ABC Ltd$.$ is a global leader in technology services and consulting. It has enable clients in

$45$ countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, it helps their clients find the right problems to solve, and to solve these effectively. Their team of $198,000+$ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that they bring to every project they undertake.

Today, businesses operate in an unprecedentedly fluid environment. The technology landscape is turning highly complex as it evolves to meet the demands of a competitive marketplace and an experiential economy. At the same time, customers are increasingly demanding simple, new, and convenient experiences.

ABC Consulting helps global corporations $-$ in over $20$ countries $-$ develop unique solutions to address their complex business challenges and create value through sustainable innovation. As pragmatic consultants with an eye on execution, they help you design and achieve market$-$leading performance roadmaps by combining creative thinking, technology expertise, and global reach.

$1.$ Details of Bonus Issue

The Company has allotted $1,14,84,72,332$ fully paid$-$up equity shares of face value $`5$ each in June $2015$ to the shareholders of the Company in proportion of $1$:$1$ and consequently, the number of shares increased from $1,14,84,72,332$ to $2,29,69,44,664.$

The Company allotted $57,42,36,166$ fully paid up equity shares of face value $`5$ each in December $2014$ to the shareholders of the Company in proportion of $1$:$1$ and consequently, the number of shares increased from $57,42,36,166$ to $1,14,84,72,332.$

It was on October $10,2014,$ that the company had recommended a bonus issue of one equity share for every equity share held $(1$:$1$ bonus issue$).$

It fixed December $3,2014,$ as the record date for the purpose of allotment of bonus shares $/$ stock dividend.

The company has mentioned in the Board of Directors report that sufficient cash balance has been kept by the company to meet its strategic objectives. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements. Announcement date of Bonus Issue $24/4/2015$

Ex$-$Bonus Date $15/6/2015$

Q$1)$ Ex$-$Bonus date is the date:

Select one:

a$.$

On which the share price is adjusted on stock exchanges.

b$.$

On which the share price is decreased on stock exchanges.

c$.$

On which the share price is increased on stock exchanges.

d$.$

which is before the record date.

Q$2)$Which among the following are the effects of Bonus Issue?

Select one:

a$.$

Share capital gets increased

b$.$

Liquidity in the stock increases

c$.$

Accumulated profits get reduced

d$.$

All of the above

Q$3)$A listed company may issue bonus shares to its members if authorized by:

Select one:

a$.$

Memorandum of Association

b$.$

Articles of Association

c$.$

Both of above

d$.$

None of these

Q$4)$The bonus shares shall be made out of:

Select one:

a$.$

free reserves only

b$.$

either free reserves or securities premium

c$.$

either free reserves or revaluation reserves

d$.$

either free reserves or revaluation reserves or capital reserves

Q$5)$In case if Rupee further depreciates vis$--$vis US $ in the beginning of the year $2017,$ then the Net Profit of the company:

Select one:

a$.$

is likely to increase for the fin year $2016-2017$

b$.$

is likely to decrease for the fin year $2016-2017$

c$.$

is likely to remain same for the fin year $2016-2017$

d$.$

is likely to increase for the fin year $2015-2016$