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

Two important components of the business:

Question # 2

Commerce means the activities which help in

Question # 3

Secondary industry can be divided into two parts/types:

Question # 4

Industry includes those activities which are related to

Question # 5

Commerce is the component of

Question # 6

Helps or facilitates to trade

Question # 7

Commerce and business

Question # 8

Trade means:

Question # 9

Two important components of the business

Question # 10

Commerce is related to

Question # 11

Two types of industry:

Question # 12

Commerce is the component of:

Question # 13

Two types of industry

Question # 14

Trade means

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 Trade means
A. Wholesaling
B. Retailing
C. Import and export
D. All the three
2 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
3 Trade means:
A. Wholesaling
B. Retailing
C. Import and Export
D. All the three
4 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
5 Primary industry can be divided into two parts
A. Extractive, genetics
B. Constructive, genetics
C. Extractive, secondary
D. Construcive, manufacturing
6 Secondary industry can be divided into two parts
A. Constructive, extractive
B. Constructive, manufacturing
C. Extractive, genetics
D. Constructive, genetics
7 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
8 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
9 Two important components of the business:
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss
10 Trade is the component of
A. Commerce
B. Industry
C. Agriculture
D. None of these

Test Questions

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