Question # 1

Partnership business as compared to sole tradership is:

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More flexible

Less flexible

Not flexible

May be in all forms

If any business organization is considered as a body, then office is its:

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Capital

Heart

Brain

None of these

Two important components of the business:

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

A non-active partner in a partnership:

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Neither invests nor takes part in the business

Doesn't invest buttakes part in the business

Invests but doesn'ttake part in the business

None of the above

An agent who is helpful in the sale and purchase of shares

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

Due to means of transportation, the production of goods is possible on

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Large scale

Small scale

Middle scale

None of these

Factor are the:

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Customers of business

Servants of business

Debtors of business

Persons who take responsibility of receiving money from debtors

Which insurance policy can be used as a security:

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Marine insurance

Fire insurance

Lifeinsurance

All the three

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

Imports and exports are the kinds of:

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Home trade

Foreign trade

Provincial trade

None of these

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

A shopkeeper who buys goods in a less quantity and sells it to consumer is called:

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Wholesaler

Retailer

Producer

Agent

Which type of business organization has separate legal status apart from shareholders

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A sole tradership

A partnership

Joint stock company

None of these

The first payment after dissolution of partnership is made to:

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Partners

Partners for their debts

External creditors

None of these

Whose signature is important on statutory report of the company:

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Shareholders

Promoters

Directors

Auditors

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