First Year Principles of Commerce Chapter 5 Online MCQ Test for 1st Year Principles of Commerce Chapter 5 (Joint Stock Company (I))

This online test contains MCQs about following topics:

Introduction, definition and evolution of Joint Stock company . Characteristics of J.S.C . Adavantages of J.S.C . Disadvantages of J.S.C . Comparison of differnet business organizations

ICOM Part 1 Commerce Ch. 5 Test
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MCQ's Test For Chapter 5 "Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test"

Try The MCQ's Test For Chapter 5 "Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test

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Question # 1

Liability of shareholders in a joint stock company is:

Question # 2

The minimum number of persons in a multimembers private company:

Question # 3

The audit of a public limited company is

Question # 4

The persons who mange the affairs of company are called:

Question # 5

Which type of business organization has separate legal status apart from shareholders:

Question # 6

The minimum number of persons in a multi-members private company

Question # 7

The person who provide finance / capital to company are known as:

Question # 8

Maximum number of shareholders in a multi-members private company:

Question # 9

Which type of business organization has separate legal status apart from shareholders

Question # 10

The word "Private" is not used by

Question # 11

Which business organization can be dissolved through a legal procedure

Question # 12

In Pakistan, Joint stock company is formed under

Question # 13

Which organization can be listed at stock exchange:

Question # 14

The persons who work for the formation of company are called:

Question # 15

The owners of a company are:

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11th Principles of Commerce Chapter 5 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 5 Important MCQ's

Sr.# Question Answer
1 Maximum number of shareholders in a multi-members private company:
A. Ten
B. Fifty
C. No limited
D. Twenty
2 Maximum number of shareholders in a multi-members private company
A. Ten
B. Fifty
C. No limited
D. Twenty
3 The persons who manage the affairs of company are called
A. The shareholders
B. The debentureholders
C. The promoters
D. The directors
4 Which organization can be listed at stock exchange:
A. Partnership
B. Joint Sock Company
C. Sole proprietorship
D. All the above
5 The word "Private" is not used by
A. A statutory company
B. A public company
C. A chartered company
D. All the above
6 Which business organization can be dissolved through a legal procedure
A. Sole tradership
B. Partnership
C. Joint stock company
D. None of these
7 Joint stock company is that business organizations which is:
A. Durable
B. Not ended
C. Not durable
D. None of these
8 Which type of business organization has separate legal status apart from shareholders
A. A sole tradership
B. A partnership
C. Joint stock company
D. None of these
9 Liability of shareholders in a joint stock company is:
A. Limited
B. Unlimited
C. None
D. All are correct
10 The audit of a public limited company is
A. Not necessary
B. Necessary on yearly basis
C. After every three years
D. After every six months

Test Questions

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