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NAT I Commerce Commerce MCQs With Answers
Question # 1
Tell about like and dislike of
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Retailer
Trader
Wholesaler
Mill owner
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Question # 2
The kind of human activities are
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Three
Four
Two
Five
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Question # 3
In sole proprietorship the capital is
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Limited
Depends upon sources of the owner
Unlimited
None of these
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Question # 4
The objective of advertisement is to
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Introduce the goods
Save the goods
Reach the goods to consumers
All of these
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Question # 5
Advertising expenses are met by
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Consumers
Whole seller
Owner of the goods
Retailer
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Question # 6
The partner who performs work practically is known as
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Nominal partner
Minor partner
Active partner
Passive partner
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Question # 7
The persons performing services for the formation of joint stock Company are called as
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Promoters
Underwriters
Shareholder
Debenture holders
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Question # 8
The most important part of a letter is
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Subject
Letter heading
Body of the letter
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Question # 9
Minimum number of Directors in public Limited company?
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Three
Five
Seven
All of these
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Question # 10
The primary object of cooperative society is to
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Earn profit
Not to earn profit
Member's welfare
To make Allah Happy
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Question # 11
Maximum number of partners in partnership business is
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2
20
21
10
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Question # 12
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
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Question # 13
The most important document of Joint stock company is
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Prospectus
Memorandum of Association
Articles of Association
Certificate of Commencement
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Question # 14
Maximum number of partners in Banking business is
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40
30
20
10
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Question # 15
Retailer sells goods to
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Consumers
Hawkers
Industrialist
Wholesaler
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Question # 16
Development of National Trade solves the problems of
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Water
Unemployment
Illiteracy
All of these
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Question # 17
Literal meanings of trade are
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To exchange
Buying and selling
To remove hindrance of time
Business
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Question # 18
In sole-proprietorship the capital is
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Limited
Unlimited
Depends upon sources of the owner
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