New ! Commerce MCQ Practise Tests

11th Standard Commerce Sole Proprietorship English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. A Sole proprietor concern is free from _________ regulation.

    (a)

    Private

    (b)

    Government

    (c)

    Indian Contract Act

    (d)

    Indian Law

  2. Sole trading business can be started by ______________

    (a)

    at least two persons

    (b)

    at least three persons

    (c)

    at least seven persons

    (d)

    anyone person

  3. A sole trader concern is owned by an ____________

    (a)

    partner

    (b)

    individual

    (c)

    organisation

    (d)

    society

  4. Decision Making process in Sole Trading business is

    (a)

    Quicker

    (b)

    Slow

    (c)

    Neither Quick or Slow

  5. Sole Tradership also know as:

    (a)

    Partnership

    (b)

    Individual entrepreneurship

    (c)

    Trade of leadership

  6. "He owns all, risk all" this principle is followed in ______

    (a)

    Sole tradership

    (b)

    Partnership

    (c)

    Co-operatives

  7. "No seprate Legal Entity" in case of _______

    (a)

    Sole trade

    (b)

    Joints company

    (c)

    Co-operatives

  8. __________is found in each and every country in the world .

    (a)

    Partnership

    (b)

    Sole tradership

    (c)

    Joint hindu family

  9. A business run by an individual is known as__________business.

    (a)

    Sole Trader

    (b)

    Partnership

    (c)

    Company

    (d)

    Co-operatives

  10. Nobody can claim a share of profit in__________

    (a)

    sole proprietorship

    (b)

    partnership

    (c)

    joint-stock company

    (d)

    co-operatives

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Standard Commerce Sole Proprietorship English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

Write your Comment