Multiple Choice Questions: Please answer quickly:

Which one of the following is FALSE with regard to powers of Company Secretary?

a- Selling the assets of the company

b- Functioning as eyes and hands of the company

c- Involve in the daily transactions

d- All of the given options

Q 2:

The Joint stock (SAOC) Company wants to elect the Board of Directors to manage the company affairs. Identify which one of the following is INCORRECT with regard to minimum and maximum number of members:

a- Minimum 2 and Maximum 9

b- Minimum 5 and Maximum 13

c-Minimum 3 and Maximum 11

d- All of the given options

Q 3:

Omani law permits the appointment of board of directors. Identify the organization to which such permission is applicable:

a- General Partnership

b- Limited Liability Company

b-Joint stock company

c-Joint venture

Q 4:

Ahmed Saleh as CEO is powered to source the funds through retained earnings. Which one of the following category is relevant to this context?

a- Sourced funds according to ownership

b-Sourced funds according to period

c-Sourced funds as fixed capital

d-None of the given options

Q 5:

In the general partnership the liability to any third party on companys debts is confirmed to:

a- Any non-partner who agrees to include his name

b- Any non-partner who shows such interest to pay debts

c-Any non-partner who makes charity for paying debts

d-All of the given options

Q6:

The total nominal value of shares that may be issued by a company. It is known as:

a- Issued Share Capital

b- Nominal Value

c-Authorized Capital

d-None of the given options

Question 7:

Qasim as CEO is powered by the directors to source the funds through the issues of debentures. Identify the category of the source in this regard.

a-Short Term Sources

b-Long Term Sources

c-Sources as Own Savings

d-Medium Term Sources

Q8:

Asma Fisheries Company carried its activities only to trouble the creditors and vendors those involved in the project. Such behavior of the company is known as:

a- Bribery

b- Fraudulent Trading

c-Insider Dealing

d-Placement

Q 9:

The partners of Al Mudhish Company agreed for the appointment of liquidator. Identify the RELEVANT procedure in this regard:

a- Amend in the Constitutive Documents

b- Make an agreement with partners

c- Make as instrument agreed by the creditors

d-Amend in the prospectus of company

Q 10:

Zulekha who is working on monthly wages was paid half of gross wages upon her sick leave. Such provision is applicable to the leave period of:

a- Fourth and Fifth weeks

b- Fifth and Seventh weeks

c- Fifth and Sixth weeks

d- First and Second weeks