11th Principles of Commerce MCQS Chapter 3

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11th Principles of Commerce MCQS
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A sole proprietor forms his business after
Fulfilling the legal requirements
His own will
The permission of relatives
The government’s acceptance

The success of tradership is dependent to
The administration
The capability of sole trader
The capability of the manger
The cooperation of friends

In order to wind up the sole tradership
No legal process is required
The acceptance of the government is sought
The meeting of administration is
The will of the friends is required

The participants in sole tradership are/is
Five
Three
One
Two

The formation of sole tradership as compared of partnership is
Easy
Same (No difference)
Difficult
All of the above

The sole tradership is a business organization of
Old times
A combination of (a) and (b)
Modern times
All the above

In sole tradership
The relatives provide finance
Only the trader provides finance
The government provides finance
Many people collectively provide finance

The decisions of sole trader ship depend on
The will of relatives
The will of sole-trader
The will of friends
The will of government

Sole proprietor’s is generally carried on
All these are wrong
Large scale
Small scale
Medium scale

The expenses for the formation of sole tradership are
Almost none
Not at all
Less
More

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