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VIJAYAM JUNIOR COLLEGE CHITTOOR

JUNIOR MEC MONTHLY TEST DATE: 09-09-2019 MARKS : 50

I ANSWER TWO OF THE FOLLOWING QUESTIONS 2X10=20

1. Define Sole proprietorship and explain its merits and demerits of it.
2. Define a Joint Stock Company and explain its characteristics.
3. Explain the contents of Memorandum Of Association.

II ANSWER FOUR OF THE FOLLOWING QUESTIONS. 4X5=20

4. Explain the features of Partnership.


5. What are the rights of a partner.
6. What is partnership deed and explain its contents.
7. Write any five differences between public and private company.
8. Write the Characteristics of sole trade.
9. Discuss the registration procedure of partnership

III ANSWER FIVE OF THE FOLLOWING QUESTIONS 5X2=10

10. Active Partner 11. Sleeping Partner 12. Government Company 13. Chartered Company
14. Minimum Subscription 15. Statement in lieu of Prospectus 16. Certificate of
Commencement of Business 17. Unlimited liability

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