First Year Principles of Commerce Chapter 2 Online MCQ Test for 1st Year Principles of Commerce Chapter 2 (Nature and Scope of Commerce)

This online test contains MCQs about following topics:

Division of business . Introduction and types of industry . Scope of commerce . Difference among different concepts

ICOM Part 1 Commerce Ch. 2 Test
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MCQ's Test For Chapter 2 "Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test"

Try The MCQ's Test For Chapter 2 "Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test

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Question # 1

Industry is the component of:

Question # 2

Trade means

Question # 3

Two important components of the business

Question # 4

The literal meaning of trade is

Question # 5

Commerce means the activities which help in:

Question # 6

Two types of industry

Question # 7

Trade is the component of

Question # 8

Imports and exports are the kinds of

Question # 9

Commerce is the component of

Question # 10

Primary industry can be divided into two parts

Question # 11

Trade is the component of:

Question # 12

Two important components of the business:

Question # 13

Commerce and business

Question # 14

Secondary industry can be divided into two parts/types:

Question # 15

Primary industry can be divided into two parts/types:

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11th Principles of Commerce Chapter 2 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 2 Important MCQ's

Sr.# Question Answer
1 Commerce is related to:
A. Distribution of goods
B. Sale of goods
C. Purchase of goods
D. All the above
2 Commerce is the component of:
A. Industry
B. Trade
C. Business
D. Government service
3 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
4 Imports and exports are the kinds of
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
5 The literal meaning of trade of:
A. Exchange
B. Buying and selling
C. Removal of human obstacles
D. Business
6 Primary industry can be divided into two parts
A. Extractive, genetics
B. Constructive, genetics
C. Extractive, secondary
D. Construcive, manufacturing
7 Trade means
A. Wholesaling
B. Retailing
C. Import and export
D. All the three
8 Industry is the component of
A. Commerce
B. Trade
C. Business
D. Government service
9 Commerce means the activities which help in:
A. Buying and selling of goods
B. Transportation of goods
C. Transferring goods from factory to consumers
D. None of the above
10 Trade is the component of
A. Commerce
B. Industry
C. Agriculture
D. None of these

Test Questions

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