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प्रश्न
Statement I: A joint stock company is an association of persons having a separate legal existence, perpetual succession and common seal.
Statement II: Mass production does not require huge capital investment and expert professional management.
विकल्प
I is only correct.
II is only correct.
Both I and II are correct.
Both I and II are wrong.
MCQ
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उत्तर
I is only correct.
Explanation:
Statement I is correct because a joint stock company is indeed an association of persons. It has a separate legal existence, perpetual succession and a common seal as its official signature.
Statement II is wrong because mass production does require huge capital investment and expert professional management. That is why joint-stock corporations are ideal for mass production.
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