Class 12 Secretarial Practice – Daily Revision MCQ (English Medium)
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The process of converting raw material into finished goods is the production cycle. If a firm's production cycle is long, its working capital requirement will be:
Chapter 1: Introduction to Corporate Finance
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Answer: C. More
A longer production cycle locks funds in raw materials and work-in-progress for longer, so more working capital is needed.When a company is wound up, in what order are equity shareholders repaid their capital?
Chapter 2: Sources of Corporate Finance
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Answer: A. Last, after creditors and preference shareholders
Equity shareholders are paid last on winding up; if nothing is left after paying debts and preference capital, they get nothing.Companies accept public deposits from the public for a period ranging from:
Chapter 2: Sources of Corporate Finance
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Answer: B. 6 months to 36 months
A company cannot accept deposits for less than 6 months or more than 36 months.In a Rights Issue, the letter of offer sent to existing shareholders must keep the offer open for a period of:
Chapter 3: Issue of Shares
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Answer: D. Not less than 15 days and not more than 30 days
The rights offer is valid for not less than fifteen days and not exceeding thirty days from the date of offer.After allotting debentures, within what time must a company issue Debenture Certificates to the debentureholders?
Chapter 4: Issue of Debentures
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Answer: A. Within 6 months of allotment
As a legal provision for issue of debentures, the Debenture Certificate must be issued within 6 months of allotment.While writing to depositors, the Secretary keeps their needs and expectations in mind and writes from their point of view. This precaution is called:
Chapter 8: Correspondence with Depositors
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Answer: C. You attitude
'You attitude' means writing the letter from the depositor's point of view, considering his requirements.In the depository system, who acts as the link between the Depository and the investor?
Chapter 9: Depository System
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Answer: B. Depository Participant (DP)
The Depository is the custodian of securities in electronic form; the Depository Participant links the depository and the investor.Which statement about interest paid by a company on its borrowed capital is correct?
Chapter 10: Dividend and Interest
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Answer: D. It is a charge against profit and must be paid even if there is no profit
Interest is a charge against profit at a fixed rate; it must be paid even when the company makes no profit, unlike dividend.The capital market in which government and semi-government securities are traded is called the:
Chapter 11: Financial Market
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Answer: A. Gilt-edged market
Government securities market, also called the gilt-edged market, deals in government and semi-government securities.The Sensex, the benchmark index of the BSE first created in 1986, is made up of the stocks of how many large and actively traded listed companies?
Chapter 12: Stock Exchange
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Answer: B. 30
Sensex (Sensitive Index) is based on 30 largest, actively traded listed stocks of the BSE.
Class 12: MCQ in other subjects
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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.