explanation

Solution: Public deposits obtained by a company means deposits received from public at large. Any member of the public can fill up the prescribed form and deposit the money with the company.

[#419] __________ were the pioneers of the co-operative movement.
Correct Answer

(B) Rochdale Society of Equitable Pioneers

Explanation

Solution: Rochdale Society of Equitable Pioneers were the pioneers of the co-operative movement.

[#420] The surplus generated by co-operatives is distributed in the form of ____________.
Correct Answer

(D) Dividend and bonus

Explanation

Solution: The surplus generated by co-operatives is distributed in the form of Dividend and bonus. A dividend is a payment made by a co-operatives to its members, usually as a distribution of profits. society divide bonus among its members in proportion to the volume of business done with the society by them.