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Business and Commerce MCQs

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Practice free Business and Commerce multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 666 questions — no login required.

Question 10medium

The liability of a sole proprietor is _______.

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Question 11hard

The maximum number of partners in a firm carrying on banking business is_________.

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Question 12hard

The agreement of partnership _______.

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Question 13medium

Liability of partners in respect of the firms debts is _______.

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Question 14hard

A partner in a firm _______.

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Question 15easy

A manager with a share in the profits ______.

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Question 16hard

A nominal partner is ______.

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Question 17medium

The minimum number of members in a private limited company is _________.

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Question 18hard

A Joint stock company is governed by _______.

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