Question : Minimum subscription amount of 90% is related to which share capital..........
Option 1: Authorised Capital, Nominal capital
Option 2: Issued Capital and subscribed capital
Option 3: Called up and Paid up Capital
Option 4: Reserve Capital
Correct Answer: Authorised Capital, Nominal capital
Solution : Answer = Authorized Capital, Nominal capital
The minimum subscription amount of 90% is related to the Authorized Capital or Nominal Capital. Authorized capital refers to the maximum amount of share capital that a company is authorized to issue, and the minimum subscription amount ensures that at least 90% of this authorized capital is subscribed by investors. Hence, the correct option is 1.
Question : Arrange the following in proper sequence as a type of share capital :
(a) Paid up Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Called up Capital
Option 1: Issued, Called-up, Paid-up, Subscribed
Option 2: Issued, Paid-up, Subscribed, Called-up
Option 3: Issued, Subscribed, Called-up, Paid-up
Option 4: None of the above
Question : Authorised share capital is also known as:
Option 1: Called up Capital
Option 2: Issued Capital
Option 3: Reserve Capital
Option 4: Nominal Capital
Question : The total amount of equity and liability Includes-
Option 1: Authorised Capital
Option 3: Called up Capital
Option 4: Subscribed Capital
Question : Which of the following capitals is missing from the Balance Sheet of a company?
Option 2: Called & Paid up capital
Option 3: Issued and subscribed capital
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
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile