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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
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 # 2
The minimum number of persons in a multimembers private company:
Choose an answer
Seven
Four
Two
Three
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Question # 3
The minimum number of persons in a public ltd. company
Choose an answer
Thirty five
Fifty
Unlimited
Twenty
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Question # 4
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 # 5
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 # 6
Joint stock company is that business organizations which is:
Choose an answer
Durable
Not ended
Not durable
None of these
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Question # 7
Liability of shareholders in a joint stock company is:
Choose an answer
Limited
Unlimited
None
All are correct
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Question # 8
The minimum number of persons in a multi-members private company
Choose an answer
Seven
Four
Two
Three
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Next
Question # 9
Liability of shareholders in a joint stock company is
Choose an answer
Limited
Unlimited
None
All are correct
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Question # 10
Which business organization can be dissolved through a legal procedure
Choose an answer
Sole tradership
Partnership
Joint stock company
None of these
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Question # 11
Which business organization requires legal permission for commencement:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 12
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 # 13
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 # 14
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 # 15
Maximum number of shareholders in a multi-members private company
Choose an answer
Ten
Fifty
No limited
Twenty
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Question # 16
The maximum number of person in a public limited company:
Choose an answer
Thirty five
Fifty
Unlimited
Twenty
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Question # 17
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 # 18
Which business organization requires legal permission for commencement
Choose an answer
Sole tradership
Partnership
Joint stock company
None of these
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Next
Question # 19
The persons who manage the affairs of company are called
Choose an answer
The shareholders
The debentureholders
The promoters
The directors
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