NAT IIM Management Science Business Ethics Online Test for Pakistani Students

NAT II Management Science Business Ethics

Sr. #	Questions	Answers Choice
1	What are the two types of public limited company?	i) Company limited by guarantee ii) Company limited by public i) Company limited by public ii) Company limited by shares Company limited by guarantee ii) Company limited by shares None of these
2	Pick the correct statement:	Registration of Partnership is not mandatory according to partnership Act 1935. Registration of Partnership is mandatory according to partnership Act 1935 Registration of Partnership is not mandatory according to partnership Act 1932 Registration of Partnership is mandatory according to partnership Act 1932
3	Any individual entered into a partnership is called	Normal individual Partner Proprietor Sole Proprietor
4	Industry and _______ are two components of business	Liability Proprietorship Commerce Partnership
5	Business organization is an institution organized	And operated to provide goods and services to the society under the incentive of private gain And operated to provide goods and services to the society under the incentive of private loss And operated to produce goods only to the society under the incentive of private gain And operated to produce goods only to the society under the incentive of public loss