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

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

Question # 2

Which business organization can be dissolved through a legal procedure

Question # 3

Which business organization requires legal permission for commencement

Question # 4

Which organization can be listed at stock exchange:

Question # 5

The persons who work for the formation of company are called

Question # 6

Which business organization requires legal permission for commencement:

Question # 7

The word "Private" is not used by

Question # 8

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

Question # 9

joint stock company is that business organization which is

Question # 10

The owners of a company are:

Question # 11

The audit of a public limited company is

Question # 12

Liability of shareholders in a joint stock company is:

Question # 13

The minimum number of persons in a multimembers private company:

Question # 14

The minimum under of persons in a listed public company

Question # 15

A joint stock company has the following characteristic:

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11th Principles of Commerce Chapter 5 Test

Here you can prepare 11th Principles of Commerce English Medium Chapter 5 Joint Stock Company (I) Test. Click the button for 100% free full practice test.

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

Sr.# Question Answer
1 The minimum number of persons in a multimembers private company:
A. Seven
B. Four
C. Two
D. Three
2 The owner of a company are
A. The employees of company
B. The debentureholders
C. The shareholders
D. The creditors
3 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
4 The word "Private" is not used by
A. A statutory company
B. A public company
C. A chartered company
D. All the above
5 The persons who manage the affairs of company are called
A. The shareholders
B. The debentureholders
C. The promoters
D. The directors
6 The shares of a joint stock company are:
A. Transferable
B. Not for common person
C. Of high value
D. All are correct
7 In Pakistan, Joint stock company is formed under
A. The ordinance of 1978
B. The ordinance of 1982
C. The ordinance of 1984
D. The ordinance of 1990
8 Which business organization can be dissolved through a legal procedure
A. Sole tradership
B. Partnership
C. Joint stock company
D. None of these
9 The minimum under of persons in a listed public company
A. Seven
B. Eleven
C. Five
D. Two
10 The persons who work for the formation of company are called
A. The owners
B. The employees
C. Thew promoters
D. The directors

Test Questions

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