Question # 1

Maximum number of partners in Banking business is

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40

30

20

10

The persons who form the joint stock company

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Shareholders

Promoters

Mangers

Auditors

The liability of the shareholders of public Ltd Company is

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Limited

No one

Un limited

All wrong

The objective of advertisement is to

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Introduce the goods

Save the goods

Reach the goods to consumers

All of these

In sole proprietorship the capital is

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Limited

Depends upon sources of the owner

Unlimited

None of these

Maximum number of shareholders in private company is

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100

50

20

10

Maximum number of partners in partnership business is

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2

20

21

10

The new latest machine of calculating is

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Calculator

Computer

Posting machine

Invoicing machine

Retailer sells goods to

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Consumers

Hawkers

Industrialist

Wholesaler

In partnership the age of minor partner is

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20 years

22 years

18 years

Below 18 years

Partnership is formed under Partnership act:

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1940

1984

1913

1932

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NAT I Commerce Commerce MCQs With Answers

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