11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	the maximum number of partners in ordinary partnership:	Ten Twenty Thirty Forty
2	A non-active partner in a partnership:	Neither invests nor takes part in the business Doesn't invest buttakes part in the business Invests but doesn'ttake part in the business None of the above
3	The liability of a partner in partnership is normally:	Limited Unlimited Not at all all the above
4	The maximum number of partners in banking business are:	Ten Twenty Thirty Fifty
5	The minimum number of partners in a partnership are:	Two Four Six Ten
6	Limited partnership is formed under Limited Partnership Act:	1997 2007 2010 2017
7	Partnership business is formed under the Partnership Act:	1910 1922 1932 1990
8	Relation of the owner/principal with the workers and consumers in sole proprietorship are:	Not developed Direct Indirect Not good (worst)
9	Transfer of sole proprietorship:	According to legal requirements Not possible Is done easily all correct
10	Not important for sole proprietorship:	Capital Interest of owner Audit Workers
11	Sole proprietorship is:	Non-flexible Flexible Durable None of these
12	Who provides capital in sole proprietorship:	Sole owner Bank Workers Relatives
13	Sole proprietor's is generally carried on:	Small scale Medium scale Large scale All the above
14	A sole proprietor may expand his business by:	Employing more persons Having a new shareholder Both (a) and (b) Having more shareholders
15	In which form of business organization, the element of secrecy is maintained:	Partnership Joint stock company Sole tradership None of the above

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