About I.Com Business Studies
I.Com Business Studies is examined by the Federal Board of Intermediate and Secondary Education (FBISE) in the annual examinations, for 11th class. Tayyari Karo has real questions from 2023 to 2026, covering topics such as Joint Stock Company, Nature of Business, Partnership, Home Trade and Foreign Trade. Working through real papers is the fastest way to learn the paper pattern and the way questions are worded.
75 of the questions are multiple choice and marked instantly; the rest are short and long questions with a model answer. The answers are prepared by Tayyari Karo, since we could not find an official marking scheme.
Try 4 real questions
These are real past-paper questions. Think of your answer first, then open the explanation.
2023 Annual · 11th · Nature of Business
Economic activities means:
- Business only
- Profession only
- Employment only
- Business, profession and employment
Show answer and explanation
Answer: D. Business, profession and employment
Economic activities are all activities undertaken for earning a livelihood — this covers business, profession, and employment together.
2023 Annual · 11th · Sole Proprietorship
Which of the following is correct about winding up a sole proprietorship business?
- Government acceptance is sought
- No legal process is required
- Meeting of administration is required
- Will of friends is required
Show answer and explanation
Answer: B. No legal process is required
A sole proprietorship can be started and closed by the owner's own decision — no legal formality is needed to wind it up.
2023 Annual · 11th · Partnership
The maximum number of partners in a banking business are:
- Ten
- Twenty
- Thirty
- Fifty
Show answer and explanation
Answer: A. Ten
Under the Partnership Act, a banking partnership firm is limited to a maximum of 10 partners (non-banking firms up to 20).
2023 Annual · 11th · Joint Stock Company
What is meant by common seal of a joint stock company?
Show model answer
A common seal is the official stamp/signature of a joint stock company, since a company, being an artificial legal person, cannot sign documents by hand. Important documents, contracts and share certificates are stamped with the common seal in the presence of authorized directors to make them legally binding on the company. It represents the official approval and identity of the company.