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 is related to

Question # 2

Two types of industry:

Question # 3

Commerce and business

Question # 4

The literal meaning of trade is

Question # 5

Commerce is related to:

Question # 6

Commerce is the component of:

Question # 7

Industry includes those activities which are related to

Question # 8

Trade is the component of

Question # 9

Commerce is the component of

Question # 10

Industry includes those activities which are related to:

Question # 11

Commerce and business:

Question # 12

Secondary industry can be divided into two parts

Question # 13

Commerce means the activities which help in

Question # 14

Imports and exports are the kinds of:

Question # 15

Imports and exports are the kinds of

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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 Helps or facilitates to trade
A. Business organizations
B. Retailers
C. Trade auxiliaries
D. National organizations
2 Commerce is related to
A. Distribution of goods
B. Sale of goods
C. Purchase of goods
D. All the above
3 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
4 Primary industry can be divided into two parts
A. Extractive, genetics
B. Constructive, genetics
C. Extractive, secondary
D. Construcive, manufacturing
5 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
6 Commerce is the component of:
A. Industry
B. Trade
C. Business
D. Government service
7 Industry is the component of:
A. Commerce
B. Trade
C. Business
D. Government service
8 Trade means
A. Wholesaling
B. Retailing
C. Import and export
D. All the three
9 Trade is the component of:
A. Commerce
B. Industry
C. Agriculture
D. None of these
10 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

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