First Year Principles of Commerce Chapter 3 Online MCQ Test for 1st Year Principles of Commerce Chapter 3 (Sole Tradership)

This online test contains MCQs about following topics:

Introduction and definiation . Characteristics of sole tradership . Merits of sole tradership . Demerits of sole tradreship . Suggestions to promote sole tradership

ICOM Part 1 Commerce Ch. 3 Test
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MCQ's Test For Chapter 3 "Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test"

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  • Total Questions15

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Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test

00:00
Question # 1

The success of tradership is dependent to:

Question # 2

The sole tradership is a business organization of

Question # 3

In sole tradership, the responsibility of loss is on:

Question # 4

In order to wind up the sole tradership:

Question # 5

The sole tradership is a business organization:

Question # 6

Sole proprietor's is generally carried on:

Question # 7

In order to wind up the sole tradership

Question # 8

Relation of the owner/principal with the workers and consumers in sole proprietorship are:

Question # 9

The life of tradership is:

Question # 10

The expenses for the formation of sole tradership are

Question # 11

A sole proprietor forms his business after:

Question # 12

The participants in sole tradership is/are:

Question # 13

The life of sole tradership is

Question # 14

In sole tradership:

Question # 15

In sole tradership, the derisions are held:

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Sr.# Question Answer
1 Who provides capital in sole proprietorship:
A. Sole owner
B. Bank
C. Workers
D. Relatives
2 A sole proprietor forms his business after:
A. The government's acceptance
B. Fulfilling the legal requirements
C. His own will
D. The permission of relative
3 Relation of the owner/principal with the workers and consumers in sole proprietorship are:
A. Not developed
B. Direct
C. Indirect
D. Not good (worst)
4 Transfer of sole proprietorship:
A. According to legal requirements
B. Not possible
C. Is done easily
D. all correct
5 In sole tradership, the derisions are held
A. Belatedly
B. Without any delay
C. After the meeting of administration
D. With the suggestions of relatives
6 In sole tradership
A. The government provides finance
B. Only the trader provides finance
C. Many people collectively provide finance
D. The relatives provide finance
7 The success of tradership is dependent to
A. The administration
B. The capability of the manger
C. The capability of sole trader
D. The cooperation of friends
8 Sole proprietor's is generally carried on:
A. Small scale
B. Medium scale
C. Large scale
D. All the above
9 Sole proprietorship is:
A. Non-flexible
B. Flexible
C. Durable
D. None of these
10 A sole proprietor may expand his business by:
A. Employing more persons
B. Having a new shareholder
C. Both (a) and (b)
D. Having more shareholders
11 In order to wind up the sole tradership
A. The acceptance of the government is sought
B. No legal process is required
C. The meeting of administration is
D. The will of the friends is required
12 A sole proprietor may expand his business by
A. Employing more persons
B. Having a new shareholder
C. Both a and b
D. Having more shareholders
13 The sole tradership is a business organization:
A. Modern times
B. Olden times
C. A combination of (a) and (b)
D. All the above
14 The success of tradership is dependent to:
A. The administration
B. The capability of the manger
C. The capability of sole trader
D. The cooperation of friends
15 The life of tradership is:
A. Long
B. Short
C. Defined/Fixed
D. Both long and short

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