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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The details of the allotted shares is mentioned in:
Choose an answer
Statutory report
Annual meeting report
Special meeting report
All of them
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Question # 2
Registration of the partnership business:
Choose an answer
Is necessary
Depends on the will of partners
Depends on the will of registrar
None of these
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Question # 3
Due to export trade
Choose an answer
Increase in employment opportunities
Increase in foreign exchange
Relations with other countries establish
All of the above
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Question # 4
Liability of shareholders in a joint stock company is
Choose an answer
Limited
Unlimited
None
All are correct
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Question # 5
Letters are folded by:
Choose an answer
Folding machine
Sealingmachine
Staplermachine
All are correct
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Question # 6
Primary industry can be divided into two parts/types:
Choose an answer
Extractive, genetics
Constructive, genetics
Extractive, secondary
Constructive, manufacturing
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Question # 7
The quantity of advertisements in a departmental store:
Choose an answer
More
Less
Reasonable
None
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Question # 8
The truck jobers has business of:
Choose an answer
Electronics of furniture
Medicines
Eatables
Sports goods
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Question # 9
The agent who sells and buys goods of all kinds is called:
Choose an answer
Commission agent
Underwritter
Broker
Exporting agnet
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Question # 10
The memorandum and articles of company are
Choose an answer
Two names of the same document
Two different documents
They are not documents
Both have the same objective
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Question # 11
Warehousing for government is the source of
Choose an answer
Income
Problem/tension
Debt
None of these
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Question # 12
Who provides the capital for co-operative society:
Choose an answer
Government
Members
Banks
None of these
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Question # 13
Secondary industry can be divided into two parts
Choose an answer
Constructive, extractive
Constructive, manufacturing
Extractive, genetics
Constructive, genetics
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Question # 14
An agent who cannot get the possession of goods from principal is:
Choose an answer
Factor
Commission agent
Broker
None of these
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Question # 15
If any person gets income on the basis of knowledge and skill then it is
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Business
Economic activity
Profession
Trade
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Question # 16
Commerce is related to
Choose an answer
Distribution of goods
Sale of goods
Purchase of goods
All the above
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