Class 12 Secretarial Practice – Daily Revision MCQ (English Medium)
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Using retained earnings, an internal source of finance, for the company's own business is also called:
Chapter 2: Sources of Corporate Finance
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Answer: B. Ploughing back of profit
Retained earnings are undistributed profits reinvested in the business, which is known as ploughing back of profit.Shares issued by a company to its directors or employees at a discount or for consideration other than cash, in recognition of their valuable contribution, are called:
Chapter 3: Issue of Shares
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Answer: D. Sweat equity shares
Sweat equity shares reward directors or employees whose contribution increased the company's profits; they are issued at a discount or for non-cash consideration.Within how many days from receiving the deposit amount (or realisation of the cheque) must a company issue the Deposit Receipt to the depositor?
Chapter 5: Deposits
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Answer: A. 21 days
The Deposit Receipt, the company's acknowledgement of the deposit, must reach the depositor within 21 days.A company must issue or dispatch the Share Certificate to the allottee within what time after allotment of shares?
Chapter 6: Correspondence with Members
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Answer: C. Two months
Every company must issue the Share Certificate within two months after allotment of shares.A debentureholder should preserve the Letter of Allotment of Debentures because, in exchange for it, he later gets the:
Chapter 7: Correspondence with Debentureholders
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Answer: A. Debenture Certificate
The letter of allotment of debentures is exchanged for the Debenture Certificate, so it must be kept safely.Which letter does the Secretary send to a depositor immediately after the company receives his deposit?
Chapter 8: Correspondence with Depositors
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Answer: D. Letter of thanks
Immediately after receiving a deposit the company sends a letter thanking the depositor, giving the amount, date and period of the deposit.Which body works as the National Numbering Agency (NNA) for ISIN in India?
Chapter 9: Depository System
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Answer: B. SEBI
In India SEBI works as the NNA; it has assigned the work of issuing ISIN for demat shares to NSDL.Dividend that has been declared but is not paid by the company or claimed by the shareholder within how many days of declaration is called unpaid and unclaimed dividend?
Chapter 10: Dividend and Interest
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Answer: C. 30 days
Dividend must be paid within 30 days of declaration; if it is not paid or claimed in that time it becomes unpaid and unclaimed dividend.Which is the most important participant in the Indian money market, regulating money supply and issuing government securities on behalf of the government?
Chapter 11: Financial Market
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Answer: B. Reserve Bank of India
The RBI is the most important money market participant: it regulates money supply, implements monetary policy and issues government securities.A speculator who expects share prices to rise and buys securities hoping to sell them later at higher prices is called a:
Chapter 12: Stock Exchange
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Answer: A. Bull
A Bull (Tejiwala) is optimistic; he buys expecting prices to rise, while a Bear expects prices to fall.
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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.