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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The method of fulfilling a claim is stated in
Choose an answer
Letter of enquiry
Order letter
Complaint letter
None of these
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Question # 2
How many kinds of wholesaler
Choose an answer
3
4
5
6
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Question # 3
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 # 4
Not in home trade
Choose an answer
Tax saving
Foreign currency
Stability in price
Decrease in expenditures
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Question # 5
A government company can be registered as:
Choose an answer
Private company
Public company
No need of registration
First two are correct
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Question # 6
A sole proprietor forms his business after
Choose an answer
The government's acceptance
Fulfilling the legal requirements
His own will
The permission of relatives
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Question # 7
The report send along with the notice of statutory meeting is called:
Choose an answer
Company report
Auditor'sreport
Statutoryreport
Profit and lossreport
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Question # 8
The decisions of sole trade ship depend on:
Choose an answer
The will of friends
The will of sole-trader
The will of government
The will of relatives
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Question # 9
The style of an official letter is
Choose an answer
Personal / private
Individual
Non-individual
All of these
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Question # 10
In Modaraba
Choose an answer
Two persons invent money
Both persons invest money and labour
One person invests money and the other invests labour and experience
All of the above
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Question # 11
Which is the modern and developed means of transportation of goods and passengers:
Choose an answer
Water
Air
Land
All the above
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Question # 12
Human activities consist of following activities
Choose an answer
Un-commanded
Commanded
Commanded and un-commanded
None of the above
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Question # 13
Choose the merits of air transport
Choose an answer
Fastest
Natural highway
Better service
All of above
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Question # 14
Personal letters are divided into:
Choose an answer
Two
Five
Seven
Nine
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Question # 15
The agent appointed for the sale of goods:
Choose an answer
Broker
Auctioneer
Factor
Underwritter
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Question # 16
Why is public not include towards insurance in Pakistan?
Choose an answer
Due to ignorance
Due to poverty
Due to economics backwardness
All three
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