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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Who does accept and indent:
Choose an answer
Exporter
Importer
Government
None of these
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Question # 2
The minimum number of partnership in a partnership are
Choose an answer
Two
Four
Six
Ten
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Question # 3
The memorandum and articles of company are:
Choose an answer
Two names of the same document
Two different documents
They are not documents
Both have the same objective
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Question # 4
The voyage policy is taken for
Choose an answer
Specific voyage
Specific centres
Specific person
Voyage of different countries
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Question # 5
Shirkat-ul-Mufavdha cannot be formed between
Choose an answer
Muslims & non-muslim
Owner and worker
Major and minor
All correct
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Question # 6
The voyage policy is taken for:
Choose an answer
Specific voyage
Specific centres
Specific person
Voyage of different countries
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Question # 7
In vertical filing, files are kept
Choose an answer
In alphabetical order
In standing or vertical position
In numerical order
None of these
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Question # 8
The method of fulfilling a claim is stated in
Choose an answer
Letter of enquiry
Order letter
Complaint letter
None of these
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Question # 9
Name the of kinds of filing
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Central and horizontal filing
Central and departmental filing
Horizontal and vertical filing
Central and vertical filing
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Question # 10
What is prepared after sending the goods
Choose an answer
Bill of lading
Invoice
Receipt of mate
All of these
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Question # 11
Number of local chambers of commerce and industry in Pakistan after establshment:
Choose an answer
2
5
7
12
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Question # 12
How many important terms of import trade
Choose an answer
18
19
20
21
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Question # 13
In sole tradership, the responsibility of loss is on
Choose an answer
The manger
Many people
A single person
The employees
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Question # 14
The minimum number of persons in a multimembers private company:
Choose an answer
Seven
Four
Two
Three
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Question # 15
The wholesaler creates a link between
Choose an answer
Retailer and consumer
Retailer and manufacturer
Consumer and manufacturer
All the above
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Question # 16
The memorandum of company is prepared by:
Choose an answer
Specialist
Promoters
Experts
All the above
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