Monday , June 7 2021

NAT I-COM Principles of Commerce Test-1

NAT I-COM Principles of Commerce Test-1

This is the First Test for the Series of NTS Online NAT Test for I.COM students covering the subject Principles of Commerce (POC). This test comprise of 20 Questions relating to Principles of Commerce (POC). This test help students to Test their ability in this particular subject and it will give them confidence to sit in the NTS Exams for NAT-I.COM Test.

A person who take parts in economic activities to earn profit is called:

Correct! Wrong!

Sole proprietorship is the:

Correct! Wrong!

The liability of the shareholders of Public Ltd. Company is:

Correct! Wrong!

The formation of Joint Stock Company is maintained under:

Correct! Wrong!

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Advertising expenses are met by:

Correct! Wrong!

The persons who take part in the formation of the joint stock company are called:

Correct! Wrong!

Word trade means:

Correct! Wrong!

International trade helps in:

Correct! Wrong!

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We call exchange of goods with goods:

Correct! Wrong!

Industry relates to:

Correct! Wrong!

Correct! Wrong!

The maximum strength of Public Ltd. Company’s shareholders is:

Sole proprietorship is suitable for:

Correct! Wrong!

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In partnership, business decision are made:

Correct! Wrong!

The appointed directors of the company act as director for:

Correct! Wrong!

In partnership, the age of minor partner is:

Correct! Wrong!

In public limited company, the minimum number of shareholders are:

Correct! Wrong!

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The second important document of Joint Stock Company is:

Correct! Wrong!

Maximum number of partners in partnership business is:

Correct! Wrong!

In sole proprietorship, the capital is:

Correct! Wrong!

The document through which the public is offered to purchase the shares of the company is called:

Correct! Wrong!

NAT I-COM Principles of Commerce Test-1
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