Question # 1

In Pakistan, Joint stock company is formed under:

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The Act of 1978

The Act of 1982

The Act of 1984

The Act of 1990

In case of cumulative preference shares, the profit if not paid for one year is

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Expired

Not expired

Included in company's capital

None of the above

Due to advertisement:

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Number of customer increases

Number of customer reduces

Number of customer remains the same

The old customers leave

Joint stock company is that business organizations which is:

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Durable

Not ended

Not durable

None of these

A sole proprietor forms his business after:

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The government's acceptance

Fulfilling the legal requirements

His own will

The permission of relative

In order to determine the size of a business we consider

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The availability of the capital

The demand of the goods

The capacity of production

All the above

If the court declares the bankruptcy of any partner in partnership then

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The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

The details of the allotted shares is mentioned in:

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Statutory report

Annual meeting report

Special meeting report

All of them

How many copies of bill of lading are prepared

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Two

Three

Four

Five

Trade means

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Wholesaling

Retailing

Import and export

All the three

The remuneration of an agent is called:

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Wages

Profit

Salary

Commission

What does a company issue to get loan from the public

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Shares

Debentures

Dividend

All the three

Which documents are prepared by the exporter after the settlement of affairs are

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Invoice

Consular invoice

Certificate of origin

All of them

Trade is an activity of buying ans selling of goods for money or other goods are called

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Trade

Home trade

Foreign trade

None of the above

The most important document of a company is

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The memorandum

The articles

The prospectus

The accounts of company

The following has faster speed than hand typewriter

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Electric type machine

Automatic type machine

Photo state machine

None of these

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