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

Commerce means the activities which help in:

Question # 2

Commerce means the activities which help in

Question # 3

Imports and exports are the kinds of

Question # 4

Two important components of the business

Question # 5

Two important components of the business:

Question # 6

Trade means:

Question # 7

Helps of facilitates the trade:

Question # 8

Helps or facilitates to trade

Question # 9

Industry is the component of

Question # 10

Commerce is the component of:

Question # 11

Two types of industry:

Question # 12

Commerce is related to

Question # 13

Commerce and business:

Question # 14

Industry includes those activities which are related to:

Question # 15

The literal meaning of trade is

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

Sr.# Question Answer
1 Secondary industry can be divided into two parts/types:
A. Constructive, extractive
B. Constructive, manufacturing
C. Extractive, genetics
D. Constructive, genetics
2 The literal meaning of trade of:
A. Exchange
B. Buying and selling
C. Removal of human obstacles
D. Business
3 Two types of industry
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing
4 Primary industry can be divided into two parts/types:
A. Extractive, genetics
B. Constructive, genetics
C. Extractive, secondary
D. Constructive, manufacturing
5 Trade means
A. Wholesaling
B. Retailing
C. Import and export
D. All the three
6 Industry includes those activities which are related to:
A. Selling and buying of goods
B. Sale of goods
C. Preparation of goods and services
D. All the above
7 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
8 Commerce and business
A. The scope of business is wider than commerce
B. The scope of commerce is wider than business
C. Both have the same scope
D. Both have a wider scope than each other
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 Two types of industry:
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing

Test Questions

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