Question : Name the head of Capital Clause of Memorandum of Association of a company in which the maximum amount of share capital mentioned is called______________.

Option 1: Reserve Capital

Option 2: Subscribed Capital

Option 3: Authorised Capital

Option 4: Issued Capital

Question : Authorised Capital means-

Option 1: It is the minimum amount of capital which the company is, for the time being, authorised to raise

Option 2: It is the maximum amount of capital which the company is, for the time being, authorised to raise

Option 3: It is the Pro-rata amount of capital which the company is, for the time being, authorised to raise

Option 4: None of the above

Question : Which of the following assertions is accurate?

Option 1: Authorised Capital < Issued Capital

Option 2: Authorised Capital > Issued Capital

Option 3: Paid up Capital > Issued Capital

Option 4: None of the above

Question : Which of the following capitals is missing from the Balance Sheet of a company?

Option 1: Authorised Capital

Option 2: Called & Paid up capital

Option 3: Issued and subscribed capital

Option 4: Reserve Capital

Question : Authorised Capital means-

Option 1: It is the minimum amount of capital which the company is, for the
time being, authorised to raise

Option 2: It is the maximum amount of capital which the company is, for the
time being, authorised to raise

Option 3: It is the Pro-rata amount of capital which the company is, for the
time being, authorised to raise.

Option 4: None of the above