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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
The decisions of sole trade ship depend on:
Question # 2
The life of tradership is:
Question # 3
Who provides capital in sole proprietorship:
Question # 4
The participants in sole tradership are/is
Question # 5
The participants in sole tradership is/are:
Question # 6
Relation of the owner/principal with the workers and consumers in sole proprietorship are:
Question # 7
Sole proprietor's is generally carried on
Question # 8
In which form of business organization, the element of secrecy is maintained:
Question # 9
In sole tradership, the derisions are held
Question # 10
A sole proprietor forms his business after
Question # 11
The expenses for the formation of sole tradership are:
Question # 12
In sole tradership, the responsibility of loss is on:
Question # 13
The sole tradership is a business organization of
Question # 14
The formation of sole tradership as compared partnership is:
Question # 15
In order to wind up the sole tradership
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.
Top Scorers Of Chapter 3 "Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test" MCQ`s Test
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H Hasnain Asif 30 - Dec - 2024 00 Min 05 Sec 15/15 -
M M.Faizan M.Bakhsh 20 - Apr - 2024 00 Min 48 Sec 15/15 -
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B Bint_e _Naeem 10 - Jul - 2024 01 Min 45 Sec 15/15 -
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M M. Faizan wattoo M. Bakhsh zafar 21 - Apr - 2024 00 Min 53 Sec 14/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 3 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The life of sole tradership is |
A. Long
B. Short
C. Defined/fixed
D. Both long and short
|
| 2 | 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
|
| 3 | Transfer of sole proprietorship: |
A. According to legal requirements
B. Not possible
C. Is done easily
D. all correct
|
| 4 | 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
|
| 5 | Sole proprietorship is: |
A. Non-flexible
B. Flexible
C. Durable
D. None of these
|
| 6 | The decisions of sole trade ship depend on: |
A. The will of friends
B. The will of sole-trader
C. The will of government
D. The will of relatives
|
| 7 | 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
|
| 8 | The formation of sole tradership as compared partnership is: |
A. Easy
B. Difficult
C. Same (No difference)
D. All of the above
|
| 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 | 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
|
Test Questions
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