Commerce Quiz
Authored by DR. SARAVANAN
Business
University
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a characteristic of business?
Profit Motive
Risk Element
Donation
Production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The primary objective of business is:
Social service
Employee welfare
Profit earning
Legal compliance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commerce includes:
Industry and trade
Only production
Trade and auxiliaries to trade
Banking only
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
E-commerce deals with:
Manual transactions
Face-to-face trade
Online business transactions
Government dealings
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Sole Proprietorship has:
Limited liability
Unlimited liability
Perpetual succession
Separate legal entity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the oldest form of business organization?
Sole Proprietorship
Partnership
Company
Cooperative society
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Joint Stock Company is regulated by:
Income Tax Act
Companies Act, 2013
Contract Act
Partnership Act
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