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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
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 # 2
The persons who work for the formation of company are called
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The owners
The employees
Thew promoters
The directors
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Question # 3
In Pakistan, Joint stock company is formed under
Choose an answer
The ordinance of 1978
The ordinance of 1982
The ordinance of 1984
The ordinance of 1990
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Question # 4
Maximum number of shareholders in a multi-members private company
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Ten
Fifty
No limited
Twenty
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Question # 5
Which organization can be listed at stock exchange:
Choose an answer
Partnership
Joint Sock Company
Sole proprietorship
All the above
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Question # 6
Liability of shareholders in a joint stock company is
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Limited
Unlimited
None
All are correct
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Question # 7
The shares of a joint stock company are:
Choose an answer
Transferable
Not for common person
Of high value
All are correct
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Question # 8
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 # 9
joint stock company is that business organization which is
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Durable
Not ended
Not durable
None of these
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Question # 10
The minimum under of persons in a listed public company
Choose an answer
Seven
Eleven
Five
Two
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Question # 11
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 # 12
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 # 13
The minimum number of persons in a listed public company:
Choose an answer
Seven
Eleven
Five
Two
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Question # 14
The minimum number of persons in a multi-members private company
Choose an answer
Seven
Four
Two
Three
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Question # 15
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 # 16
The minimum number of persons in a public ltd. company
Choose an answer
Thirty five
Fifty
Unlimited
Twenty
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Question # 17
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 # 18
In Pakistan, Joint stock company is formed under:
Choose an answer
The Act of 1978
The Act of 1982
The Act of 1984
The Act of 1990
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Question # 19
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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