11th class Principles of Commerce chapter 5 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 5(Joint Stock Company (I))

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

Sr. #	Questions	Answers Choice
1	The owners of a company are:	The employees of company The debentureholders The shareholders The creditors
2	The minimum number of persons in a listed public company:	Seven Eleven Five Two
3	In Pakistan, Joint stock company is formed under:	The Act of 1978 The Act of 1982 The Act of 1984 The Act of 1990
4	Maximum number of shareholders in a multi-members private company	Ten Fifty No limited Twenty
5	joint stock company is that business organization which is	Durable Not ended Not durable None of these
6	Liability of shareholders in a joint stock company is	Limited Unlimited None All are correct
7	Which business organization requires legal permission for commencement	Sole tradership Partnership Joint stock company None of these
8	Which business organization can be dissolved through a legal procedure	Sole tradership Partnership Joint stock company None of these
9	Which type of business organization has separate legal status apart from shareholders	A sole tradership A partnership Joint stock company None of these
10	The word "Private" is not used by	A statutory company A public company A chartered company All the above
11	The persons who work for the formation of company are called	The owners The employees Thew promoters The directors
12	The persons who manage the affairs of company are called	The shareholders The debentureholders The promoters 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 minimum number of persons in a public ltd. company	Thirty five Fifty Unlimited Twenty
15	The minimum number of persons in a multi-members private company	Seven Four Two Three

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