1st Year Principles of Commerce Chapter 5 TestJoint Stock Company-I

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

1. The minimum number of persons in a multi members private company:

   1. Seven

   2. Four

   3. Two

   4. Three

2. The owners of a company are:

   1. The employees of company

   2. The debentureholders

   3. The shareholders

   4. The creditors

3. The persons who provide finance/ capital to company are known as:

   1. Directors

   2. Promoters

   3. Shareholders

   4. None of these

4. In Pakistan, the joint stock company is formed under:

   1. 1978

   2. 1982

   3. 1984

   4. 1990

5. Which business organization can be dissolved through a legal procedure?

   1. Sole tradership

   2. Partnership

   3. Joint stock company

   4. None of the above

6. Joint stock company is that business organization which is:

   1. Durable

   2. Not ended

   3. Nor durable

   4. None of the above

7. The maximum number of persons in a public ltd. company:

   1. Thirty five

   2. Fifty

   3. Unlimited

   4. Twenty

8. Which business organization requires legal permission for commencement:

   1. Sole tradership

   2. Partnership

   3. Joint stock company

   4. None of the above

9. Which organization can be listed at stock exchange?

   1. Partnership

   2. Joint stock company

   3. Sole tradership

   4. All the above

10. Liability of shareholders in a joint stock company is:

    1. Limited

    2. Unlimited

    3. None

    4. All are correct