Question # 1

If any business organization is considered as a body then office is its

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Capital

Heart

Brain

None of these

Issuance of notice about statutory meeting is the responsibility of:

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Promoters

Shareholders

Company secretary

Directors

The language of official letter is generally:

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Typical

Definite

Both

Courteous

Sole proprietorship is:

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Non-flexible

Flexible

Durable

None of these

How many types of an indents

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2

3

4

5

Which business organization requires legal permission for commencement

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Sole tradership

Partnership

Joint stock company

None of these

Who cannot be a member of co-operative society

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Govt. Servant

Illiterate person

Minor person

None of these

Due to office machines

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Saving of time and lobour

Convenience in work

Increase in efficiency

All of these

The wholesaler makes it easy for:

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Retailer

Manufacturers

Retailer and manufacturer

None of these

How many types of business finance

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2

3

4

5

Maximum number of members in a co-operative society:

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Ten

Twenty

Fifty

None of these

We can transfer more goods through which means of transport:

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Railway

Truck

Air plane

Wagon

Age of minor partner is:

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18 years

More than 18 years

Less than 18 years

None of these

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

The cheapest source of foreign transportation for good

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Train

Air plane

Wagon

Railway

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

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

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