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

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

Sr. # Questions Answers Choice
1 The person who provide finance / capital to company are known as: Directors Promoters Shareholders None of these
2 Which organization can be listed at stock exchange: Partnership Joint Sock Company Sole proprietorship All the above
3 A joint stock company has the following characteristic: Delayed decisions Payment of double tax Limited liability of shareholders All of the above
4 The shares of a joint stock company are: Transferable Not for common person Of high value All are correct
5 Maximum number of shareholders in a multi-members private company: Ten Fifty No limited Twenty
6 Joint stock company is that business organizations which is: Durable Not ended Not durable None of these
7 Liability of shareholders in a joint stock company is: Limited Unlimited None All are correct
8 Which business organization requires legal permission for commencement: Sole tradership Partnership Joint Sock Company None of these
9 Which business organization can be dissolved through a legal procedure: Sole tradership Partnership Joint Sock Company None of these
10 Which type of business organization has separate legal status apart from shareholders: A sole tradership A partnership Joint stock company None of these
11 The persons who work for the formation of company are called: The owners The employees The promoters The directors
12 The persons who mange the affairs of company are called: The shareholders The debentureholders The promotors The directors
13 The audit of a public limited company is: Not necessary Necessary on yearly basis After every three years After every six months
14 The maximum number of person in a public limited company: Thirty five Fifty Unlimited Twenty
15 The minimum number of persons in a multimembers private company: Seven Four Two Three
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