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21.

Communication is complete when the:

A.	Message is sent by the sender	B.	Message is received by the receiver
C.	Message is received and understood by the receiver	D.	Message is further transmitted by the receiver

22.

A private company must have at least:

A.	2 members	B.	5 members
C.	7 members	D.	10 members

23.

Unless the Articles of Association otherwise provide, the quorum for a general meeting of a public company is:

A.	One-third of the total members	B.	Five members personally present
C.	Seven members personally present	D.	Twenty members personally present

24.

A Special resolution is one, which is passed in a general meeting by:

A.	A simple majority of votes	B.	Two-third majority of votes
C.	Three-fourth majority of votes	D.	Three-fifth majority of votes

25.

A share warrant can be issued by:

A.	Private companies only	B.	Public companies only
C.	Both public and private companies	D.	Government companies only

26.

What is the minimum number of shareholders necessary for a public company?

A.	5	B.	7
C.	11	D.	20

27.

The share capital of a company refers to:

A.	Equity share capital	B.	Preference share capital
C.	Equity and preference share capital	D.	Equity and preference share capital and debentures

28.

Within how many days of the declaration of divident must divident warrants be posted to shareholders?

A.	21 days	B.	30 days
C.	42 days	D.	60 days

29.

In which year was the Indian Contract Act passed?

A.	1850	B.	1872
C.	1926	D.	1939

30.

Any agreement by a minor which is beneficial to him is a:

A.	Void agreement	B.	Illegal agreement
C.	Valid contract	D.	Void contract