Posted: November 28th, 2023

The Securities and Exchange Commission of Pakistan is responsible for the performance

attempt the quiz, students are supposed to submit their solution files (MSWord Documents) in the following “table format” (sample).Q No.123Selected Optionabd Quizzes not prepared in “table” would be graded zero marks. Prepare your solution in “doc” or “rtf” format (compatible with “Word 2003”).Do not prepare your assignments in Excel, Power Point, PDF or any otherformat.Questions:1. The Securities and Exchange Commission of Pakistan is responsible for theperformance of the following functions, EXCEPT:a. Regulating the issue of securitiesb. Regulating the business in Stock Exchangesc. Supervising and monitoring the activities of banksd. Registering and regulating the working of stock brokers2. Which of the following is not a characteristic of partnership?a. It is a legal entityb. There is no agreementc. There must be at least two partnersd. Each partner is agent of other partners3. The chief executive of a Non-Banking Finance Company may holds the office:a. For one yearb. For two yearsc. For three yearsd. Not exceeding three years4. Which shares are entitled to a fixed rate of dividend?a. Equity Sharesb. Preferred Sharesc. Deferred Sharesd. Bonus Shares5. All of the following cannot be a part of “firm name”, EXCEPT:a. Governmentb. Quaid-e-Azamc. Pakistand. United nations6. In case of private company, the memorandum of association is required to besubscribed by at least _____.a. One personb. Three personsc. Five personsd. Ten persons7. When a partnership is formed for an unlimited period, it is called _______.a. Unlimited partnershipb. Limited partnershipc. General partnershipd. Partnership-at-will8. In which of the following situations, the certificate of incorporation is Not issued?a. On registration of a companyb. On the change of the name of a companyc. On the request of a person on payment of feed. On winding up the company9. Which of the following is NOT true about corporation?a. It is a separate legal entityb. It is an artificial personc. Liability of members is unlimitedd. It has legal capacity to sue in its own name10. According to Companies Ordinance, 1984, __________ shall stand retired fromoffice at the first annual general meeting of the company.a. All the directorsb. None of the directorsc. Half the directorsd. One-third the directors

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