11th class Principles of Commerce chapter 3 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 3(Sole Tradership)

Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test

Sr. #	Questions	Answers Choice
1	Relation of the owner/principal with the workers and consumers in sole proprietorship are:	Not developed Direct Indirect Not good (worst)
2	Transfer of sole proprietorship:	According to legal requirements Not possible Is done easily all correct
3	Not important for sole proprietorship:	Capital Interest of owner Audit Workers
4	Sole proprietorship is:	Non-flexible Flexible Durable None of these
5	Who provides capital in sole proprietorship:	Sole owner Bank Workers Relatives
6	Sole proprietor's is generally carried on:	Small scale Medium scale Large scale All the above
7	A sole proprietor may expand his business by:	Employing more persons Having a new shareholder Both (a) and (b) Having more shareholders
8	In which form of business organization, the element of secrecy is maintained:	Partnership Joint stock company Sole tradership None of the above
9	The expenses for the formation of sole tradership are:	Less More Almost none Not at all
10	The life of tradership is:	Long Short Defined/Fixed Both long and short
11	The formation of sole tradership as compared partnership is:	Easy Difficult Same (No difference) All of the above
12	The participants in sole tradership is/are:	One Two Three Five
13	A sole proprietor forms his business after:	The government's acceptance Fulfilling the legal requirements His own will The permission of relative
14	The sole tradership is a business organization:	Modern times Olden times A combination of (a) and (b) All the above
15	The success of tradership is dependent to:	The administration The capability of the manger The capability of sole trader The cooperation of friends

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