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

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

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Question # 1

Who provides capital in sole proprietorship:

Question # 2

The formation of sole tradership as compared partnership is:

Question # 3

In sole tradership, the responsibility of loss is on

Question # 4

Sole proprietor's is generally carried on:

Question # 5

A sole proprietor may expand his business by

Question # 6

The formation of sole tradership as compared of partnership is

Question # 7

The life of tradership is:

Question # 8

The participants in sole tradership are/is

Question # 9

Sole proprietorship is:

Question # 10

Not important for sole proprietorship:

Question # 11

The success of tradership is dependent to:

Question # 12

In sole tradership, the derisions are held

Question # 13

The success of tradership is dependent to

Question # 14

Transfer of sole proprietorship:

Question # 15

The expenses for the formation of sole tradership are

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ICom Part 1 Principle of Commerce (English Medium) Chapter 3 Important MCQ's

Sr.# Question Answer
1 Sole proprietorship is:
A. Non-flexible
B. Flexible
C. Durable
D. None of these
2 In sole tradership, the responsibility of loss is on:
A. The manger
B. Many people
C. A single person
D. The employees
3 The expenses for the formation of sole tradership are
A. Less
B. More
C. Almost none
D. Not at all
4 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
5 The sole tradership is a business organization:
A. Modern times
B. Olden times
C. A combination of (a) and (b)
D. All the above
6 The sole tradership is a business organization of
A. Modern times
B. Old times
C. A combination of (a) and (b)
D. All the above
7 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 required
D. The will of the friends is required
8 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
9 In which form of business organization, the element of secrecy is remained or maintained
A. Partnership
B. Joint stock company
C. Sole tradership
D. None of the above
10 Sole proprietor's is generally carried on
A. Small scale
B. Medium scale
C. Large scale
D. All these are wrong

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