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Statement I: The capital share of a company is generally divided into a large number of shares of small value. Statement II: These shares can only be bought by noble people of the society. - Commercial Applications

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Question

Statement I: The capital share of a company is generally divided into a large number of shares of small value.

Statement II: These shares can only be bought by noble people of the society.

Options

  • Only I is correct.

  • Only II is correct.

  • Both I and II are correct.

  • Both I and II are wrong.

MCQ
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Solution

Only I is correct.

Explanation:

Statement I is correct because the capital of a company is divided into many small-value shares, making it more accessible for people to invest.

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Chapter 4: Ownership Structures - Joint Stock Company - EXERCISES [Page 53]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 4 Ownership Structures - Joint Stock Company
EXERCISES | Q I. 22. | Page 53
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