Preboard:2023 Govt Graduate College Mandibahauddin
Subject:Principles of Commerce Time: 20 Min
OBJECTIVE Marks: 15
Note:Attempt as many questions as given in objective
type paper and leave others blank.
1.The basic objective of business is
(A) exchange
(B) earning profit
(C) serve the society
(D) earning foreign exchange for the government
2.The sole tradership is a business organization
(A) modern times (B) old times
(C) both A & B
3.If the court declares the bankruptcy of any
partner in partnership then
(A) the partnership continues
(B )the partnership becomes weak
(C) the partnership cancels
(D) a new partner is admitted
4.The profit given to shareholder on their
investment by a company is called
(A) dividend (B) shares
(C) debentures (D) bonus
5.The minimum number of directors in a public
Ltd. company is
(A) 7 (B) 9
(C) 11 (D) 2
6 Who cannot become a member of co-operative
society?
(A) Govt. servant (B) illiterate persono .com
(C) minor person on (D) private employee
7.The small retailers work
(A)at one place (B) in streets
(C) on medium scale(D) on large scale
8.Due to foreign trade, the less developed
countries
(A) becomes international slaves
(B) do not progress
(C) do not live alone
(D) none of these
9.An agent who is helpful in the sale and purchase
of shares
(A) clearing agent
(B) under writer
(C) forwarding agent
(D) auctioner
10.Due to advertisement, the unemployment
(A) Tessens (B) increases
(C)remains un-effected
(D)ends or disappears
11.On the death of the insured, sum is paid to
(A) friends (B) dependents
(C) relatives (D) insurer
12.The cheapest source of foreign transportation
