1- The best form of partnership deed is:

A- Verbal
B- Written
C-Written and Registered

D-None of these

2- The share of cooperative society

A- Can be sold in the market

B- Cannot be sold in the market

C- Can be used as security

D- All of these

3- Income from business is called:

A-Interest

B- Profit

C-Satisfaction

D- Utility

4- Circular letters are written to give same information to:

A- One person

B- Foreign Client

C- Information Seeker

D- Large number of client

5- Maximum number of partners in ordinary partnership is:

A- 10

B- 30

C- 40

D- 50

6- Finance is arranged in a sole proprietor by:

A- Employees

B- Partners

C- Shareholders

D- Single Owner

7- The person who manages affairs of the company are called:

A- Debenture holders

B- Director

C- Promoters

D- Shareholders

8- Paid Occupation especially one that requires advance education and training is known as:
A- Profession

B- Publicity

C- Marketing

D- Industry

9- Period of short term Finance is:

A- One year or less

B- Five Years

C- Two Years

D- All of these

10- In case of absence of Partnership agreement the profit of the firm will be distributed:
A- According to the capital ratios

B- As per their duties

C- Equally

D- All of these

11- Which organization can be dissolved through legal procedure?

A- Cooperative Society

B- Partnership

C- Public Ltd Company

D- Sole Proprietorship

12- Commerce provide goods and services to:

A- Consumer

B- Producer

C- Supplier

D- Trader

13- Commerce is related to:

A- Exchange of goods

B- Purchase of goods

C- Production of goods

D- Trade

14-The advertisement:
A- Decreases Money

B- Increases Money

C- Is wastage of money

D- Saves Money

15- These are example of chain stores:

A- Bata

B- KFC

C- Pizza Hut

D- All of these

16- Minor partner has a:

A- Fix Liability

B- Limited Liability

C- No Liability

D- Unlimited Liability