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

  • Time Allowed20

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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

Who does transfer the goods from manufacturer to consumer:

Question # 3

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

Question # 4

The real or actual proprietor or owner of goods is:

Question # 5

An agent means a person who

Question # 6

Who does play an important role in the promotions of trade:

Question # 7

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

Question # 8

The real or actual proprietor or owner of goods is

Question # 9

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

Question # 10

Middlemen means those persons who:

Question # 11

The agent who receives goods on the port instead of the owner

Question # 12

While selling the goods, anagent is:

Question # 13

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

Question # 14

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

Question # 15

The remuneration of an agent is called:

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

Sr.# Question Answer
1 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
2 Who does transfer the goods from manufacturer to consumer:
A. Retailer
B. Wholesaler
C. MIddleman
D. None of these
3 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
4 The agent appointed for the sale of goods
A. Broker
B. Auctioneer
C. Factor
D. Underwriter
5 The agent who sells and buys goods of all kinds is called
A. Commission agent
B. Underwriter
C. Broker
D. Exporting agent
6 Middlemen means those persons who:
A. Buy goods from the retailer
B. Buy goods from the wholesaler
C. Help in transferring goods from producer to consumer
D. Buy items from manufacturer
7 A person who sells goods of merchant to another person is called:
A. Retailer
B. Middleman
C. Agent
D. Wholesaler
8 Who does play an important role in the promotions of trade:
A. Middleman
B. Wholesaler
C. Merchant middle
D. None of these
9 The agent appointed for the sale of goods:
A. Broker
B. Auctioneer
C. Factor
D. Underwritter
10 The persons who sell their purchased goods are called:
A. Merchant middleman
B. Middlemanagents
C. Both (a) and (b)
D. Factor

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