First Year Principles of Commerce Chapter 5 Online MCQ Test for 1st Year Principles of Commerce Chapter 5 (Joint Stock Company (I))

This online test contains MCQs about following topics:

Introduction, definition and evolution of Joint Stock company . Characteristics of J.S.C . Adavantages of J.S.C . Disadvantages of J.S.C . Comparison of differnet business organizations

ICOM Part 1 Commerce Ch. 5 Test
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MCQ's Test For Chapter 5 "Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test"

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  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test

00:00
Question # 1

joint stock company is that business organization which is

Question # 2

Liability of shareholders in a joint stock company is

Question # 3

Maximum number of shareholders in a multi-members private company

Question # 4

The persons who manage the affairs of company are called

Question # 5

The owner of a company are

Question # 6

Which organization can be listed at stock exchange:

Question # 7

The minimum number of persons in a multimembers private company:

Question # 8

Liability of shareholders in a joint stock company is:

Question # 9

The persons who work for the formation of company are called:

Question # 10

The audit of a public limited company is:

Question # 11

Joint stock company is that business organizations which is:

Question # 12

The minimum number of persons in a multi-members private company

Question # 13

The minimum number of persons in a public ltd. company

Question # 14

The persons who work for the formation of company are called

Question # 15

The audit of a public limited company is

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Sr.# Question Answer
1 Which business organization requires legal permission for commencement:
A. Sole tradership
B. Partnership
C. Joint Sock Company
D. None of these
2 The minimum number of persons in a multi-members private company
A. Seven
B. Four
C. Two
D. Three
3 Which type of business organization has separate legal status apart from shareholders
A. A sole tradership
B. A partnership
C. Joint stock company
D. None of these
4 The minimum number of persons in a multimembers private company:
A. Seven
B. Four
C. Two
D. Three
5 Which business organization can be dissolved through a legal procedure:
A. Sole tradership
B. Partnership
C. Joint Sock Company
D. None of these
6 The minimum number of persons in a listed public company:
A. Seven
B. Eleven
C. Five
D. Two
7 Which business organization can be dissolved through a legal procedure
A. Sole tradership
B. Partnership
C. Joint stock company
D. None of these
8 The owners of a company are:
A. The employees of company
B. The debentureholders
C. The shareholders
D. The creditors
9 The audit of a public limited company is
A. Not necessary
B. Necessary on yearly basis
C. After every three years
D. After every six months
10 The minimum number of persons in a public ltd. company
A. Thirty five
B. Fifty
C. Unlimited
D. Twenty
11 The persons who mange the affairs of company are called:
A. The shareholders
B. The debentureholders
C. The promotors
D. The directors
12 The maximum number of person in a public limited company:
A. Thirty five
B. Fifty
C. Unlimited
D. Twenty
13 The owner of a company are
A. The employees of company
B. The debentureholders
C. The shareholders
D. The creditors
14 The persons who manage the affairs of company are called
A. The shareholders
B. The debentureholders
C. The promoters
D. The directors
15 Maximum number of shareholders in a multi-members private company:
A. Ten
B. Fifty
C. No limited
D. Twenty

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