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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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
In which form of business organization, the element of secrecy is maintained:
Question # 2
The decisions of sole trader ship depend on
Question # 3
The formation of sole tradership as compared partnership is:
Question # 4
Not important for sole proprietorship:
Question # 5
A sole proprietor may expand his business by
Question # 6
The decisions of sole trade ship depend on:
Question # 7
A sole proprietor forms his business after
Question # 8
A sole proprietor forms his business after:
Question # 9
In sole tradership
Question # 10
The participants in sole tradership are/is
Question # 11
The life of sole tradership is
Question # 12
In sole tradership, the derisions are held:
Question # 13
Transfer of sole proprietorship:
Question # 14
The expenses for the formation of sole tradership are
Question # 15
The expenses for the formation of sole tradership are:
11th Principles of Commerce Chapter 3 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 3 Sole Tradership Test. Click the button for 100% free full practice test.
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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 | 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)
|
| 3 | 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
|
| 4 | In which form of business organization, the element of secrecy is maintained: |
A. Partnership
B. Joint stock company
C. Sole tradership
D. None of the above
|
| 5 | Sole proprietor's is generally carried on |
A. Small scale
B. Medium scale
C. Large scale
D. All these are wrong
|
| 6 | In sole tradership, the responsibility of loss is on |
A. The manger
B. Many people
C. A single person
D. The employees
|
| 7 | Sole proprietor's is generally carried on: |
A. Small scale
B. Medium scale
C. Large scale
D. All the above
|
| 8 | 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
|
| 9 | The expenses for the formation of sole tradership are |
A. Less
B. More
C. Almost none
D. Not at all
|
| 10 | The life of sole tradership is |
A. Long
B. Short
C. Defined/fixed
D. Both long and short
|
Test Questions
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