Online Proficiency Self-Assessment Test

Review 50 ONLINE-PROFICIENCY-SELF-ASSESSMENT-TEST practice questions with answer explanations and community insights.

Question 1

Which is not a right available to preference shareholders?

  1. Right to fixed rate of dividend
  2. Right of redemption
  3. Right to preferential allotment of further equity shares
  4. Right to further issue of shares

Question 2

XYZ Company, is having 10% share capital held by another Public Company and 35% held by Central Government and 55% held by people. The Company is:

  1. Government company
  2. Private company
  3. Public company
  4. None of these

Question 3

If the acquirer acquires control over the target, it has:

  1. Right to appoint majority of the directors
  2. Right to control the management or policy decisions exercisable by a person or persons acting in concert ("PAC") directly or indirectly
  3. Both A and B
  4. None of the above

Question 4

The minority shareholder may bring an action against the company, where although there is no fraud, there is a breach of duty by directors and majority shareholders to the detriment of the company.

  1. No
  2. Yes
  3. Not true in private and public unlisted companies
  4. Not true for joint ventures

Question 5

"Public offer" includes initial public offer or further public offer of securities to the public by a company.

  1. Yes
  2. No
  3. Can't say
  4. Depends
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