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

00:00
Question # 1

In sole tradership, the responsibility of loss is on:

Question # 2

The expenses for the formation of sole tradership are:

Question # 3

A sole proprietor forms his business after:

Question # 4

The formation of sole tradership as compared of partnership is

Question # 5

The formation of sole tradership as compared partnership is:

Question # 6

The participants in sole tradership are/is

Question # 7

The life of sole tradership is

Question # 8

A sole proprietor may expand his business by

Question # 9

Sole proprietor's is generally carried on:

Question # 10

The participants in sole tradership is/are:

Question # 11

In sole tradership, the derisions are held

Question # 12

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

Question # 13

In sole tradership:

Question # 14

In sole tradership, the derisions are held:

Question # 15

The sole tradership is a business organization:

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

Sr.# Question Answer
1 Sole proprietor's is generally carried on
A. Small scale
B. Medium scale
C. Large scale
D. All these are wrong
2 The formation of sole tradership as compared of partnership is
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
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 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 relatives
6 The formation of sole tradership as compared partnership is:
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
7 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
8 In sole tradership, the responsibility of loss is on:
A. The manger
B. Many people
C. A single person
D. The employees
9 The decisions of sole trader ship depend on
A. The will of friends
B. The will of sole-trader
C. The will of government
D. The will of relatives
10 Sole proprietor's is generally carried on:
A. Small scale
B. Medium scale
C. Large scale
D. All the above

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