Question # 1

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

The management committee of society is elected by

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Shareholders

Government

The will of one person

All are correct

A sole proprietor may expand his business by:

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Employing more persons

Having a new shareholder

Both (a) and (b)

Having more shareholders

If a person gets his property insured from to different company's then it is called:

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Whole life insurance

Double insurance

Compensatory insurance

None of these

Registration of the partnership business:

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Is necessary

Depends on the will of partners

Depends on the will of registrar

None of these

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

Because of an organized office, business

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Expands/widens

Contracts

remains unchanged

None of these

Sole proprietor's is generally carried on:

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Small scale

Medium scale

Large scale

All the above

What are the advantages of means of transportation ?

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Industrial development

Stability in prices

Expansion of market

All the above

People who run the management of a joint stock company are:

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Shareholders

Creditors

Directors

Debenture holders

The owner of a company are

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The employees of company

The debentureholders

The shareholders

The creditors

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 relatives

Methods of filing:

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Horizonal and vertical

Arch and horizontal

Arch and vertical

None of these

The agent who sells and buys goods of all kinds is called

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Commission agent

Underwriter

Broker

Exporting agent

Partnership business as compared to sole tradership is:

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More flexible

Less flexible

Not flexible

May be in all forms

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