Question # 1

Commerce is related to:

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Distribution of goods

Sale of goods

Purchase of goods

All the above

The performance of an office depends upon

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Principle

Workers

Office machines

Office management

How many types of an indents

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2

3

4

5

A process of classifying and arranging records so that they can be obtained without delay is called

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Index

Filling

Both a and b

None of these

The person who gets himself insured is called:

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Insured

Proposer

Insurance policy

Both (a) and (b)

If any person gets income on the basis of knowledge and skill then it is:

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Business

Economic activity

Profession

Trade

The best form of a partnership deed is:

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Verbal

Written

Written and registered

None of the above

A retailer buys good from following market:

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National / home

Local

International

All of the above

Kinds of home trade:

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Two

Four

Three

None

A retailer sells goods to:

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Consumer

Wholesaler

Manufacturer

All the above

The details of the allotted shares is mentioned in:

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Statutory report

Annual meeting report

Special meeting report

All of them

People who run the management of a joint stock company are

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Shareholders

Creditors

Directors

Debentureholders

A consumer has a direct link with:

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Retailer

Wholesaler

Industrialist

Agent

Circular letter is a kind of

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Official letter

Business letter

Both letters

None of these

A retailer sells goods to

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Consumer

Wholesaler

Manufacturer

All the above

If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called

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Open indent

Close indent

Both a and b

None of these

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

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