Question # 1

The partner who performs work practically is known as

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Nominal partner

Minor partner

Active partner

Passive partner

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

Wholesaler purchases in

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Suitable quantities

Bulk quantities

Small quantities

Responsibility of sole proprietor in sole proprietorship is

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Unlimited

Limited

On Govt

It is required necessary for international trade

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Letter of credit

Letter of debit

Agency letter

Circular letter

Calculating machine is

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Punching machine

Calculator

Photo stat machine

stapler machine

The objective of advertisement is to

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Introduce the goods

Save the goods

Reach the goods to consumers

All of these

Word trade means

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The exchange of goods

The purchasing and selling of goods

The business

The production of goods

Partnership is formed under Partnership act:

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1940

1984

1913

1932

The new latest machine of calculating is

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Calculator

Computer

Posting machine

Invoicing machine

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 of Joint stock Company is maintained under

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Company Act,1984

Company Act,1932

Company Act,1972

Company Act ,1911

Change in memorandum of association is possible by

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Shareholders

Promoters

Government

Directors

Two components of business are

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Industry and trade

Profit and loss

Commerce and industry

Trade and commerce

Advertising expenses are met by

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Consumers

Whole seller

Owner of the goods

Retailer

Maximum number of shareholders in private company is

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100

50

20

10

The letter written for the acquisition of information is

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Circular letter

Inquiry letter

Agency letter

Quotation letter

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