Question # 1

Which business organization can sale its shares to public:

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Partnership

Private Limited Company

Sole proprietorship

Public Limited Company

The documents through which the public is offered to purchase the shares of the company is called

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Prospectus

Articles of association

Memorandum of association

Statement in lieu of prospectus

Industry is a part of

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Commerce

Trade

Business

Finance

Mudaraba business is commenced with Mudaraba Ordinance

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1980

1988

1984

1992

Industry relates to

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Production of good

Trade

Exchange of goods

Purchasing and selling of goods

Sole proprietorship is the

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Old form of business organization

Developed form of business organization

Modern form of business organization

Obsolete form of business organization

Basic objective of business is

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Exchange of goods

To earn profit

Service to society

Development of National Trade solves the problems of

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Water

Unemployment

Illiteracy

All of these

A person who takes part in economic activities to earn the profit is called

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Businessman

Industrialist

Professional

Banker

Sole proprietorship is suitable for

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Large scale business

Medium scale business

Small scale business

For all of these

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