1st Year Principles of Commerce Chapter 3 TestSole Tradership

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. Who provides capital in sole proprietorship?

   1. Sole owner

   2. Bank

   3. Workers

   4. Relatives

2. Sole proprietorship is:

   1. Non flexible

   2. Flexible

   3. Durable

   4. None of the above

3. Capital in sole tradership is:

   1. Limited

   2. Unlimited

   3. Sources of owner

   4. All

4. In sole tradership secrecy is limited to:

   1. Owner

   2. Manager

   3. Exmployees

   4. Consumer

5. Relation of the owner with the workers and consumers in sole proprietorship are:

   1. Not developed

   2. Direct

   3. Indirect

   4. Not good

6. The life of sole tradership is:

   1. Long

   2. Short

   3. Defined

   4. Both long and short

7. The sole tradership is a business organization of:

   1. Modern times

   2. Olden times

   3. A combination of a and b

   4. All the above

8. Liability of owner in sole tradership is:

   1. Limited

   2. Liability of Govt

   3. Unlimited

   4. All

9. Not important for sole proprietorship:

   1. Capital

   2. Interest of the owner

   3. Audit

   4. Worker

10. The participants in sole tradership is/are:

    1. One

    2. Two

    3. Three

    4. Five