Select the correct answer from the options given below and rewrite the statements.

1. Directors are the ……………… .
a) paid employee of the company
b) representatives of the share holders
c) creditors of the company
Ans:- b) representatives of the share holders

2. Dividend is to be paid to the shareholders within ………….. days from the date of declaration.
a) 30      b) 40       c) 20
Ans:- a) 30    

3. Registered shareholders receive dividend through ………….. warrant.
a) share           b) debenture          c) dividend
Ans:- c) dividend

4. Shares issued free of cost to the shareholders are known as …………….. shares.
a) preference       b) equity        c) bonus
Ans:- c) bonus

5. Share Certificate should be ready for delivery by the company within …………….. months after the allotment of shares.
a) 3        b) 5        c) 2
Ans:- c) 2

6. Secretarial correspondence with members should be …………….. .
a) lengthy        b) shortcut             c) prompt and precise
Ans:- c) prompt and precise

7. Dividend is recommended by …………….. .
a) Board of Directors           b) shareholders        c) Depositors
Ans:- a) Board of Directors  

8. Dividend is paid out of …………….. of the company.
a) Capital            b) Building Fund          c) Profit
Ans:- c) Profit

9. …………….. is issued by the company to its registered shareholders after the declaration of dividend at the Annual General Meeting of the company.
a) Dividend Warrant           b) Interest Warrant            c) Share Warrant
Ans:- a) Dividend Warrant