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

00:00
Question # 1

Commerce is the component of:

Question # 2

Trade is the component of

Question # 3

Secondary industry can be divided into two parts/types:

Question # 4

Industry is the component of

Question # 5

Commerce and business

Question # 6

Trade means

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

Two types of industry

Question # 11

Industry includes those activities which are related to:

Question # 12

Commerce means the activities which help in:

Question # 13

Two types of industry:

Question # 14

Two important components of the business

Question # 15

Commerce and business:

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Sr.# Question Answer
1 Commerce is the component of:
A. Industry
B. Trade
C. Business
D. Government service
2 Commerce is the component of
A. Industry
B. Trade
C. Business
D. Government service
3 Trade is the component of
A. Commerce
B. Industry
C. Agriculture
D. None of these
4 Two important components of the business
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss
5 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
6 Two types of industry
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing
7 Trade is the component of:
A. Commerce
B. Industry
C. Agriculture
D. None of these
8 Industry is the component of
A. Commerce
B. Trade
C. Business
D. Government service
9 Commerce is related to:
A. Distribution of goods
B. Sale of goods
C. Purchase of goods
D. All the above
10 Two types of industry:
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing
11 Secondary industry can be divided into two parts
A. Constructive, extractive
B. Constructive, manufacturing
C. Extractive, genetics
D. Constructive, genetics
12 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
13 Helps or facilitates to trade
A. Business organizations
B. Retailers
C. Trade auxiliaries
D. National organizations
14 The literal meaning of trade of:
A. Exchange
B. Buying and selling
C. Removal of human obstacles
D. Business
15 Primary industry can be divided into two parts
A. Extractive, genetics
B. Constructive, genetics
C. Extractive, secondary
D. Construcive, manufacturing

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