Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

MCQ’s Part 2 PRINCIPLE OF COMMERCE

1. Which forrn of ‘business organization is best if the business is to be established On continuous basis

a) Sole Proprietorship

b) Partnership

c) Corporation

d) co-Operative society

2. A sole proprietorship business is owned by

a) One person

b) Two or more persons

c) Unlimited Persons

d) None of the above

3.It a partnership ‘firm is related with banking business, the maximum number of partners must not exceed

a) 2

b) 10

c) 20

d) 50

4. A partnership can be established

a) Verbal consent

b) Written contract

c) .Both a and b

d) None of the above

5. Which partner can not participate in the affairs of the business

a) General partner

b) Founding partner

e) Limited partner

d) None of the above

6, Kinds of cooperative Society include

a) Agricultural society

b) Credit society

c) Both a and b

d) None of the above

7. How many general partners are there in Musharika

a) I

b) 20

c) 2

d) 0

8. Loss is distributed to the maximum of

a.) Capital contribution

b) Predetermined ratio

c) Post Determined ratio

d) None of the above

9. A corporation is assumed to be a

a) Going Concern

b) Time bound entity

c) Both a and b

d) None of the above

10. Shares holders in a Corporation are

a) Employees

b) Joint owners

c) Creditors

d) None of the above

11. A company wanting to issue shares to the public firm publishes

a) Memorandum of Association

b) Articles of Association

c) Certificate of incorporation

d) Prospectus

12. The capital with which the company is registered indicating the amount of capital it can generate is known as

a) Authorized Capital

b) Issued Capital

c) Paid-up-Capital

d) None of the above

13. The capital which the Company floats for subscription is known as

a) Anthorized Capital

b) issued Capital

c) Paid-up-Capital

d) None of the above

14. Marketing includes

a) Production

b) Selling

c) Distribution

d) All of the above

15, Wholesalers buy in

a) Small Quantities

b) Large Quantities

c) Black Market

d) None of the above

16. Warehousing creates

a) Place Utility

b) Time Utility

c) Form Utility

d) None of the above

17. Letter of credit is prepared by

a) Importer

b) Exporter

c) Exporter’s bank

d) Importer’s bank

18. Letter of Credit is

a) Revocable

b) Irrevocable

c) Both a and b

d) None of the above

19. Individual consumers buy the goods from

a) Wholesaler

b) Retailer

c) Producers

d) Factory

20. Which of the following is a paid cost?

a) Merchandising

b) Human Resources

c) Store Department

d) None of the above

21. Advertising is targeted towards

a) Existing buyers

b) Prospective buyers

c) Both a and b

d) None of the above

22. A company producing cosmetics should advertise in

a) Sports magazines

b) Fashion magazines

c) Finance magazines

d) None of the above

23. Which one of the following is a medium of outdoor advertising

a) Newspaper

b) Magazines

c) Billboards

d) None of the above

24. Chamber of Commerce safeguards the interests of

a) Public Sector

b) Private Sector

c) Foreign Investor

d) None of the above

25. Theft is a

a) insurable risk

b) Uninsurable risk

c) Not a risk

d) None of the above

26. When the lnsurauce Company has issued more policies than it can pay for if claimed, it covers itself through

a) Indemnity

b) Takaful

c) Reinsurance

d) None of the above

27. Gases and liquid form goods in large quantities are transported through

a) Pipelines

b) iron Container

c) trucks

d) None of the above

28. Surplus hinds are

a) Borrowed

b) Invested

c) Both a and b

d) None of the above

29. The Company pays to its Preference Shareholders

a) Dividend

b) Interest

c) Both a and b

d) None of the above

30, real estate loans are

a) Secured

b) Unsecured

c) Short term

d) None of the above

31. Which one of the following does not add any new capital to the business?

a) shares in IPO

b) Stock trade

c) Preference shares

d) None of the above

32. The name of the sender appears in

a) Salutation

b) Subject Line

c) Inside Address

d) Heading

 

33. To get details about the past performance of applicant for a new vacancy, which letter is used?

a) jobs inquiry

b) Product inquiry

c) Status Inquiry

d) None of the above

34. Basic motive of all business concern is

a) Serving Society

b) Earning Prolit

c) Exchange of goods and services

35. Partnership agreement can be carried by

a) Oral

b) Written

c) Oral or Written

36. The benefit given to the shareholders is termed as:

a) Profit

b) interest

c) Dividend

37. the services business comes under the heading of:

a) Organization

b) Profession

c) Trade

38. Market research is conducted by:

a) Managers

b) Directors

c) researchers

d) Sales Man

39. To get in information about the products of the company, which letter is used?

a) Claim letter

b)Inquiry letter

c) Sales letter

d) Order letter

40. Concrescences in letter writing man

a) Detailed

b) Well documented

c) Brief

d) None of-the above

41, Real estate loans are

a) Secured

b) Unsecured

c) short term

d) None of the above

42.1n clearance sale, goods are sold

a) Free of Cost

b) At higher prices

c) At a discount

d) None of the above

43. Which mediums are used to advertise?

a) Electronic

b) Non-electronic

c) Both a and b

d) None of the above

44. Wholesalers buy the goods in

a) Small Quantity

b) Bulk

c) Foreign countries

d) None of’ the above

45. The business man who buys the quantities in bulk and then distributes it further is called

a) Wholesaler

b) Retailer

c) Broker

d) Factor

46. Transportation creates

a) Place Utility

b) Time Utility

c) Form Utility

d) None of the above

47. Goods are transported from the place of manufacture ultimately to the place of

a) Wholesaler

b) Retailer

c) Middleman

d) Consumption

48. The aim of foreign trade is increase:

a) Production and income

b) Trade relations

c) Foreign Exchange

49. the cooperative societies are formed with main object of services to:

a) Their ‘members

b) General Public

c) Community

50. Marketing refers to all such activities which are relative to:

a) Distribution

b) Selling

c) Exchange

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