Question # 1

Shares issued to promoter are called:

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Ordinary shares

Preference shares

Deferred shares

None of these

Messages are sent from one place to another immediately by

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Personal visit

Telephone

Tele-printer

None of these

To whom does the directors of a company submit the copy of profit and loss account:

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Company's registrar

Company's auditor

Company's creditor

None of these

The number of important and unimportant parts of a business letter can be:

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Ten

Fourteen

Seven

None of these

The person to whom the letters is writen is.

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Addresses

Attention line

Truly

None of these

In demi-official letter, an addressee is addressed by his:

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Post

Name

Surname

All are correct

A shopkeeper who buys goods in a less quantity and sells it to consumer is called

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Wholesaler

Retailer

Producer

Agent

Who cannot be a member of co-operative society

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Govt. Servant

Illiterate person

Minor person

None of these

A sole proprietor forms his business after:

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The government's acceptance

Fulfilling the legal requirements

His own will

The permission of relative

The letters sent for personal or domestic matters are called:

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Formal letters

Routine letters

Personalletters

None of these

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

A wholesaler buys goods in:

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Reasonable quantity

Abundant quantity

Less quantity

Does not buy or sell

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

The minimum number of directors in a multimembers private ltd. company:

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Five

Seven

Two

Not fixed

Due to foreign trade, the less developed countries:

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Becomes international slaves

Do not progress

Do not live alone

None of these

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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