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	At least how many partners should have a limited liability in a limited partnership	One Two Three Four
2	The best form of a partnership deed is	Verbal Written Written & registered None of the above
3	If the court declares the bankruptcy of any partner in partnership firm	The partnership continues The partnership becomes weak The partnership becomes cancels A new partner is admitted
4	Active partner in a partnership business	Invests but doesn't take part in the business Neither invests nor takes part in the business Invests and takes part in the business None of the above
5	The maximum number of partners in ordinary partnership	Ten Twenty Thirty Forty
6	A non-active partner in a partnership	Neither invests nor takes part in the business Doesn't invest but takes part in the business Invests but doesn't take part in the business None of the above
7	The liability of a partner in partnership is normally	Limited Unlimited Not at all All the above
8	The minimum number of partners in banking business are	Ten Twenty Thirty Fifty
9	The minimum number of partnership in a partnership are	Two Four Six Ten
10	Limited partnership is formed under limited partnership act	1897 1907 1917 1927
11	Partnership business is formed under the partnership act	1910 1922 1932 1990
12	Sole proprietor's is generally carried on	Small scale Medium scale Large scale All these are wrong
13	A sole proprietor may expand his business by	Employing more persons Having a new shareholder Both a and b Having more shareholders
14	In which form of business organization, the element of secrecy is remained or maintained	Partnership Joint stock company Sole tradership None of the above
15	The expenses for the formation of sole tradership are	Less More Almost none Not at all

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