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 life of sole tradership is	Long Short Defined/fixed Both long and short
2	The formation of sole tradership as compared of partnership is	Easy Difficult Same (No difference) All of the above
3	The participants in sole tradership are/is	One Two Three Five
4	A sole proprietor forms his business after	The government's acceptance Fulfilling the legal requirements His own will The permission of relatives
5	The sole tradership is a business organization of	Modern times Old times A combination of (a) and (b) All the above
6	The success of tradership is dependent to	The administration The capability of the manger The capability of sole trader The cooperation of friends
7	In sole tradership, the derisions are held	Belatedly Without any delay After the meeting of administration With the suggestions of relatives
8	In sole tradership, the responsibility of loss is on	The manger Many people A single person The employees
9	In sole tradership	The government provides finance Only the trader provides finance Many people collectively provide finance The relatives provide finance
10	In order to wind up the sole tradership	The acceptance of the government is sought No legal process is required The meeting of administration is The will of the friends is required
11	The decisions of sole trader ship depend on	The will of friends The will of sole-trader The will of government The will of relatives
12	Helps or facilitates to trade	Business organizations Retailers Trade auxiliaries National organizations
13	Secondary industry can be divided into two parts	Constructive, extractive Constructive, manufacturing Extractive, genetics Constructive, genetics
14	Primary industry can be divided into two parts	Extractive, genetics Constructive, genetics Extractive, secondary Construcive, manufacturing
15	Two types of industry	Constructive, genetics Extractive, genetics Primary, secondary Constructive, manufacturing

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