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"

Try The MCQ's Test For Chapter 3 "Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test"

  • Total Questions15

  • Time Allowed20

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

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Question # 1

The participants in sole tradership are/is

Question # 2

The life of tradership is:

Question # 3

In order to wind up the sole tradership:

Question # 4

In sole tradership, the responsibility of loss is on:

Question # 5

Sole proprietor's is generally carried on

Question # 6

Who provides capital in sole proprietorship:

Question # 7

Not important for sole proprietorship:

Question # 8

Sole proprietorship is:

Question # 9

In sole tradership:

Question # 10

The sole tradership is a business organization of

Question # 11

In which form of business organization, the element of secrecy is remained or maintained

Question # 12

The expenses for the formation of sole tradership are

Question # 13

Sole proprietor's is generally carried on:

Question # 14

In sole tradership, the derisions are held

Question # 15

The formation of sole tradership as compared partnership is:

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11th Principles of Commerce Chapter 3 Test

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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 life of sole tradership is
A. Long
B. Short
C. Defined/fixed
D. Both long and short
3 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
4 In sole tradership, the responsibility of loss is on:
A. The manger
B. Many people
C. A single person
D. The employees
5 The participants in sole tradership is/are:
A. One
B. Two
C. Three
D. Five
6 The expenses for the formation of sole tradership are
A. Less
B. More
C. Almost none
D. Not at all
7 In sole tradership, the responsibility of loss is on
A. The manger
B. Many people
C. A single person
D. The employees
8 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
9 Sole proprietorship is:
A. Non-flexible
B. Flexible
C. Durable
D. None of these
10 The life of tradership is:
A. Long
B. Short
C. Defined/Fixed
D. Both long and short

Test Questions

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