1.
Who manages a joint stock company?
Answer : A. Its Board of Directors
2.
All of the following totals would be included in a company's profit and loss account,except
Answer : D. Value of premises owned by the company
3.
The Profit and loss of a partnership concern is shared among the partners
Answer : B. in agreed ratio
4.
Globalisation of indian economy means
Answer : D. having minimum possible restrictions on economic relations with other countries
5.
The costs, which do not vary with changes in a firm's output, are known as
Answer : A. Fixed costs
6.
The maximum number of shareholders in a private limited company is
Answer : B. 50
