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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 sole tradership, the derisions are held:
Question # 2
The expenses for the formation of sole tradership are
Question # 3
The success of tradership is dependent to:
Question # 4
In sole tradership, the responsibility of loss is on:
Question # 5
Sole proprietor's is generally carried on
Question # 6
In which form of business organization, the element of secrecy is remained or maintained
Question # 7
The formation of sole tradership as compared of partnership is
Question # 8
A sole proprietor may expand his business by
Question # 9
In order to wind up the sole tradership
Question # 10
A sole proprietor may expand his business by:
Question # 11
In which form of business organization, the element of secrecy is maintained:
Question # 12
Not important for sole proprietorship:
Question # 13
Sole proprietorship is:
Question # 14
In sole tradership:
Question # 15
Sole proprietor's is generally carried on:
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 | 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)
|
| 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 life of tradership is: |
A. Long
B. Short
C. Defined/Fixed
D. Both long and short
|
| 4 | Sole proprietorship is: |
A. Non-flexible
B. Flexible
C. Durable
D. None of these
|
| 5 | 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
|
| 6 | 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
D. The will of the friends is required
|
| 7 | 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
|
| 8 | The life of sole tradership is |
A. Long
B. Short
C. Defined/fixed
D. Both long and short
|
| 9 | 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
|
| 10 | The expenses for the formation of sole tradership are |
A. Less
B. More
C. Almost none
D. Not at all
|
Test Questions