Question # 1

In sole proprietorship the capital is

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Limited

Depends upon sources of the owner

Unlimited

None of these

A person who takes part in economic activities to earn the profit is called

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Businessman

Industrialist

Professional

Banker

Calculate machine is

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Punching machine

Calculator

Photo-state machine

Stapler machine

Responsibility of sole proprietor in sole proprietorship is

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Unlimited

Limited

On Govt

We call exchange of goods with goods:

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Barter system

Co-trade

Industry

Commerce

Tell about like and dislike of

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Retailer

Trader

Wholesaler

Mill owner

Advertising expenses are met by

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Consumers

Whole seller

Owner of the goods

Retailer

Maximum number of partners in Banking business is

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40

30

20

10

Retailer sells goods to

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Consumers

Hawkers

Industrialist

Wholesaler

The maximum strength of Public Ltd Company's shareholders is

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50

20

100

No limit

The formation and dissolution of sole proprietorship is

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Easy

Complicated

Difficult

Very complicated

The kind of human activities are

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Three

Four

Two

Five

Basic objective of business is

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Exchange of goods

To earn profit

Service to society

The persons who take part in the formation of the joint stock company are called

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Promoters

Shareholders

Directors

Debenture holders

International trade helps in

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Abolishment of monopoly

Increasing the production

Stabilizing the price

All correct

Which business organization can sale its shares to public:

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Partnership

Private Limited Company

Sole proprietorship

Public Limited Company

Mudaraba business is commenced with Mudaraba Ordinance

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1980

1988

1984

1992

The most important document of Joint stock company is

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Prospectus

Memorandum of Association

Articles of Association

Certificate of Commencement

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