Class 12 Secretarial Practice – Daily Revision MCQ (English Medium)
This is the set for 26 October 2026. Solve today's MCQs →
Timed quiz: 15 seconds per question, the next one loads by itself when time runs out. Or solve without the timer: tap an option, right turns green, wrong turns red. 10 new questions every morning at 8.
Or scroll down and solve without the timer.
Capital invested in land and building, furniture, plant and machinery, which stays in the business for a long period, is called:
Chapter 1: Introduction to Corporate Finance
Show answer
Answer: B. Fixed capital
Fixed capital is used to buy fixed assets that are used for a long time and are not meant for resale.A company must appoint a Debenture Trustee if it offers debentures to more than how many people?
Chapter 2: Sources of Corporate Finance
Show answer
Answer: C. 500
The textbook says a company offering debentures to more than 500 people has to appoint a Debenture Trustee, through whom it deals with debentureholders.Bonus shares are:
Chapter 3: Issue of Shares
Show answer
Answer: A. fully paid shares given free to existing equity shareholders
Bonus shares are fully paid shares issued free to existing equity shareholders in proportion to their shareholding, usually by financially sound companies.Why do debentureholders normally NOT get voting rights in the company's general meetings?
Chapter 4: Issue of Debentures
Show answer
Answer: B. Because they are creditors of the company
A debenture is a loan taken by the company, so debentureholders are its creditors and a company cannot issue debentures with voting rights.A company can accept a deposit in joint names, but with not more than how many names?
Chapter 5: Deposits
Show answer
Answer: D. 3
Deposits may be accepted in joint names of depositors, but there should not be more than 3 names.Which are the two depositories in India?
Chapter 9: Depository System
Show answer
Answer: C. NSDL and CDSL
India has a multi-depository system with two depositories: NSDL (1996) and CDSL (1999).To convert physical share certificates into electronic form, the investor surrenders the certificates along with:
Chapter 9: Depository System
Show answer
Answer: A. the Demat Request Form (DRF)
In dematerialisation, the client gives the physical certificates with a Demat Request Form (DRF) to the DP, who forwards them to the depository.After an interim dividend is declared, its amount must be deposited in a separate account in a scheduled bank within how many days?
Chapter 10: Dividend and Interest
Show answer
Answer: D. 5 days
The textbook states the interim dividend amount must be credited to a separate scheduled bank account within 5 days of declaration (and paid within 30 days).In the money market, funds are lent and borrowed for a period ranging from:
Chapter 11: Financial Market
Show answer
Answer: B. one day up to one year
The money market deals in short-term funds; its instruments run from one day up to a maximum of one year.Which stock exchange, set up in 1875 on Dalal Street, Mumbai, is known as Asia's first stock exchange?
Chapter 12: Stock Exchange
Show answer
Answer: C. Bombay Stock Exchange (BSE)
BSE was set up in 1875 as 'The Native Share and Stock Brokers' Association'; it is Asia's first and India's oldest stock exchange.
Class 12: MCQ in other subjects
Previous days
All questions are written by PadhaiNotes in our own words from the chapters of the official Maharashtra State Board Balbharati textbook (ebalbharati.in). Each question shows its chapter.