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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The letters sent for personal or domestic matters are called.
Choose an answer
Formal letters
Routine letters
Personal letters
None of these
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Question # 2
A non-active partner in a partnership
Choose an answer
Neither invests nor takes part in the business
Doesn't invest but takes part in the business
Invests but doesn't take part in the business
None of the above
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Question # 3
A wholesaler makes it easy for
Choose an answer
Retailer
manufacturers
Retailer and manufacturers
None
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Question # 4
An extra message is added at the end of letter called:
Choose an answer
T.C
P.S
T.S
C.C
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Question # 5
The voyage policy is taken for:
Choose an answer
Specific voyage
Specific centres
Specific person
Voyage of different countries
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Question # 6
Due to progress in home trade, the following problem is solved
Choose an answer
Water
Unemployment
Illiteracy
All of the above
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Question # 7
The letter of credit is opened on the request of
Choose an answer
Importer
Exporter
Government
None of these
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Question # 8
What is prepared by the exporter on the settlements of matters:
Choose an answer
Invoice
Consular invoice
Certificate of origin
All of these
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Question # 9
Wholesalers buy and resell merchandize to retailers and other merchants and to industrial, institutional and commercial users, and do not sell in significant amount to ultimate consumers are called
Choose an answer
Wholesale trade
Retail trade
Proper wholesale
None of the above
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Question # 10
People who run the management of a joint stock company are
Choose an answer
Shareholders
Creditors
Directors
Debentureholders
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Question # 11
Who does write the delivery order
Choose an answer
Exporter
Owner of goods at port
Importer's bank
Govt. agent
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Question # 12
Personal letters are divided into:
Choose an answer
Two
Five
Seven
Nine
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Question # 13
A company in which at least 51% shares are held by the govt. is called:
Choose an answer
Chartered company
Public company
Statutory company
Government company
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Question # 14
Secondary industry can be divided into two parts
Choose an answer
Constructive, extractive
Constructive, manufacturing
Extractive, genetics
Constructive, genetics
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Question # 15
Who can be a director of a company:
Choose an answer
Immature / Minor
Artificial person
Representative of the creditor
Insolvent person
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Question # 16
If the price of goods includes the expense till custom duty, it is called:
Choose an answer
Duty paid
Custom paid
Inbond
None of these
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