1. Liability of a member in case of a private company is 

(a) Limited 
(b) Unlimited 
(c) Both (a) or (b) 
(d) None of the above



2. Maximum no. of persons in case of partnership banking business ______ 

(a) 10 
(b) 20 
(c) 30 
(d) 5



3. Minimum paid up share capital in case of a private company is _______ 

(a) 1 Lakh 
(b) 2 Lakhs 
(c) 3 Lakhs 
(d) 4 Lakhs



4. Minimum paid up share capital in case of a public company is ________ 

(a) 1 Lakh 
(b) 3 Lakhs 
(c) 5 Lakhs 
(d) 7 Lakhs



5. Minimum number of Directors in case of a public company is __________ 

(a)
(b)
(c)
(d) 4



6. Minimum number of Directors in case of private company is _______ 

(a)
(b)
(c)
(d) 4



7. Age limit of Directors in case of public company is ______ 

(a) 65 
(b) 70 
(c) 75 
(d) 80



8. Age limit of Directors in case of private company is _________ 

(a) 65 
(b) 70 
(c) 75 
(d) No limit



9. The company’s nationality is decided by its 

(a) Shareholders 
(b) Registered office 
(c) Place at books of accounts are kept 
(d) None of the above



10. The liability of members if company is limited by guarantee. 

(a) Unpaid value of shares 
(b) Guarantee amount 
(c) Unlimited liability 
(d) None of the above