Question # 1

Through correspondence, business

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Expands

Contracts

Has negative effects

None of these

The liability of members in co-operative society is generally:

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Limited

Unlimited

Both (a) and (b)

None

Maximum number of shareholders in a multi-members private company:

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Ten

Fifty

No limited

Twenty

The wholesaler informs the public about his products through

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Letters

Telephone

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Systematic preservations of records

Non-systematic preservations of records

End of business documents

To run business in profitable way

In Pakistan, Joint stock company is formed under:

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The Act of 1978

The Act of 1982

The Act of 1984

The Act of 1990

Another name for quotation letter:

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Catalogue

Order

None of these

Types of members of chamber of commerce and industry are:

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Four

Five

Three

Two

Because of international trade, the less developed countries make progress

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Economically

Politically

Stately/republically

None of the above

The performance of an office depends upon

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Principle

Workers

Office machines

Office management

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

Method of preserving papers:

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Indexing

Filing

Storage

All are correct

The department is responsible for selling goods to the customers are called

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sales department

Purchase department

Administrative department

None of these

If the price and quality of goods alongwith other factors are decided before the execution of order then it is called

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Close indent

Open indent

Both a and b

None of these

How many characteristics of warehouse

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6

7

2

9

Due to advertisement, the unemployment

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Lessens

Increases

Remains un-effected

Ends or disappears

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

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