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"

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  • Total Questions15

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

00:00
Question # 1

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

Question # 2

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

Question # 3

The real or actual proprietor or owner of goods is:

Question # 4

Main types of middleman are:

Question # 5

The agent appointed for the sale of goods

Question # 6

The agent who sells and buys goods of all kinds is called:

Question # 7

Who does transfer the goods from manufacturer to consumer

Question # 8

The wholesaler and retailer are called:

Question # 9

Middlemen means those person who

Question # 10

An agent appointed for sending goods to other countries is called:

Question # 11

A person who sells goods of merchant to another person is called:

Question # 12

An agent appointed for sending goods to other countries is called

Question # 13

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

Question # 14

An agent means a person who

Question # 15

A person who sells goods of merchant to another person is called

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

Sr.# Question Answer
1 An agent who sells goods only for a specific organization is called:
A. Common agent
B. Travelling agent
C. Special agent
D. Non of these
2 The broker agent gets for his services:
A. Commission
B. Profit
C. Surplus commission
D. Brokerage
3 Who does play an important role in the promotions of trade:
A. Middleman
B. Wholesaler
C. Merchant middle
D. None of these
4 An agent who can receive the payment from buyer
A. Clearing agent
B. Export agent
C. Factor
D. Underwriter
5 An agent who is responsible for the receipt of money besides selling goods:
A. Broker agent
B. Delcredere agent
C. Commissionagent
D. Specialagent
6 The agent who receives goods on the port instead of the owner
A. Export agent
B. Warehouse keeper
C. Clearing agent
D. Broker
7 Creates link between the manufacturer and consumer:
A. Retailers
B. Wholesalers
C. Agents
D. Middlemen
8 The real or actual proprietor or owner of goods is
A. Agent
B. Principal
C. Both a and b
D. None of these
9 An agent appointed for sending goods to other countries is called:
A. Export agnet
B. Import agent
C. Forwarding agent
D. Clearing agent
10 A person who sells goods of merchant to another person is called
A. Retailer
B. Middleman
C. Agent
D. Wholesaler

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