First Year Principles of Commerce Chapter 15 Online MCQ Test for 1st Year Principles of Commerce Chapter 15 (Middlemen)

This online test contains MCQs about following topics:

Introduction, definition and classification of middlemen . Rights & duties of an agent . Kinds of agents

ICOM Part 1 Commerce Ch. 15 Test
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MCQ's Test For Chapter 15 "Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test"

Try The MCQ's Test For Chapter 15 "Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test

00:00
Question # 1

An agent who is responsible for the receipt of money besides selling goods

Question # 2

An agent who sells goods only for a specific organization is called

Question # 3

The broker agent gets for his services

Question # 4

Who does transfer the goods from manufacturer to consumer:

Question # 5

An agent who cannot get the possession of goods from principal is:

Question # 6

Middlemen means those person who

Question # 7

An agent means a person who

Question # 8

An agent who is helpful in the sale and purchase of shares:

Question # 9

The agent appointed for the sale of goods

Question # 10

The real or actual proprietor or owner of goods is:

Question # 11

The remuneration of an agent is called

Question # 12

An agent who is responsible for the receipt of money besides selling goods:

Question # 13

Middlemen means those persons who:

Question # 14

While selling the goods, anagent is:

Question # 15

Who does transfer the goods from manufacturer to consumer

Prepare Complete Set Wise Chapter 15 "Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test" MCQs Online With Answers


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00:00
15th Chapter

11th Principles of Commerce Chapter 15 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 15 Important MCQ's

Sr.# Question Answer
1 An agent appointed for sending goods to other countries is called
A. Export agent
B. Import agent
C. Forwarding agent
D. Clearing agent
2 An agent who is helpful in the sale and purchase of shares:
A. Clearing agent
B. Underwriter
C. Forwarding agent
D. Auctioneer
3 The remuneration of an agent is called:
A. Wages
B. Profit
C. Salary
D. Commission
4 While selling the goods, anagent is:
A. Bound to follow principal's instructions
B. Not bound to follow principal's instructions
C. Master of his own will
D. None of these
5 The agent appointed for the sale of goods:
A. Broker
B. Auctioneer
C. Factor
D. Underwritter
6 Creates link between the manufacturer and consumer:
A. Retailers
B. Wholesalers
C. Agents
D. Middlemen
7 An agentt means a person who:
A. Buys goods from manufacturer
B. Buys and sells goods
C. Renders services to other organizations
D. Producers goods himself
8 Who does transfer the goods from manufacturer to consumer:
A. Retailer
B. Wholesaler
C. MIddleman
D. None of these
9 The agent who sells and buys goods of all kinds is called:
A. Commission agent
B. Underwritter
C. Broker
D. Exporting agnet
10 Who does transfer the goods from manufacturer to consumer
A. Retailer
B. Wholesaler
C. Middleman
D. None of these

Test Questions

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