11th Principle of Commerce Guess Paper

• These 11th Principle of Commerce Guess Paper are perfect for quick revisions before your exams.
• Important Multiple Choice Questions of Principle of Commerce in English and Urdu Medium class 11 from previous 20 years past papers of all Punjab Boards.
• Important Short Questions of Principle of Commerce in English and Urdu Medium class 11 from previous 20 years past papers of all Punjab Boards.
  
• Important Long Questions of Principle of Commerce in English and Urdu Medium class 11 from previous 20 years past papers of all Punjab Boards.
• What is meant by un commended human activities?
• Define commanded human activities.
• Define the term profession.
• Define the term employment.
• What is meant by non economic activities?
• Explain the objective of business management.
• How a business can serve the society?
• What is meant by favorable balance of payment?
• What is meant by economic/productive activities?
• Why the effective management is important for a business?
• How does a business make the savings of people profitable?
• What is the role of planning in a good business?
• What are the important components of business?
• Explain the dissolution of partnership business or firm.
• List down the methods of dissolution of firm.
• State the rights of the partners.
• Write down the forms of partnership under Islamic laws.
• Why the need of partnership business was felt?
• What is meant by limited partnership?
• Which one is the best option/form of partnership agreement?
• What is a meant by nominal partner?
• Who is minor partner?
• How does the distribution of assets take place after the dissolution of partnership?
• What is meant by Shirakat-ul-Anan?
• Narrate any three important points from the definition of partnership.
• Who is a junior partner?
• Define sleeping partner.
• Define senior partner.
• State any five properties of a joint stock company.
• Write down any five disadvantages of a joint stock company.
• What is meant by the separate legal entity of a company?
• Explain the organizational structure of a joint stock company.
• What is meant democratic style or set up in a joint stock company?
• Write the number of shareholders in a joint stock company.
• What is meant by limited liability of the shareholders in a joint stock company?
• How does the profit of a co-operative society be distributed?
• How does co-operative society .play its role in the economic development of a country?
• What is meant by producers of co-operative society?
• What are the sources of capital of a cooperative society?
• What is the number of members in a cooperative society?
• Define trade and shortly describe its types.
• State the merits of home trade.
• State the demerits of home trade.
• What is meant by invoice in home trade?
• Define consumer.
• What is an enquiry letter?
• Define credit note.
• Define wholesaler.
• What are the functions of wholesaler?
• What is meant by manufacturer wholesaler?
• What is meant by a merchant wholesaler?
• State the difference between importer and exporter wholesaler.
• State the procedure or steps of exporting goods.
• Explain the types of an indent.
• Which documents are prepared by the exporter after the settlement of affairs.
• Define middlemen.
• State the kinds of middlemen.
• Which documents have great importance for the formation of chamber of commerce and industry?
• State the important points of the manifesto/constitution of chamber of commerce and industry.
• Write the names of members of chamber of commerce and industry.
• State the important points of the rules and regulations of chamber of commerce and industry.
• State the advantages and disadvantages of partnership.
• Define Joint stock company and write its characteristics.
• Describe the features of public and private company.
• Define company’s meeting and explain its kinds.
• Define co operative society. Discuss its characteristics.
• Describe the merits and demerits of co operative society.
• Define home trade. Write its merits and demerits.
• Define wholesaler, give his characteristics and functions.
• Differentiate between departmental and chain store.
• Distinguish between foreign trade and home trade.
• Define insurance and discuss its principals.
• Write detailed note on the types of insurance.
• Write a note on the types of means of transportation.
• Describe the role of means of transportation in economic development.
• Describe the functions of warehousing.
• Write a note on the members of chamber.
• What is office organization and discuss its objectives?