ST.

JOSEPHS COLLEGE FOR WOMEN

PRINCIPLE OF COMMERCE
Preliminary Examination 2015

Date: 30th MARCH 2015

CLASS: XI COMMERCE A B&C.

Time Duration: 20 MINUTES
Marks 16

Maximum

NOTE: This section consist of 16 part question and all are to be answered.
Each question carries one mark AND SOLVE ALL MCQS ON THE SAME
SHEET AND RETURN IT TO THE INVIGILATOR.
1- The partner invest capital but does not take an active part in management
A- Active Partner
B- Nominal Partner
C- Secret Partner

D- Sleeping Partner

2- The aim of foreign trade is to increase

A- Employment

B- Foreign Exchange

C- Industries

D- Production and income

3- Capital registered with the registrar of the company, is called:

A- Authorized Capital

B- Called up Capital

C- Issued capital

D- Paid up capital

4- Circular letters are written to give same information to:

A- One person

B- Foreign Client

C- Information Seeker

D- Large number of client

5- Long term investment goes to:

A- Buying Machinery

B- Buying Raw Material

C- Payment of wages

D- Renting Plant

6- Finance is arranged in a sole proprietor by:

A- Employees

B- Partners

C- Shareholders

D- Single Owner

7- Banks help in foreign trade by issuing:

A- All of these

B- Bill of Exchange

C- Letter of credit

D- Shipping Order

8- Paid Occupation especially one that requires advance education and training is known as:
A- Profession

B- Publicity

C- Marketing

D- Industry

9- The bond can be change into shares:

A- Bearer bond

B- Convertible bond

C- Mortgage Bond

D- Unconvertible bond

10- In case of absence of Partnership agreement the profit of the firm will be distributed:
A- According to the capital ratios

B- As per their duties

C- Equally

D- All of these

11- The business organization is listed in stock exchange:

A- Cooperative Society

B- Partnership

C- Public Ltd Company

D- Sole Proprietorship

12- Commerce provides goods and services to:

A- Consumer

B- Producer

C- Supplier

D- Trader

13- Minor partner has a:

A- Fix Liability

B- Limited Liability

C- No Liability

D- Unlimited Liability

14- Joint stock company is owned by:

A- Directors

B- Employees

C- Partners

D- Shareholders

15- These are example of chain stores:

A- Bata

B- KFC

C- Pizza Hut

D- All of these

16 Tax is imposes twice on

A- Cooperative society

B-Joint stock company

C- Partnership

D- Sole proprietorship

ST. JOSEPHS COLLEGE FOR WOMEN

PRINCIPLE OF COMMERCE
Preliminary Examination 2015

Time: 2 hrs 40 minutes

Max Marks: 59

Section B & C

Sec B Short Answer Questions

Note: Attempt any seven part questions for this
section. All questions carry equal marks.
Q.2.
i.
ii.
iii.
iv.
v.
vi.
vii.
viii.
ix.
x.

Explain the qualities of a Good Business Man.

State the Services of Wholesalers to producers.
Define Shot Term Finance and enlist its Sources.
How does a public Company differ from a private Company?
Differentiate between Shares & Debentures.
Mention the Steps required for Importing Goods.
What are the Various Common Means of Transportation in Pakistan?
Write the basic Considerations for starting a new business.
Describe the Various Kinds of Warehouses.
Describe different types of Insurance.

Sec C Detailed Answer Questions

Note:

Attempt any two questions from this Section. All the questions
carry equal marks.
Q.03. Describe the Various parts of a business letter & explain it by the
help of sketch.
Q.04. Define Company. Describe the Procedure of incorporation of a joint
stock company.
Q.5 Draft an order letter for electronics products assumes all necessary
details.
(OR) Draft a jot letter with resume for the post of an anchor person in a
well reputed TV Channels.