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

11th Standard

    Reg.No. :
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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

    (d)

    Quick or Slow

  5. Sole Tradership also know as ______________

    (a)

    Partnership

    (b)

    Individual

    (c)

    Trade of leadership

    (d)

    entrepreneurship

  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

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