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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A company formed according to the royal charter is
Choose an answer
Modaraba company
Chartered company
Statutory company
Registered company
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Question # 2
In which form of business organization, the element of secrecy is maintained:
Choose an answer
Partnership
Joint stock company
Sole tradership
None of the above
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Question # 3
If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called:
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Bill of sight
Bill of lading
Bill of entry
Bill of order
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Question # 4
What is necessary for the formation of chamber of commerce and industry:
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Constitution of chamber of commerce and industry
Rules and regulations of chamber of commerce and industry
Both (a) and (b)
None of these
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Question # 5
Less capital is needed for which means of transport:
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Water
Road
Air
All the above
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Question # 6
The performance of an office depends upon
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Principle
Workers
Office machines
Office management
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Question # 7
The small retailers work:
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At one place
In streets
One medium scale
On large scale
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Question # 8
A company in which at least 51% shares are held by the govt. is called:
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Chartered company
Public company
Statutory company
Government company
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Question # 9
The directors are selected by:
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Shareholders
Promoters
Board of directors
All three can do
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Question # 10
The word "Private" is not used by
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A statutory company
A public company
A chartered company
All the above
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Question # 11
Different products are sent to final consumers through
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Manufacturer
Trader
Means of transportation
Both a and b
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Question # 12
Which business organization can be dissolved through a legal procedure:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 13
Who provides the capital for co-operative society
Choose an answer
Government
Members
Banks
None of these
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Question # 14
The international trade is entirely dependent to
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Agricultural development
Industrial development
Means of transportation
Warehousing
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Question # 15
What is excluded from a co-operative society
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Consumer
Retailer
Wholesaler
Capitalist
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Question # 16
Primary industry can be divided into two parts/types:
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Extractive, genetics
Constructive, genetics
Extractive, secondary
Constructive, manufacturing
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