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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
A sole proprietor forms his business after:
Question # 2
In sole tradership, the responsibility of loss is on:
Question # 3
In order to wind up the sole tradership:
Question # 4
Who provides capital in sole proprietorship:
Question # 5
The expenses for the formation of sole tradership are:
Question # 6
The expenses for the formation of sole tradership are
Question # 7
The decisions of sole trader ship depend on
Question # 8
The sole tradership is a business organization of
Question # 9
The success of tradership is dependent to:
Question # 10
The life of sole tradership is
Question # 11
A sole proprietor may expand his business by:
Question # 12
A sole proprietor may expand his business by
Question # 13
Not important for sole proprietorship:
Question # 14
Relation of the owner/principal with the workers and consumers in sole proprietorship are:
Question # 15
The success of tradership is dependent to
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 | 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
|
| 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 relatives
|
| 3 | The expenses for the formation of sole tradership are: |
A. Less
B. More
C. Almost none
D. Not at all
|
| 4 | 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
|
| 5 | The participants in sole tradership is/are: |
A. One
B. Two
C. Three
D. Five
|
| 6 | The formation of sole tradership as compared of partnership is |
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
|
| 7 | 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
|
| 8 | The life of sole tradership is |
A. Long
B. Short
C. Defined/fixed
D. Both long and short
|
| 9 | The expenses for the formation of sole tradership are |
A. Less
B. More
C. Almost none
D. Not at all
|
| 10 | The formation of sole tradership as compared partnership is: |
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
|
Test Questions
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