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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
A business takes into account the following activities:
Choose an answer
Economic
Non-economic
Social
None of these
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Question # 2
The basic objective of business is:
Choose an answer
Exchange
Earning Profit
Service to the society
Earning foreign exchange for the govt.
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Question # 3
Which factor plays an important role in improving the standard of living of the people and economic development
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Trade
Industry
Commerce
All the above
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Question # 4
The objective of non-economic activities is to
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serve the society
Earn profit
Serve the society beside spiritual satisfaction
Earning the fame
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Question # 5
What does a business organization mean
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Sole tradership
Partnership
Joint stock company
All the above
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Question # 6
Economic activities mean
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Business
Business and profession
Business, profession end employment
None of the above
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Question # 7
The businessman is:
Choose an answer
A trader
A producer
A distributor
A trader, producer and distributor
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Question # 8
A person who deals in ready made item is:
Choose an answer
Manufacturer
Worker
Trader
Distributor
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Question # 9
What does a business organization mean:
Choose an answer
Sole tradeship
Partnership
Joint stock company
All the above
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Question # 10
Human activities consist of following activities
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Un-commanded
Commanded
Commanded and un-commanded
None of the above
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Question # 11
A person who deals in ready made items is
Choose an answer
Manufacturer
Worker
Trader
Distributor
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Question # 12
The businessman is
Choose an answer
A trader
A producer
A distributor
A trader, producer and distributor
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Question # 13
Economic activities mean:
Choose an answer
Business
Business and profession
Business, profession and employment
None of the above
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Question # 14
Economic activity which gives
Choose an answer
Predetermined income
Fixed income
Both a and b
None of these
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Question # 15
A business takes into account the following activities
Choose an answer
Economic
Non-economic
Social
None of these
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