Which of the following will not be stated in a Memorandum of Association
Name clause
rights of shareholders
object clause
registered office
Correct answer is B
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).
general partner
nominal partner
secret partner
dormant partner
Correct answer is D
Dormant partner; a partner who contributes capital in a business but takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses. called also sleeping partner or silent partner
In order to increase the capital owned, a sole trader may
seek for bank loan
issue debentures
acquire extra shop fittings on credit
draw less of his profit for personal use
Correct answer is D
A sole trader can raise capital for the business by ploughing back profit. That is, re-investing the profits realised from the business instead of using it for personal needs
An importance of warehousing is in the
production of goods
transportation of goods
importation of goods
repackaging of goods
Correct answer is A
Warehouses reduce violent fluctuations in prices by storing goods when their supply exceeds demand and by releasing them when the demand is more than immediate productions. Warehouses ensure a regular supply of goods in the market. This matching of supply with demand helps to stabilise prices
The most reliable and efficient means of conveying urgent documents is through
postal order
ordinary letters
registered letters
courier services
Correct answer is D
A Courier company is one which delivers messages, packages and mail and is known for their speed, security, tracking service and specialisation.