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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
The word "Private" is not used by
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 2
Which business organization requires legal permission for commencement
Choose an answer
Sole tradership
Partnership
Joint stock company
None of these
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Question # 3
The persons who mange the affairs of company are called:
Choose an answer
The shareholders
The debentureholders
The promotors
The directors
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Question # 4
In Pakistan, Joint stock company is formed under
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The ordinance of 1978
The ordinance of 1982
The ordinance of 1984
The ordinance of 1990
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Question # 5
Maximum number of shareholders in a multi-members private company
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Ten
Fifty
No limited
Twenty
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Question # 6
Which business organization can be dissolved through a legal procedure:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 7
The minimum number of persons in a listed public company:
Choose an answer
Seven
Eleven
Five
Two
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Question # 8
The persons who work for the formation of company are called
Choose an answer
The owners
The employees
Thew promoters
The directors
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Question # 9
Maximum number of shareholders in a multi-members private company:
Choose an answer
Ten
Fifty
No limited
Twenty
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Question # 10
Which type of business organization has separate legal status apart from shareholders
Choose an answer
A sole tradership
A partnership
Joint stock company
None of these
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Question # 11
The audit of a public limited company is
Choose an answer
Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 12
The minimum number of persons in a multi-members private company
Choose an answer
Seven
Four
Two
Three
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Question # 13
The owners of a company are:
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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Question # 14
A joint stock company has the following characteristic:
Choose an answer
Delayed decisions
Payment of double tax
Limited liability of shareholders
All of the above
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Question # 15
Which business organization requires legal permission for commencement:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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