Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

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31.
A minor

A. can become a partner in a firm like other partners

B. can be admitted as a partner in a firm only for sharing profits

C. cannot become a partner in a firm

D. is removed from partnership of a firm the firm makes a loss

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32.
Forwarding agent is appointed by

A. Government

B. Importer

C. Exporter

D. Importer and exporter jointly

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33.
Environmental Protection Act in India was enacted in the year . . . . . . . .

A. 1956

B. 1976

C. 1982

D. 1986

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34.
In which of the following forms of business organization registration is legally mandatory?

A. Sole proprietorship

B. Partnership

C. Joint Sock Company

D. Chain reserve

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35.
An exporter has to prepare the following copies of shipping bills
Or
The exporter has to fill in the Shipping Bill:

A. Singly

B. In duplicate

C. In triplicate

D. In quadruplicate

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36.
The letter of credit sent from

A. Exporter

B. Importer

C. Purchasing agent

D. Bank

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37.
The maximum number of shareholder in a public company is

A. Twenty

B. Forty

C. Fifty

D. Infinite

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38.
Exim Bank was set up in the year:

A. 1964

B. 1971

C. 1982

D. 1985

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Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

31. A minor

Answer & Solution

32. Forwarding agent is appointed by

Answer & Solution

33. Environmental Protection Act in India was enacted in the year . . . . . . . .

Answer & Solution

34. In which of the following forms of business organization registration is legally mandatory?

Answer & Solution

35. An exporter has to prepare the following copies of shipping bills Or The exporter has to fill in the Shipping Bill:

Answer & Solution

36. The letter of credit sent from

Answer & Solution

37. The maximum number of shareholder in a public company is

Answer & Solution

38. Exim Bank was set up in the year:

Answer & Solution

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31.
A minor

32.
Forwarding agent is appointed by

33.
Environmental Protection Act in India was enacted in the year . . . . . . . .

34.
In which of the following forms of business organization registration is legally mandatory?

35.
An exporter has to prepare the following copies of shipping bills
Or
The exporter has to fill in the Shipping Bill:

36.
The letter of credit sent from

37.
The maximum number of shareholder in a public company is

38.
Exim Bank was set up in the year: