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This online test contains MCQs about following topics:
Introduction and definiation . Characteristics of sole tradership . Merits of sole tradership . Demerits of sole tradreship . Suggestions to promote sole tradership
ICOM Part 1 Commerce Ch. 3 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 3 "Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test"
Try The MCQ's Test For Chapter 3 "Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
A sole proprietor may expand his business by:
Question # 2
In order to wind up the sole tradership
Question # 3
The expenses for the formation of sole tradership are:
Question # 4
The participants in sole tradership are/is
Question # 5
In sole tradership, the responsibility of loss is on
Question # 6
The expenses for the formation of sole tradership are
Question # 7
The participants in sole tradership is/are:
Question # 8
The decisions of sole trade ship depend on:
Question # 9
Sole proprietor's is generally carried on
Question # 10
Transfer of sole proprietorship:
Question # 11
Not important for sole proprietorship:
Question # 12
In sole tradership, the derisions are held
Question # 13
Who provides capital in sole proprietorship:
Question # 14
Sole proprietor's is generally carried on:
Question # 15
A sole proprietor forms his business after
11th Principles of Commerce Chapter 3 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 3 Sole Tradership Test. Click the button for 100% free full practice test.
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | A sole proprietor forms his business after: |
A. The government's acceptance
B. Fulfilling the legal requirements
C. His own will
D. The permission of relative
|
| 2 | Not important for sole proprietorship: |
A. Capital
B. Interest of owner
C. Audit
D. Workers
|
| 3 | The expenses for the formation of sole tradership are |
A. Less
B. More
C. Almost none
D. Not at all
|
| 4 | The decisions of sole trader ship depend on |
A. The will of friends
B. The will of sole-trader
C. The will of government
D. The will of relatives
|
| 5 | A sole proprietor may expand his business by: |
A. Employing more persons
B. Having a new shareholder
C. Both (a) and (b)
D. Having more shareholders
|
| 6 | The sole tradership is a business organization of |
A. Modern times
B. Old times
C. A combination of (a) and (b)
D. All the above
|
| 7 | Relation of the owner/principal with the workers and consumers in sole proprietorship are: |
A. Not developed
B. Direct
C. Indirect
D. Not good (worst)
|
| 8 | In sole tradership, the responsibility of loss is on: |
A. The manger
B. Many people
C. A single person
D. The employees
|
| 9 | Transfer of sole proprietorship: |
A. According to legal requirements
B. Not possible
C. Is done easily
D. all correct
|
| 10 | The life of tradership is: |
A. Long
B. Short
C. Defined/Fixed
D. Both long and short
|
| 11 | The decisions of sole trade ship depend on: |
A. The will of friends
B. The will of sole-trader
C. The will of government
D. The will of relatives
|
| 12 | In sole tradership, the derisions are held |
A. Belatedly
B. Without any delay
C. After the meeting of administration
D. With the suggestions of relatives
|
| 13 | The sole tradership is a business organization: |
A. Modern times
B. Olden times
C. A combination of (a) and (b)
D. All the above
|
| 14 | The formation of sole tradership as compared of partnership is |
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
|
| 15 | Sole proprietorship is: |
A. Non-flexible
B. Flexible
C. Durable
D. None of these
|
Test Questions
