Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 10 - Dividend and Interest [Latest edition]

Chapters

Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

Chapter 10: Dividend and Interest

ExercisExercise
Advertisement Remove all ads
Exercis, Exercise [Pages 151 - 157]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 10 Dividend and InterestExercis, Exercise [Pages 151 - 157]

Exercis | Q 1 A) 1. | Page 151

Select the correct answer from the options given below and rewrite the statement.
Dividend is paid to ___________.

  • Shareholder

  • Debentureholder

  • Depositor

Exercis | Q 1 A) 2. | Page 151

Select the correct answer from the options given below and rewrite the statement.
_________ is profit shared by company with a shareholder.

  • Interest

  • Rent

  • Dividend

Exercis | Q 1 A) 4. | Page 151

Interim Dividend is declared by ______________.

  • Board of Directors

  • Debentureholders

  • Depositors

Exercis | Q 1 A) 5. | Page 151

Final Dividend is declared by ______________.

  • Board of Directors

  • Shareholders

  • Depositors

Exercis | Q 1 A) 6. | Page 151

Dividend cannot be declared out of ______________.

  • Capital

  • Profit

  • Reserves

Exercis | Q 1 A) 3. | Page 151

Dividend is recommended by ______________.

  • Managing Director

  • Secretary

  • Board of Directors

Exercis | Q 1 A) 7. | Page 151

Select the correct answer from the options given below and rewrite the statement.
Dividend amount should be transferred in a separate Bank Account within ____________ days of its declaration

  • 5

  • 15

  • 15

Exercis | Q 1 A) 8. | Page 151

Select the correct answer from the options given below and rewrite the statement.
Dividend should be paid within ________________ days of its declaration

  • 3

  • 13

  • 30

Exercis | Q 1 A) 9. | Page 151

Select the correct answer from the options given below and rewrite the statement.
__________ holders get dividend from residual profits.

  • Equity share

  • Preference share

  • Debenture

Exercis | Q 1 A) 10. | Page 151

Select the correct answer from the options given below and rewrite the statement.
Dividend is paid first to __________ shareholders.

  • Equity

  • Preference

  • Deferred

Exercis | Q 1 A) 11. | Page 151

Select the correct answer from the options given below and rewrite the statement.
_________ warrant is a cheque containing dividend amount sent by company to the shareholders.

  • Dividend

  • Share

  • Interest

Exercis | Q 1 A) 12. | Page 151

Select the correct answer from the options given below and rewrite the statement.
IEPF is created by ______________ where unpaid dividend is transferred by company.

  • Central Govt.

  • Company

  • Shareholders

Exercis | Q 1 A) 13. | Page 151

Payment of __________  Dividend must be authorized by the Articles of Association.

  • Interim

  • Final

  • Bonus

Exercis | Q 1 A) 14. | Page 151

Select the correct answer from the options given below and rewrite the statement.
___________ is a return paid to creditors by the company.

  • Dividend

  • Interest

  • Rent

Exercis | Q 1 A) 15. | Page 151

Select the correct answer from the options given below and rewrite the statement.
___________ is not linked to profits of the company

  • Dividend

  • Interest

  • Bonus

Exercise | Q 1 B) (I) | Page 152

Match the pairs.

Group ‘A’ Group ‘B’
a) Dividend 1) Equity Shareholders
b) Interest 2) Appropriation of profit.
c) Interim Dividend 3) Recommendation of Secretary.
d) Final Dividend 4) Registrar of company.
e) Fluctuating Rate of Dividend 5) Obligatory to pay
  6) Decided and Declared by the Board of Directors.
  7) Decided by Board; declared by Members.
  8) Decided by President of India.
  9) Company not allowed to pay.
  10) Declared by Govt. of India
Exercise | Q 1 B) (II) | Page 152

Match the pairs.

Group ‘A’ Group ‘B’
a) Dividend 1) Must inform stock exchange about Dividend declaration
b) Interest 2) Creditors
c) IEPF 3) Registered Shareholders.
d) Unpaid Dividend Account 4) Balance of unpaid Dividend Transferred here.
e) Listed Company 5) Unregistered company.
  6) Non-listed company.
  7) Unpaid/Unclaimed Dividend.
  8) Balance of unpaid Bonus transferred here.
  9) Must inform Government about Dividend declaration.
  10) General Public.
Exercise | Q 1 C) 1. | Page 152

Write a word or a term or a phrase which can substitute the following statement.

The return on investment paid to the shareholders of the company.

Exercise | Q 1 C) 2. | Page 152

Write a word or a term or a phrase which can substitute the following statement.

The meeting where final dividend is declared.

Exercise | Q 1 C) 3. | Page 152

Write a word or a term or a phrase which can substitute the following statement.

The company which has to intimate stock exchange about declaration of dividend.

Exercise | Q 1 C) 4. | Page 152

Write a word or a term or a phrase which can substitute the following statement.

The shareholders who get dividend at a fixed rate.

Exercise | Q 1 C) 5. | Page 152

Write a word or a term or a phrase which can substitute the following statement.

The shareholders who get dividend at a fluctuating rate.

Exercise | Q 1 C) 6. | Page 153

Write a word or a term or a phrase which can substitute the following statement.

Request by shareholder in prescribed form for payment of dividend into shareholders bank amount.

Exercise | Q 1 C) 7. | Page 153

Write a word or a term or a phrase which can substitute the following statement.

Number of days within which payment of dividend be completed by company, after its declaration.

Exercise | Q 1 C) 8. | Page 153

Write a word or a term or a phrase which can substitute the following statement.

Dividend declared between two AGMs.

Exercise | Q 1 C) 9. | Page 153

Write a word or a term or a phrase which can substitute the following statement.

Dividend decided and declared by the Board.

Exercise | Q 1 C) 10. | Page 153

Write a word or a term or a phrase which can substitute the following statement.

The return paid to the creditors by the company.

Exercise | Q 1 D) 1. | Page 153

State whether the following statement is true or false.

Dividend is paid to registered shareholders of the company.

  • True

  • False

Exercise | Q 1 D) 2. | Page 153

State whether the following statement is true or false.

Dividend is decided by the Board.

  • True

  • False

Exercise | Q 1 D) 3. | Page 153

State whether the following statement is true or false.

Dividend is decided by the shareholders.

  • True

  • False

Exercise | Q 1 D) 4. | Page 153

State whether the following statement is true or false.

Dividend once declared cannot be revoked.

  • True

  • False

Exercise | Q 1 D) 5. | Page 153

State whether the following statement is true or false.

Dividend cannot be paid out of capital.

  • True

  • False

Exercise | Q 1 D) 6. | Page 153

State whether the following statement is true or false.

Shareholders decide about the rate and amount of profit to be given as dividend.

  • True

  • False

Exercise | Q 1 D) 7. | Page 153

State whether the following statement is true or false.

All categories of shareholders get a fixed rate dividend.

  • True

  • False

Exercise | Q 1 D) 8. | Page 153

State whether the following statement is true or false.

IEPF is the fund created by company.

  • True

  • False

Exercise | Q 1 D) 9. | Page 153

State whether the following statement is true or false.

Interest is a liability for company.

  • True

  • False

Exercise | Q 1 D) 10. | Page 153

State whether the following statement is true or false.

Interest is paid to shareholders of company.

  • True

  • False

Exercise | Q 1 E) 1. | Page 153

Find the odd one.

  • Final Dividend

  • Interim Dividend

  • Interest

Exercise | Q 1 E) 2. | Page 153

Find the odd one.

  • Out of Capital

  • Out of free reserve

  • Out of money given by government

Exercise | Q 1 E) 3. | Page 153

Find the odd one.

  • Dividend Account

  • Dividend Mandate

  • unpaid/unclaimed dividend Account

Exercise | Q 1 E) 4. | Page 153

Find the odd one.

  • Dividend warrant

  • Dividend Mandate

  • Cheque

Exercise | Q 1 F) 1. | Page 153

Complete the sentence.

Word dividend is derived from Latin term ______.

Exercise | Q 1 F) 2. | Page 153

Complete the sentence.

Dividend is paid to __________.

Exercise | Q 1 F) 3. | Page 153

Complete the sentence.

Dividend can be declared only on recommendation of______.

Exercise | Q 1 F) 4. | Page 153

Complete the sentence.

Dividend must be paid in______.

Exercise | Q 1 F) 5. | Page 153

Complete the sentence.

The meeting at which final dividend is approved is ______.

Exercise | Q 1 F) 6. | Page 153

Complete the sentence.

Dividend cannot be paid out of ______.

Exercise | Q 1 F) 7. | Page 153

Complete the sentence.

Interim dividend is decided and declared by ______.

Exercise | Q 1 F) 8. | Page 153

Complete the sentence.

Predecided and a fixed rate of dividend is paid to ______.

Exercise | Q 1 F) 9. | Page 153

Complete the sentence.

Payment of dividend must be completed within ______.

Exercise | Q 1 F) 10. | Page 153

Complete the sentence.

Payment of Interim Dividend needs to be authorized by ______.

Exercise | Q 1 F) 11. | Page 153

Complete the sentence.

The obligatory payment made by company to its creditors is called as ______.

Exercise | Q 1 G) (I) | Page 154

Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Dividendum 1) ____________
b) Interest 2) ____________
c) ____________ 3) Final Dividend
d) ____________ 4) Interim Dividend
e) Govt. Fund 5) ____________

(Creditors, IEPF, Latin term, At Board Meeting, At AGM)

Exercise | Q 1 G) (II) | Page 154

Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Preference Shares 1) ____________
b) Equity Shares 2) ____________
c) Deposit holders 3) ____________
d) ____________ 4) Payment of Dividend
e) ____________ 5) Dividend Declared but not paid/claimed

(Unclaimed/Unpaid Dividend, Fixed rate Dividend, Dividend at a Fluctuating Rate, Interest, Within 30 days)

Exercise | Q 1 H) 1. | Page 153

Answer in one sentence.

What is Dividend?

Exercise | Q 1 H) 2. | Page 153

Answer in one sentence.

Who has right to recommend Dividend?

Exercise | Q 1 H) 3. | Page 153

Answer in one sentence.

What is final Dividend?

Exercise | Q 1 H) 4. | Page 154

Answer in one sentence.

What is Interim Dividend?

Exercise | Q 1 H) 5. | Page 154

Answer in one sentence.

Who declares Interim Dividend?

Exercise | Q 1 H) 6. | Page 154

Answer in one sentence.

Which shares get dividend at a fixed rate?

Exercise | Q 1 H) 7. | Page 154

Answer in one sentence.

Which shares get dividend at a fluctuating rate?

Exercise | Q 1 H) 8. | Page 154

Answer in one sentence.

At which Meeting Interim Dividend is decided and declared?

Exercise | Q 1 H) 9. | Page 154

Answer in one sentence.

What is Interest?

Exercise | Q 1 H) 10. | Page 154

Answer in one sentence.

State the time within which Unpaid Dividend be transferred to unpaid dividend Account?

Exercise | Q 1 I) 1. | Page 154

Correct the underlined word and rewrite the following sentence.

Dividend is paid to creditors.

Exercise | Q 1 I) 2. | Page 154

Correct the underlined word and rewrite the following sentence.

Interest is paid to shareholders.

Exercise | Q 1 I) 3. | Page 154

Correct the underlined word and rewrite the following sentence.

Final Dividend is paid between two AGMs.

Exercise | Q 1 I) 4. | Page 154

Correct the underlined word and rewrite the following sentence.

Special Resolution must be passed to declare Final Dividend

Exercise | Q 1 I) 5. | Page 155

Correct the underlined word and rewrite the following sentence.

Dividend must be paid within 60 days of its declaration.

Exercise | Q 1 I) 6. | Page 155

Correct the underlined word and rewrite the following sentence.

The Dividend to be paid should be transferred to Dividend A/c within 30 days of its declaration.

Exercise | Q 1 I) 7. | Page 155

Correct the underlined word and rewrite the following sentence.

Dividend is an obligation to be paid by a company every year.

Exercise | Q 1 I) 8. | Page 155

Correct the underlined word and rewrite the following sentence.

Preference shareholders are given the last priority in payment of dividend.

Exercise | Q 1 I) 9. | Page 155

Correct the underlined word and rewrite the following sentence.

Preference shareholders get dividend from residual profits.

Exercise | Q 1 I) 10. | Page 155

Correct the underlined word and rewrite the following sentence.

Dividend is payable every year irrespective of profits made by company.

Exercise | Q 1 J) 1. | Page 155

Arrange in Proper Order:

  1. Recommendation of Dividend
  2. Checking sufficiency of profits
  3. Board Meeting
Exercise | Q 1 J) 2. | Page 155

Arrange in Proper Order:

  1. Transfer to Dividend Account
  2. Transfer to IEPF
  3. Transfer to Unpaid Dividend Account
Exercise | Q 1 J) 3. | Page 155

Arrange in Proper Order:

  1. Closure of Register of Members.
  2. Intimate Stock Exchange of Board Meeting.
  3. Intimate Stock Exchange of declaration of dividend.
Exercise | Q 1 J) 4. | Page 155

Arrange in Proper Order:

  1. Decision on Rate of Dividend
  2. Transfer to IEPF
  3. Payment of Dividend.
Exercise | Q 1 J) 5. | Page 155

Arrange in Proper Order:

  1. Payment of Interim Dividend
  2. Board meeting deciding and declaring Interim Dividend.
  3. Authorization of Articles of Association.
Exercise | Q 2.01 | Page 155

Explain the following term/concept.

Profit

Exercise | Q 2.02 | Page 155

Explain the following term/concept.

Dividend

Exercise | Q 2.03 | Page 155

Explain the following term/concept.

Interest

Exercise | Q 2.04 | Page 155

Explain the following term/concept.

Final Dividend

Exercise | Q 2.05 | Page 155

Explain the following term/concept.

Interim Dividend

Exercise | Q 2.06 | Page 155

Explain the following term/concept.

Unpaid Dividend

Exercise | Q 2.07 | Page 155

Explain the following term/concept.

Unpaid Dividend Account

Exercise | Q 2.08 | Page 155

Explain the following term/concept.

Dividend Mandate

Exercise | Q 2.09 | Page 155

Explain the following term/concept.

IEPF

Exercise | Q 2.1 | Page 155

Explain the following term/concept.

Rate of Dividend.

Exercise | Q 3.1 | Page 155

Study the following case/situation and express your opinion :

LMN Co Limited decides to declare a dividend for the financial year 2018-19 in which it has earned profits less than their expectations.

  1. Is Board right in recommending a dividend of Rs. 5/- per share out of free reserves?
  2. Can Board declare the dividend though it is not approved by AGM?
  3. Can the Board give dividends in the form of gifts?
Exercise | Q 3.2 | Page 156

Study the following case/situation and express your opinion :

ABC Co. Ltd. decides to pay Interim Dividend

  1. Can it be paid out of free reserves?
  2. Is the Board right in declaring the same at the Board Meeting?
  3. Can the company distribute the same within 30 days of its declaration?
Exercise | Q 3.3 | Page 156

Study the following case/situation and express your opinion :

RAJ Company limited decides to pay Interim Dividend

  1. Is the Board justified to decide Interim Dividend of ₹ 5/per share even though profits till date are insufficient?
  2. Can the Board declare it out of Free Reserves?
  3. Can the Board declare it out of Capital?
Exercise | Q 3.4 | Page 156

Study the following case/situation and express your opinion :

DIAMOND Co. Ltd. is considering to declare Interim Dividend.

  1. In how many days of the declaration it should transfer the funds to Dividend Account?
  2. In how many days it must pay it to shareholders?
  3. In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?
Exercise | Q 3.5 | Page 156

Study the following case/situation and express your opinion :

The Board of Directors of STAR Co. Ltd. which is a listed company recommends a dividend of ₹ 15/- per share to be paid in cash.

  1. Is it justified to pay the dividend firstly to its Preference Shareholders and then after to Equity Shareholders?
  2. Is the AGM required to approve the same?
  3. Can the company pay dividend in cash?
Exercise | Q 3.6 | Page 156

Study the following case/situation and express your opinion :

GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2018-19.

  1. Is the company under default, if the dividend was not paid within 30 days of its declaration?
  2. Is the company right in transferring the unpaid dividend to its Debenture Reserve Account?
  3. Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?
Exercise | Q 4.1 | Page 156

Distinguish between the Following.

Final Dividend and Interim Dividend

Exercise | Q 4.2 | Page 156

Distinguish between the Following.

Dividend and Interest

Exercise | Q 5.1 | Page 156

Answer in brief.

State any four points to be kept in mind by a Listed Company with respect to Dividend.

Exercise | Q 5.2 | Page 156

Answer in brief.

Discuss any four features of dividend.

Exercise | Q 5.3 | Page 156

Answer in brief.

Explain the features of Interest.

Exercise | Q 6.1 | Page 157

Justify the following statement.

Dividend is paid out of profits of the company.

Exercise | Q 6.2 | Page 157

Justify the following statement.

Interim dividend cannot be paid out of free reserves.

Exercise | Q 6.3 | Page 157

Justify the following statement.

AGM is crucial for Final Dividend.

Exercise | Q 6.4 | Page 157

Justify the following statement.

Listed Company has to follow additional guidelines on dividend matters.

Exercise | Q 6.5 | Page 157

Justify the following statement.

Equity shares get last priority in dividend.

Exercise | Q 6.6 | Page 157

Justify the following statement.

Unpaid dividend cannot be used by the company.

Exercise | Q 6.7 | Page 157

Justify the following statement.

Interest is a liability/obligation of the company.

Exercise | Q 6.8 | Page 157

Justify the following statement.

Approval of members is not needed for Interim Dividend.

Exercise | Q 7.1 | Page 157

Answer the following question.

Define Dividend and explain its features.

Exercise | Q 7.2 | Page 157

Answer the following question.

What is Interest? Explain its features.

Exercise | Q 7.3 | Page 157

Answer the following question.

Discuss legal provisions for declaration of dividend.

Exercise | Q 7.4 | Page 157

Answer the following question.

Explain Interim Dividend.

Chapter 10: Dividend and Interest

ExercisExercise
Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 10 - Dividend and Interest

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 10 (Dividend and Interest) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Secretarial Practice 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 10 Dividend and Interest are Dividend, Legal Provisions on Dividend, Unpaid and Unclaimed Dividend, Modes of Payment of Dividend, Interim Dividend, Interest.

Using Balbharati 12th Board Exam solutions Dividend and Interest exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Balbharati Textbook Solutions to score more in exam.

Get the free view of chapter 10 Dividend and Interest 12th Board Exam extra questions for Secretarial Practice 12th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×