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This online test contains MCQs about following topics:
Human activites and their classification . Definition, Nature and Characteristics of business . Objectives and functions of business . Starting/establishing a new business . Qualities of a good businessman . Elements of successful business
ICOM Part 1 Commerce Ch. 1 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 1 "Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
A business takes into account the following activities:
Question # 2
In order to determine the size of a business we consider
Question # 3
The businessman is
Question # 4
Economic activities mean:
Question # 5
A person who deals in ready made items is
Question # 6
A business takes into account the following activities
Question # 7
Economic activity which gives:
Question # 8
The objective of non-economic activities is to
Question # 9
For the sale of goods, a businessman depends upon
Question # 10
A person who deals in ready made item is:
Question # 11
The basic objective of business is
Question # 12
Economic activity which gives
Question # 13
Income from business is called:
Question # 14
Which factor plays an important role in improving the standard of living of the people and economic development:
Question # 15
Which factor plays an important role in improving the standard of living of the people and economic development
11th Principles of Commerce Chapter 1 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 1 Concept of Business Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 1 "Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
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M Maira Usman 06 - Oct - 2024 00 Min 06 Sec 15/15 -
S Saw Aly 15 - Oct - 2024 00 Min 53 Sec 15/15 -
M Momina Maryam 13 - Jan - 2025 01 Min 04 Sec 15/15 -
T Tayyba Noor 03 - Jul - 2026 01 Min 10 Sec 15/15 -
M Minhaj zehra 26 - Sep - 2024 01 Min 13 Sec 15/15 -
K Khuzaima Malik 10 - Oct - 2024 01 Min 15 Sec 15/15 -
M Muhammad Uzair Ahmed 02 - Jan - 2025 01 Min 21 Sec 15/15 -
M Malik abaid ur rehman 16 - Dec - 2025 01 Min 31 Sec 15/15 -
M Millat Afridi 30 - Oct - 2024 01 Min 33 Sec 15/15 -
Z Zainab Ali 16 - Dec - 2024 01 Min 44 Sec 15/15 -
F Faiqa Waqas 17 - Jan - 2025 01 Min 45 Sec 15/15 -
T Tayyaba 05 - Jan - 2025 01 Min 48 Sec 15/15 -
H Humera Malik 21 - Oct - 2024 02 Min 28 Sec 15/15 -
Z Zainab 05 - Oct - 2024 04 Min 14 Sec 15/15 -
U Unknown 11 - Jan - 2025 00 Min 04 Sec 14/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If any person gets income on the basis of knowledge and skill then it is: |
A. Business
B. Economic activity
C. Profession
D. Trade
|
| 2 | What does a business organization mean: |
A. Sole tradeship
B. Partnership
C. Joint stock company
D. All the above
|
| 3 | A person who deals in ready made item is: |
A. Manufacturer
B. Worker
C. Trader
D. Distributor
|
| 4 | Income from business is called |
A. Profit
B. Interest
C. Satisfaction
D. Utility
|
| 5 | The basic objective of business is: |
A. Exchange
B. Earning Profit
C. Service to the society
D. Earning foreign exchange for the govt.
|
| 6 | The businessman is: |
A. A trader
B. A producer
C. A distributor
D. A trader, producer and distributor
|
| 7 | What does a business organization mean |
A. Sole tradership
B. Partnership
C. Joint stock company
D. All the above
|
| 8 | The businessman is |
A. A trader
B. A producer
C. A distributor
D. A trader, producer and distributor
|
| 9 | A business takes into account the following activities |
A. Economic
B. Non-economic
C. Social
D. None of these
|
| 10 | In order to determine the size of a business we consider |
A. The availability of the capital
B. The demand of the goods
C. The capacity of production
D. All the above
|
Test Questions