Question # 1

The objective of non-economic activities is to:

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Serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

What is excluded from a co-operative society:

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Consumer

Retailer

Wholesaler

Capitalist

The indent in which the complete detail of goods is written called:

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Close indent

Open indent

complete indent

None of these

The memorandum of company is prepared by

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Registrar

The promoters

The experts

The employees

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

Success of a business office depends on:

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Bribery

Workers

Machines

None of these

The source of importing goods

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Wholesaler

Indent firm

Foreign purchase office

All the above

How many qualities in a good filling system

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13

14

15

16

Who has the authority of nominating members in the committee of chamber of commerce & industry

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Government

Public

Businessmen

Workers

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

What does a company get from the prospectus:

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Capital

Fame

Registration

All the three

The reference number is written after writing the heading is the letter.

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On left side

On right side

In the end

None of these

The following letter is written to draw the personal attention of addressee:

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Official letter

Demi-official letter

Reminder

Formal letter

The directors are selected by:

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Shareholders

Promoters

Board of directors

All three can do

If the goods and services are sold to the trader pf another country then it is called

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Import trade

Export trade

Foreign trade

None of these

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

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