SEBI Grade A 2024- Companies Act Questions Quiz
SEBI Grade A 2024- Companies Act Questions Quiz

SEBI Grade A 2024 Free Quiz Companies Act Questions

SEBI Grade A 2024 Free Quiz – SEBI Grade A 2024 Companies Act Quiz Question. Companies Act study material for SEBI Grade A Exam 2024.Costing, Companies Act, Economics, Commerce & Accountancy, Management and Finance Notes PDF for SEBI Grade A Preparation 2024. As we all know The Security Exchange Board of India (SEBI) has released the SEBI Grade A 2024 Notification for the recruitment of 97+ Assistant Managers across the country.

If you are preparing for SEBI Grade A 2024, you will come across a section on “Costing, Companies Act and Economics”. In this post, you will attempt the Companies Act for your SEBI Grade A Preparation 2024. If you prepare this thoroughly, you can very easily crack SEBI Grade A 2024.

SEBI Grade A 2024 Free Quiz – Companies Act Question | Set- 7

Solving the SEBI Grade A Companies Act Question will help the candidates to get acquainted with different types of questions. SEBI Grade A Companies Act Question will also increase the precision and accuracy which saves a good amount of time in the actual exam.


1.In order to issue Differential right shares, lt need to conduct voting through postal ballot

A Yes every company need to conduct postal ballot voting

B Only by a company whose shares are listed in recognised stock exchange

C A company which has track record of continuous profits for 3 years

D A company which is defaulted in the payment of dividend to Preference share holders

E None of these

Show Correct Answers

Correct Answer – B. Only by a company whose shares are listed in recognised stock exchange

Explanation: Only by a company whose shares are listed in recognised stock exchange

2.A company need to have Consistent track record of distributable profits for……………..in order to issue Equity shares with differential voting rights.

A Last 3 years preceding the Issue

B Last 5 years preceding the Issue

C Any 3 Years

D Any 5 Years

E None of these

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Correct Answer – A. Last 3 years preceding the Issue

Explanation: Last 3 years preceding the Issue

3.Where a dividend is declared by a company and remains unpaid for …………….days, the company shall transfer the amount to unpaid dividend account within another ………….days

A 30, 30

B 60, 30

C 30, 7

D 60, 7

E None of these

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Correct Answer – C. 30, 7

Explanation: 30, 7

4.The balance of reserve after withdrawal for dividend shall not fall below…………% of its paid up share capital as appearing in the latest audited financial statement

A 5

B 10

C 15

D 20

E None of these

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Correct Answer – C. 15

Explanation: 15

5. When the dividend is declared at the annual general meeting of the company, it is known as…………
A Final dividend

B Interim dividend

C Dividend to equity shareholders

D Dividend to preference shareholders

E None of these

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Correct Answer – A. Final dividend

Explanation: Final dividend

6.Dividend can be declared out of

A Securities premium reserve

B Capital reserve

C Capital reserve

D All of the above

E None of these

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Correct Answer – C. General reserve

Explanation: General reserve

7.For declaration of dividend out of accumulated profits, the total amount to be drawn from such accumulated profits shall not exceed………………… of the sum of its paid up share capital and free reserves as appearing in the latest audited financial statement

A 2%

B 5%

C 10%

D 20%

E None of these

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Correct Answer – C. 10%

Explanation: 10%

8.Investor Education and Protection Fund(IEPF) shall be utilized for

A Refund of unclaimed and unpaid amounts

B Promotion of investors awareness

C Protection of the interests of investors

D All of the above

E None of these

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Correct Answer – D All of the above

Explanation: All of the above

9.Dividend is payable to………….

A Registered shareholder

B Order of registered shareholders

C Banker of shareholder

D Any of the above

E None of these

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Correct Answer – D Any of the above

Explanation: Any of the above

10. Dividend shall be declared or paid by a company for any financial year only…………..

A Out of the profits of the company for that year

B Out of the profits of the company for any previous financial year or years

C Out of money provided by the Central Government or a state Government for the payment of dividend by the company

D All of the above

E None of these

Show Correct Answers

Correct Answer –D All of the above

Explanation: All of the above


SEBI Grade A Free Study Material- Download Free PDF
Commerce & Accountancy Practice Questions Management Practice Questions Finance Practice Questions
Companies Act Practice Questions Costing Practice Questions Economics Practice Questions

Before Starting the preparation of “SEBI Grade A 2024” you should check the Syllabus and Exam Pattern of SEBI Grade A 2024. If you decided to fill out the form for SEBI Grade A 2024, then you required Study Material for SEBI Grade A 2024. Here we are given Best Books For SEBI Grade A 2024. These books are published in two parts. The SEBI Grade A Volume I Book covers (Commerce  & Accountancy, Management, and Finance) and the SEBI Grade A Volume II Book covers (Costing, Companies Act 2013 & Economics).

SEBI Grade A Officer Exam 2024 – Important Links

Official Notification Exam Pattern and Syllabus Preparation Tips & Tricks
Previous Year Paper PDF Best Preparation Books Exam Date
Admit Card SEBI Result Complete Study Material
SEBI Grade A Complete Book (VOL. I) of Commerce Accountancy, Management, and Finance
SEBI Grade A Complete Book (VOL. II) of Costing, Companies Act and Economics

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