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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In case of emergency, foreign trade makes the supply of goods:
Choose an answer
Easy
Difficult
Unimportant
Important
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Question # 2
A document having the detail of solid goods is:
Choose an answer
Invoice
Payment receipt
Debit note
Inquiry letter
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Question # 3
Exact copy of letter or document can be taken from:
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Photo state machine
Automatic typemachine
Electric typemachine
Type writer
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Question # 4
The following is used for posting through posting machine
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Debit card
Credit card
Larger card
None of these
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Question # 5
The expenses of mall retailers are:
Choose an answer
Less
Normal
More
None
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Question # 6
Messages are sent from one place to another immediately by
Choose an answer
Personal visit
Telephone
Tele-printer
None of these
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Question # 7
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 8
The partnership formed for any special project is called:
Choose an answer
Limited partnership
Particular partnersip
Partnership at will
All of these
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Question # 9
The salutation and complimentary close are not used in:
Choose an answer
Private letters
Reminder
Govt. memo
None of these
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Question # 10
Home trade does not include:
Choose an answer
Producers
Wholesaler
Retailer
Importers
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Question # 11
A process of classifying and arranging records so that they can be obtained without delay is called
Choose an answer
Index
Filling
Both a and b
None of these
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Question # 12
A non-active partner in a partnership:
Choose an answer
Neither invests nor takes part in the business
Doesn't invest buttakes part in the business
Invests but doesn'ttake part in the business
None of the above
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Question # 13
Because of an organized office, business:
Choose an answer
Expands / widens
Contracts
Remains unchanged
None of these
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Question # 14
What does a company issue to get loan from the public
Choose an answer
Shares
Debentures
Dividend
All the three
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Question # 15
The membership of chamber is given to
Choose an answer
Large industrial and commercial associations
Medium industrial and commercial associations
Small industrial and commercial associations
All the above
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Question # 16
For the sale of goods, a businessman depends upon
Choose an answer
The employees
The relatives
The demand of customers
None of these
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