Most Important & Most Repeated MCQs

  • Sole Proprietorship
  • Joint Stock Company
  • Partnership
  • All of the given options
  • b
  • A joint stock company can sale or purchase shares to shareholders easily without hard rules. Shareholders can also transfer shares from one entity to other easily.

  • Long term period
  • All of the given options
  • Short term period
  • None of these
  • c
  • Wages and Salaries are Liabilities of Organization / Company.

  • Murphy Smith
  • Henry Fayol
  • Luca Pacioli
  • F.W. Taylor
  • c
  • Luca Pacioli published first book on Double Entry System in 1494.

  • 02
  • 03
  • 04
  • 05
  • a
  • Banks often use 2 types of interests, which are :
    Simple Interest
    Compound Interest

  • 7
  • 8
  • 9
  • 10
  • a
  • Public Company is also called Limited Company.
    There are minimum seven member sin Public Company and no limit for maximum members/ partners.
    The audit of Public Limited Company is Compulsory.

  • 40
  • 50
  • 60
  • 70
  • b
  • Minimum members / partners of Private Company are 02 and maximum should be 50.
    The audit of Private Company is not Compulsory.

  • 05
  • 06
  • 07
  • 08
  • a
  • Straight Line Method
    Annuity Method
    Depreciation Fund Method
    Revalution Method
    Reducing Method

  • Physical Asset Market
  • Primary Market
  • Capital Market
  • All of the above
  • d
  • A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.