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

Which business organization requires legal permission for commencement

Question # 3

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

Question # 4

Which organization can be listed at stock exchange:

Question # 5

Liability of shareholders in a joint stock company is:

Question # 6

The minimum number of persons in a multimembers private company:

Question # 7

joint stock company is that business organization which is

Question # 8

The persons who work for the formation of company are called

Question # 9

The audit of a public limited company is:

Question # 10

Which business organization requires legal permission for commencement:

Question # 11

The persons who mange the affairs of company are called:

Question # 12

Which business organization can be dissolved through a legal procedure

Question # 13

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

Question # 14

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

Question # 15

The minimum number of persons in a public ltd. company

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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 The persons who manage the affairs of company are called
A. The shareholders
B. The debentureholders
C. The promoters
D. The directors
3 The minimum number of persons in a multimembers private company:
A. Seven
B. Four
C. Two
D. Three
4 Which business organization requires legal permission for commencement
A. Sole tradership
B. Partnership
C. Joint stock company
D. None of these
5 A joint stock company has the following characteristic:
A. Delayed decisions
B. Payment of double tax
C. Limited liability of shareholders
D. All of the above
6 Which business organization can be dissolved through a legal procedure:
A. Sole tradership
B. Partnership
C. Joint Sock Company
D. None of these
7 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
8 joint stock company is that business organization which is
A. Durable
B. Not ended
C. Not durable
D. None of these
9 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
10 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

Test Questions

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