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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
The objective of non-economic activities is to
Question # 2
In order of determine the size of a business we consider:
Question # 3
A business takes into account the following activities:
Question # 4
For the sale of goods, a businessman depends upon:
Question # 5
Which factor plays an important role in improving the standard of living of the people and economic development
Question # 6
For the sale of goods, a businessman depends upon
Question # 7
Which factor plays an important role in improving the standard of living of the people and economic development:
Question # 8
The objective of non-economic activities is to:
Question # 9
A business takes into account the following activities
Question # 10
What does a business organization mean
Question # 11
A person involved in different economic activities for the purpose of earning profit is called
Question # 12
Economic activity which gives:
Question # 13
Economic activity which gives
Question # 14
In order to determine the size of a business we consider
Question # 15
The basic objective of business is
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 -
A AJS Vlogs AJS Vlogs 18 - Sep - 2024 00 Min 24 Sec 15/15 -
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M Momina Maryam 13 - Jan - 2025 01 Min 04 Sec 15/15 -
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M Malik abaid ur rehman 16 - Dec - 2025 01 Min 31 Sec 15/15 -
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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 | A business takes into account the following activities: |
A. Economic
B. Non-economic
C. Social
D. None of these
|
| 2 | What does a business organization mean |
A. Sole tradership
B. Partnership
C. Joint stock company
D. All the above
|
| 3 | The basic objective of business is |
A. Exchange
B. Earning profit
C. Service to the society
D. Earning foreign exchange for the govt
|
| 4 | For the sale of goods, a businessman depends upon |
A. The employees
B. The relatives
C. The demand of customers
D. None of these
|
| 5 | 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
|
| 6 | Economic activity which gives |
A. Predetermined income
B. Fixed income
C. Both a and b
D. None of these
|
| 7 | The objective of non-economic activities is to |
A. serve the society
B. Earn profit
C. Serve the society beside spiritual satisfaction
D. Earning the fame
|
| 8 | The objective of non-economic activities is to: |
A. Serve the society
B. Earn profit
C. Serve the society beside spiritual satisfaction
D. Earning the fame
|
| 9 | The basic objective of business is: |
A. Exchange
B. Earning Profit
C. Service to the society
D. Earning foreign exchange for the govt.
|
| 10 | The businessman is: |
A. A trader
B. A producer
C. A distributor
D. A trader, producer and distributor
|
Test Questions