Principle of Commerce Icom Part 1 English Medium Online Test With Answers

image
image
image

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 The minimum number of members in a co-operative society: Two Five Twenty Thirty
2 A co-operative society is established by: Government institutions Capitalists Financially weak consumer All the people
3 What are the capital sources of co-operative society: Fee of members By selling shares to members Both (a) and (b) National and international institutions
4 In Pakistan, a co-operative society is established under the following act: 1920 1925 1930 1935
5 Co-operative society started in: 1840 1844 1845 1850
6 Who provides the capital for co-operative society: Government Members Banks None of these
7 Co-operative society is established under the following act: 1920 1925 1930 1935
8 The basic aim of a co-operative society is: To store goods To earn profit To serve members All the above
9 The report send along with the notice of statutory meeting is called: Company report Auditor'sreport Statutoryreport Profit and lossreport
10 Issuance of notice about statutory meeting is the responsibility of: Promoters Shareholders Company secretary Directors
11 The shareholders should be informed about the statutory meeting least: 14 days before 21 days before 7 days before None of these
12 What is not necessary for a private company: Statutory meeting Statutory report Both (a) & (b) None of these
13 A Statutory meeting is called after getting the certificate of commencement: After 3 Months After 6 Months After 3 months and before 6 months Within a year
14 Who can be a director of a company: Immature / Minor Artificial person Representative of the creditor Insolvent person
15 The directors are selected by: Shareholders Promoters Board of directors All three can do
Download This Set
×