Online NAT ICOM Commerce Test Preparation for Pakistani Students

NAT I Commerce Commerce

Sr. #	Questions	Answers Choice
1	Maximum number of partners in partnership business is	2 20 21 10
2	In sole proprietorship the capital is	Limited Depends upon sources of the owner Unlimited None of these
3	Sole proprietorship is the	Old form of business organization Developed form of business organization Modern form of business organization Obsolete form of business organization
4	Sole proprietorship is suitable for:	Large scale business Small scale business Medium scale business All of these
5	A person who takes part in economic activities to earn the profit is called	Businessman Industrialist Professional Banker
6	Industry relates to	Production of good Trade Exchange of goods Purchasing and selling of goods
7	Word trade means	The exchange of goods The purchasing and selling of goods The business The production of goods