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 shares of a co-operative society can be transferred	At any time After 6 months After 1 years All are wrong
2	Maximum number of members in a co-operative society	Ten Twenty Fifty None of these
3	The price of the share of society is	Equal to the face price Above the face price Less than the face price All the above
4	What is excluded from a co-operative society	Consumer Retailer Wholesaler Capitalist
5	The minimum number of members in a co-operative society	Two Five Ten Twenty
6	A co-operative society is established by	Government institutions Capitalist Financially weak consumer All the people
7	What are the capital sources of co-operative society	Fee of members By selling shares to members Both a and b National and international institutions
8	Who provides the capital for co-operative society	Government Members Banks None of these
9	In Pakistan, a co-operative society is established under the following act	1920 1925 1930 1935
10	Co-operative society started in	1840 1844 1845 1850
11	The basic aim of a co-operative society is	To store goods To earn profit The welfare of members of society All the above
12	Who can be a director of a company	Immature/Minor Artificial person Representative of the creditor Insolvent person
13	The directors are selected by	Shareholders Promoters Board of directors All three can do
14	People who run the management of a joint stock company are	Shareholders Creditors Directors Debentureholders
15	To whom does the directors of a company submit the copy of profit and loss account	Company's registrar Company's auditor Company's creditor None of them

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