Question # 1

The important function of an office is

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To provide information

To sell the goods

To purchase the goods

To improve the efficiency of the management

The formation and dissolution of sole proprietorship is

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Easy

Complicated

Difficult

Very complicated

Two components of business are

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Industry and trade

Profit and loss

Commerce and industry

Trade and commerce

We call exchange of goods with goods:

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Barter system

Co-trade

Industry

Commerce

In partnership the age of minor partner is

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20 years

22 years

18 years

Below 18 years

The partner who performs work practically is known as

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Nominal partner

Minor partner

Active partner

Passive partner

Tell about like and dislike of

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Retailer

Trader

Wholesaler

Mill owner

Through advertisement new goods are

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Produced

Sold

Introduced

Spoiled

In partnership business decisions are made:

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With the consultation of all the partners

By only active partners

According to the conditions of partnership deed

According to the business conditions

In order to obtain loan from the public company issuses

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Shares

Debentures

Dividend

All of these

The method of Card Board Filling System is

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Old

New

Safe

Famous

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NAT I Commerce Commerce MCQs With Answers

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