Question # 1

The owner of a company are

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The employees of company

The debentureholders

The shareholders

The creditors

The maximum number of partners in ordinary partnership

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Ten

Twenty

Thirty

Forty

Whose role is important in trade:

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Trade

Producer

Consumer

All the three

People who run the management of a joint stock company are:

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Shareholders

Creditors

Directors

Debenture holders

The voyage policy is taken for

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Specific voyage

Specific centres

Specific person

Voyage of different countries

If the court declares the bankruptcy of any partner in partnership then

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The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

The following is used for posting through posting machine

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Debit card

Credit card

Larger card

None of these

The basic objective of business is

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Exchange

Earning profit

Service to the society

Earning foreign exchange for the govt

The best form of a partnership deed is

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Verbal

Written

Written & registered

None of the above

A charter party is:

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

Which organization can be listed at stock exchange:

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Partnership

Joint Sock Company

Sole proprietorship

All the above

The most important document of a company is

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The memorandum

The articles

The prospectus

The accounts of company

The liability of a partner in partnership is normally:

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Limited

Unlimited

Not at all

all the above

Shares issued to promoter are called:

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Ordinary shares

Preference shares

Deferred shares

None of these

Typewriter was invented in

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1870

1873

1973

None of these

Due to advertisement

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Number of customer increases

Number of customer reduces

Number of customer remains the same

The old customers leave

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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