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 minimum number of persons in a listed public company:

Question # 2

The owner of a company are

Question # 3

In Pakistan, Joint stock company is formed under:

Question # 4

The audit of a public limited company is:

Question # 5

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

Question # 6

The audit of a public limited company is

Question # 7

The shares of a joint stock company are:

Question # 8

Liability of shareholders in a joint stock company is:

Question # 9

A joint stock company has the following characteristic:

Question # 10

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

Question # 11

Which business organization requires legal permission for commencement:

Question # 12

The owners of a company are:

Question # 13

Maximum number of shareholders in a multi-members private company

Question # 14

Which business organization can be dissolved through a legal procedure:

Question # 15

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

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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 The minimum under of persons in a listed public company
A. Seven
B. Eleven
C. Five
D. Two
2 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
3 Maximum number of shareholders in a multi-members private company
A. Ten
B. Fifty
C. No limited
D. Twenty
4 The owners of a company are:
A. The employees of company
B. The debentureholders
C. The shareholders
D. The creditors
5 Which business organization requires legal permission for commencement:
A. Sole tradership
B. Partnership
C. Joint Sock Company
D. None of these
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 Which organization can be listed at stock exchange:
A. Partnership
B. Joint Sock Company
C. Sole proprietorship
D. All the above
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 Which business organization requires legal permission for commencement
A. Sole tradership
B. Partnership
C. Joint stock company
D. None of these
10 Maximum number of shareholders in a multi-members private company:
A. Ten
B. Fifty
C. No limited
D. Twenty

Test Questions

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