1) IT IS COMPULSORY TO REGISTER ONE PERSON COMPANY a) b) 2) HOW MANY MINIMUM MEMBERS ARE REQUIRED TO FORM A SOLE TRADING CONCERN/SOLE PROPRIETORSHIP a) 100 b) 1 c) 10 3) ONE MAN ONE VOTE IS AN IMPORTANT FEATURE OF JOINT STOCK COMPANY a) RIGHT b) WRONG c) NEUTRAL 4) NO REGISTRATION IS REQUIRED FOR A PARTNERSHIP FIRM. a) b) 5) THE MANAGING COMMITTEE LOOKS AFTER THE WORKING OF CO-OPERATIVE SOCIETY. a) right b) wrong 6) APICULTURE IS AN EXAMPLE OF GENETIC INDUSTRY a) FALSE b) TRUE 7) CONSTRUCTION INDUSTRY CREATES IMMOVABLE GOODS a) TRUE b) FALSE 8) BUYING GOODS FROM ONE COUNTRY AND SELLING TO ANOTHER COUNTRY IS AN EXAMPLE OF _____ a) EXPORT TRADE b) IMPORT TRADE c) ENTREPOT TRADE 9) IN WHOLESALE TRADE BUYERS AND SELLERS ARE FROM DIFFERENT COUNTRIES a) TRUE b) FALSE 10) TEACHER TEACHING IN A SCHOOL IS AN EXAMPLE OF ____ WHEREAS TEACHER TEACHING HER OWN INSTITUTE IS AN EXAMPLE OF _____ a) EMPLOYMENT, PROFESSION b) PROFESSION, EMPLOYMENT c) EMPLOYMENT, EMPLOYMENT 11) WHAY ARE COMMERCIAL ACTIVITIES? a) ACTIVITIES DONE OUT OF LOVE, CARE b) ACTIVITIES DONE TO EARN MONEY c) ACTIVITIES DONE TO EARN WEALTH AS WELL AS GIVE SERVICES 12) MARKETING IS ____ ORIENTED a) CONSUMER b) SELLER c) PRODUCT 13) SELLING IS ____ CONCEPT a) WIDE b) NARROW c) NONE OF THE ABOVE 14) COMMON SEAL REPRESENTS THE _____ OF THE COMPANY a) SATISFACTION b) SIGNATURE c) SALUTATTION 15) CO-OPERATIVE SOCIETY ACT ____ a) 1921 b) 1920 c) 1912

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