Question # 1

Which company can issue the shares to public

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Chartered company

Public ltd. company

Private company

All the above

A company can sell its shares on the allowing prices:

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At par

At discount

At premium

All the above

Registration of the partnership business:

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Is necessary

Depends on the will of partners

Depends on the will of registrar

None of these

The minimum number of persons in a multimembers private company:

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Seven

Four

Two

Three

The agent who sells and buys goods of all kinds is called:

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Commission agent

Underwritter

Broker

Exporting agnet

In the absence of agreement, a partner receives on extra capital:

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Interest

No interset

More share in profit

Salary

The success of tradership is dependent to:

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

Business finance can be divided into following parts according to term:

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Four

Two

Three

Six

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

Warehousing for government is the source of

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Income

Problem/tension

Debt

None of these

The minimum number of directors in a multimembers private ltd. company:

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Five

Seven

Two

Not fixed

Typewriter is included in:

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Copying machines

Calculatingmachines

Communicationmachines

None of these

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

Industry is the component of

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Commerce

Trade

Business

Government service

After the formation of a company, the first meeting of shareholder is called:

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Statutory meeting

Annual general meeting

Extra ordinary meeting

None of these

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

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

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