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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A consumer has a direct link with
Choose an answer
Retailer
Wholesaler
Industrialist
Agent
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Question # 2
Which company requires a certificate of commencement
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Public company
Private company
Chartered company
All the above
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Question # 3
The writing style of official letters is typical and definite. Moreover, the language of body in letter is always formal is called
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Typical style
Conciseness
Correctness
Simplicity
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Question # 4
The manufacturer wholesalers make their goods
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Themsleves
From others
Both a and b
None of the above
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Question # 5
By storing some items in the warehouses for a long period of time
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Price increases
Price decreases
price remains stable
Items perishes
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Question # 6
What type of security does life insurance offer ?
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Individual
Collective
Both (a) & (b)
None of (a) & (b)
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Question # 7
Who does accept an indent
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Exporter
Importer
Government
None of these
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Question # 8
Due to means of transportation, the production of goods is possible on:
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Large scale
Small Scale
Middle Scale
None of these
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Question # 9
The first part of a business letter is
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Reference no.
Heading
Subject line
None of these
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Question # 10
Who can be a director of a company:
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Immature / Minor
Artificial person
Representative of the creditor
Insolvent person
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Question # 11
Method of preserving paperss
Choose an answer
Indexing
Filing
Storage
All are correct
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Question # 12
The truck jobers has a business of
Choose an answer
Electronics or furniture
Medicines
Eatables
Sports goods
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Question # 13
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 # 14
A sole proprietor may expand his business by:
Choose an answer
Employing more persons
Having a new shareholder
Both (a) and (b)
Having more shareholders
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Question # 15
Imports and exports are the kinds of:
Choose an answer
Home trade
Foreign trade
Provincial trade
None of these
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Question # 16
The first part of a business letter is:
Choose an answer
Reference no.
Heading
Subject line
None of these
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