Question # 1

Selling the goods in large quantity on low profile results in:

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More profit

Less profit

Reasonable profit

No profit

A manufacturer wholesalers make their goods:

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Themselves

From others

Both (a) and (b)

None of the above

Letters are folded by:

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Folding machine

Sealingmachine

Staplermachine

All are correct

Commerce is the component of

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Industry

Trade

Business

Government service

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

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The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

An import trader can get himself registered under:

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import and export control Act 1950

import and export control Act 1952

import and export control Act 1975

None of these

What is written on the bill of entry of goods:

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Quantity and price

Value of insurance

Quality and type

None of the above

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

Partnership business as compared to sole tradership is:

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More flexible

Less flexible

Not flexible

May be in all forms

An official letter is a cheap means of communication as compared to other means due to its less cost

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Cheap means

Settlement of disputes

Written proof

None of these

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

Who can be a director of a company

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Immature/Minor

Artificial person

Representative of the creditor

Insolvent person

Short term financing helps in meeting the

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Seasonal requirements of business

Emergency expenses

Both a and b

None of these

Warehousing for government is the source of:

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Income

Problem / tension

Debt

None of these

The advertisement:

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Increases money

Saves money

Is wastage of money

Decreases money

Which business organization requires legal permission for commencement

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Sole tradership

Partnership

Joint stock company

None of these

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