Question : The liability of a shareholder is limited to _________ of the shares allotted to him.
Option 1: Paid up value
Option 2: Called up value
Option 3: Face value
Option 4: Reserve price
Correct Answer: Face value
Solution : Answer = Face value
Liability of its members is limited to the value of shares subscribed by them or the amount guaranteed to be paid at the time of winding up in the case of companies limited by guarantee. However, in the case of companies incorporated with unlimited liabilities, the liabilities of members are unlimited.
Question : Relationship between two figures, expressed in arithmetical terms is called -------
Option 1: Percentage
Option 2: Ratio
Option 3: Ratio analysis
Option 4: None of the above
Question : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question : ---------------may be expressed as an arithmetical relationship between two accounting variables.
Option 1: Ratio
Option 2: Accounting ratio
Option 3: Ratio Analysis
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