Question : Who manages the affairs of the company on the behalf of shareholders?

Option 1: Managers

Option 2:

CEO and CFO

Option 3:

Board of Directors

Option 4: Members

Question : The Current Ratio of a company is 2:1. State, that the following transaction would improve, reduce or alter the current ratio.

Issue of new shares against the purchase of fixed assets.

Option 1:

Improve

Option 2:

Reduce

Option 3:

Alter

Option 4: Not alter

Question :

Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities  Rs 40,000. Calculate the value of inventory.

Option 1: Rs.40,000

Option 2: Rs.20,000

Option 3: Rs.10,000

Option 4:

Rs.22,000

Question : All the affairs of the company are governed by the provisions of the______.

Option 1: Companies Act, 1956

Option 2: Companies Act, 2013

Option 3:

Companies Act, 2017

Option 4:

Companies Act, 2015

Question : The Current Ratio of a company is 2:1 . State, that the following transaction would improve, reduce or alter the current ratio.

Purchasing goods on credit.

Option 1: Improve

Option 2: Reduce

Option 3:

Alter

Option 4:

None of the above