NECO Past Questions and Answers - Page 29

141.

Which of the following is NOT part of the documents to be submitted for the registration of companies?

A.

A statement of nominal capital

B.

A statutory declaration signed by a solicitor

C.

Articles of Association

D.

Memorandum of Association

E.

The balance sheet of the company

Correct answer is E

No explanation has been provided for this answer.

142.

The services offered by the following people .could be grouped under direct services. EXCEPT

A.

doctors

B.

entertainers

C.

lawyers

D.

policemen

E.

teachers

Correct answer is B

No explanation has been provided for this answer.

143.

A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as

A.

chambers of commerce

B.

cooperative society

C.

trade association

D.

trade commissions

E.

trade union

Correct answer is C

No explanation has been provided for this answer.

144.

In a private limited liability company shares can be transferred

A.

at the end of a financial year

B.

by applying to the registrar of companies

C.

without consulting other shareholders

D.

with the consent to other shareholders

E.

with the consent of the managing director

Correct answer is D

No explanation has been provided for this answer.

145.

The full amount of capital which a company is authorized to raise is stated in the

A.

articles of association

B.

certificate of incorporation

C.

certificate of trading

D.

memorandum of association

E.

share certificate

Correct answer is D

No explanation has been provided for this answer.