CA Study Notes (Inter, Final & Foundation)
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47. Advanced question ( to be taught tomorrow ) - but you only guess-

Actual overhead and absorbed overhead are same thing
Anonymous Quiz
20%
True
80%
False
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48. Absorbed OH can ____ compared to actual OH
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17%
More
26%
Less
57%
More or less
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Aman, Suman and Ramesh are members of PQR & Company, they want to make a requisition to the company for holding EGM. What are the essentials of a valid requisition?
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6%
(a) Set out the matters for consideration
9%
(b) Signed by requisitionists
5%
(c) Sent to the registered office
80%
(d) All of the above
2. The delivery of goods by one person to another as security for the payment of a debt is called
Anonymous Quiz
19%
(a) Bailment
51%
(b) Pledge
26%
(c) Mortgage
4%
(d) Hypothecation
3. The position of a finder of lost goods is that of a
Anonymous Quiz
30%
(a) bailor
52%
(b) bailee
11%
(c) surety
8%
(d) principal debtor
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4. The delivery of goods by one person to another for some specific purpose and time is known as:
Anonymous Quiz
12%
(a) Mortgage
18%
(b) Pledge
66%
(c) Bailment
4%
(d) Charge
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On receipt of a valid requisition, the Board shall within ________ proceed to call an EGM to be held not later than ________ from the date of receipt of requisition.
Anonymous Quiz
30%
(a) 7 days; 21 days
16%
(b) 7 days; 45 days
29%
(c) 21days; 3 months
25%
(d) 21 days; 45 days
On receipt of a valid requisition, if the Board fails to call an EGM, it may be called by the requisitionists themselves within ______ from the date of receipt of requisition.
Anonymous Quiz
7%
(a) 6 weeks
36%
(b) 45 days
27%
(c) 60 days
31%
(d) 3 months
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All ___________ incurred by the requisitionists by reason of the failure of the Board to call EGM shall be repaid to the requisitionists by _______________
Anonymous Quiz
21%
(a) Expenses; the defaulting directors
35%
(b) Reasonable expenses; the defaulting directors
22%
(c) Expenses; the company
22%
(d) Reasonable expenses; the company
If the Board does not proceed to call a meeting within ……… days from the date of receipt of requisition, then the requisitionists may themselves call a meeting within a period of ……..months from the date of receipt of requisition.
Anonymous Quiz
66%
(a) 21, 3
18%
(b) 21, 1
8%
(c) 7, 1
8%
(d) 7, 3
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