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	In sole tradership, the derisions are held:	Balatedly Without and delay After the meeting of administration With the suggestions of relatives
2	In sole tradership, the responsibility of loss is on:	The manger Many people A single person The employees
3	In sole tradership:	The government provides finance Only the trader provides finance Many people collectively provide finance The relatives provide finance
4	In order to wind up the sole tradership:	The acceptance of the government is sought No legal process is required The meeting of administration is required The will of the friends is required
5	The decisions of sole trade ship depend on:	The will of friends The will of sole-trader The will of government The will of relatives
6	Sole proprietor's is generally carried on	Small scale Medium scale Large scale All these are wrong
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 remained or 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 sole tradership is	Long Short Defined/fixed Both long and short
11	The formation of sole tradership as compared of partnership is	Easy Difficult Same (No difference) All of the above
12	The participants in sole tradership are/is	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 relatives
14	The sole tradership is a business organization of	Modern times Old 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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