Question : Choose which of the following statements is true?

Option 1: Debentures Redemption Reserve is set aside by a company out of amount available for payment of dividend.

Option 2: General Reserve can be transferred to Debentures Redemption Reserve.

Option 3: Both 1 and 2

Option 4: None of the Above 

Question : Kavya ltd. prepared budget in its Annual general meeting for the year 2016-17. What kind of plan is it?

Option 1: Single use plan 

Option 2: Standing plan 

Option 3: Objective plan 

Option 4: None of the above

Question : Which among the following was set up in 1956 by the Indian Government by nationalising all the existing private sector life insurance companies?

Option 1: United India Insurance Company Limited

Option 2: General Insurance Corporation of India

Option 3: New India Assurance Company Limited

Option 4: Life Insurance Corporation of India

Question :  ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.

Option 1: Restricted Fund

Option 2: General fund

Option 3: Capital Fund

Option 4: None of the above

Question : The law permits a Company to offer 2,00,000 shares for sale for Rs.2 per share. The general public purchased three-quarters (3/4) of these shares. How much issued share capital is there?

Option 1: 4,00,000

Option 2: 5,00,000

Option 3: 1,00,000

Option 4: 3,00,000