Question # 1

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

Due to export trade

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Increase in employment opportunities

Increase in foreign exchange

Relations with other countries establish

All of the above

The time recording machine is used in

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Industrial concerns

Colleges

Hospitals

All are correct

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

The word index is derived from which language:

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Greek

Latin

French

Japanese

When goods are received in home country after purchasing them from other countries is called

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Import trade

Export trade

Both a and b

None of these

Import means the purchase of goods and services from foreign countries are called

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Import trade

Export trade

Both a and b

None of these

joint stock company is that business organization which is

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Durable

Not ended

Not durable

None of these

Choose the correct full form of F.O.B

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Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

In Pakistan, a co-operative society is established under the following act

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1920

1925

1930

1935

In the absence of agreement, what will be the interest rate on extra capital of a partner

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4%

6%

10%

12%

A sole proprietor may expand his business by:

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Employing more persons

Having a new shareholder

Both (a) and (b)

Having more shareholders

Because of international trade, the less developed countries make progress:

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Economically

Politically

Stately/republically

None of the above

The govt. has monopoly in

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Railway transport

Air transport

Road transport

Water transport

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

Kinds of home trade

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Import & export trade

Wholesaling & import trade

Retail and wholesale trade

All of the above

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

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