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Statutory Provisions Questions

Practice 3 Statutory Provisions questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(2)CUET Accountancy(1)

About Statutory Provisions — practice questions, PYQs & concepts

Statutory Provisions is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 3 Statutory Provisions questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Statutory Provisions weight in competitive exams

Across our Statutory Provisions question bank, the largest sources are Accountancy (2) and CUET Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 1 easy Statutory Provisions questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Statutory Provisions Questions(1–3 of 3)

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Q1mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Match List - I with List - II according to SEBI Guidelines and the Companies Act, 2013:
\begin{array}{|l|l|}\hline\textbf{List - I} & \textbf{List - II} \ \hline\text{(A) Application money must be at least ____% of the face value of the share} & \text{(I) } 25% \\text{(B) The amount of a single Call should not exceed ____% of the face value of the share} & \text{(II) } 90% \\text{(C) Minimum subscription cannot be less than ____% of the issued amount under SEBI guidelines} & \text{(III) } 10% \\text{(D) Max interest charged on call-in-arrears under Table F is @ ____% p.a.} & \text{(IV) } 5% \ \hline\end{array}
Choose the correct answer from the options given below:
Q2mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Match List - I with List - II according to SEBI Guidelines and the Companies Act, 2013:
\begin{array}{|l|l|} \hline \textbf{List - I} & \textbf{List - II} \\ \hline \text{(A) Application money must be at least \_\_\_\_% of the face value of the share} & \text{(I) } 25\% \\ \text{(B) The amount of a single Call should not exceed \_\_\_\_% of the face value of the share} & \text{(II) } 90\% \\ \text{(C) Minimum subscription cannot be less than \_\_\_\_% of the issued amount under SEBI guidelines} & \text{(III) } 10\% \\ \text{(D) Max interest charged on call-in-arrears under Table F is @ \_\_\_\_% p.a.} & \text{(IV) } 5\% \\ \hline \end{array}
Choose the correct answer from the options given below:
Q3easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
The liability of partners in a general partnership firm is:

Frequently Asked Questions

How many Statutory Provisions questions are on ExamTest.live?▼
We have 3 Statutory Provisions questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Statutory Provisions MCQs free?▼
Yes. All Statutory Provisions questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Statutory Provisions questions?▼
Statutory Provisions questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Statutory Provisions questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.