Question # 1

Word trade means

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The exchange of goods

The purchasing and selling of goods

The business

The production of goods

By economic activities means:

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Business

Commerce

Business and profession

Business profession and employment

Retailer sells the goods to

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Consumers

Hawkers

Industrialist

Wholesaler

In sole-proprietorship the capital is

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Limited

Unlimited

Depends upon sources of the owner

Mudaraba business is commenced with Mudaraba Ordinance

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1980

1988

1984

1992

The persons who form the joint stock company

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Shareholders

Promoters

Mangers

Auditors

In public limited company the minimum number of shareholders are

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2

10

7

20

In sole proprietorship the capital is

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Limited

Depends upon sources of the owner

Unlimited

None of these

In partnership the age of minor partner is

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20 years

22 years

18 years

Below 18 years

Through advertisement new goods are

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Produced

Sold

Introduced

Spoiled

Tell about like and dislike of

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Retailer

Trader

Wholesaler

Mill owner

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NAT I Commerce Commerce MCQs With Answers

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