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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
What is necessary for the formation of chamber of commerce and industry
Choose an answer
Constitution of chamber of commerce and industry
Rules and regulation of chamber of commerce and industry
Both a and b
None of these
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Question # 2
The profit given to shareholder on their investment by a company is called:
Choose an answer
Debenture
Share
Dividend
Bonus
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Question # 3
What does a company get from the prospectus:
Choose an answer
Capital
Fame
Registration
All the three
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Question # 4
When both the parties are satisfied with the performance of each other then their deal comes to an end are called
Choose an answer
End of deal
Securing payment
Delivery of documents
Dispatching the documents
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Question # 5
An official letter is a cheap means of communication as compared to other means due to its less cost
Choose an answer
Cheap means
Settlement of disputes
Written proof
None of these
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Question # 6
In a large business, a separate department is responsible for advertising the products. are called
Choose an answer
Purchase department
Sales department
Advertising department
Administrative department
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Question # 7
Circular letter is a kind of:
Choose an answer
Official letter
Business letter
Both letters
None of these
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Question # 8
If the trader does not want to get the goods himself, he issues to the officials:
Choose an answer
Bill of entry
Bill of sight
Delivery order
Bill of lading
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Question # 9
Not suitable for huge size and heavy goods
Choose an answer
Air transport
Railway transport
Road transport
Water transport
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Question # 10
An agent who is helpful in the sale and purchase of shares:
Choose an answer
Clearing agent
Underwriter
Forwarding agent
Auctioneer
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Question # 11
The small retailers sell their goods:
Choose an answer
On credit
On cash
On cash to rich and on credit to poor
All of the above
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Question # 12
The advertisement:
Choose an answer
Increases money
Saves money
Is wastage of money
Decreases money
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Question # 13
An office worker should have to his credit:
Choose an answer
Personal qualities
Physical qualities
Educational qualities
All of these
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Question # 14
Because of an organized office, business:
Choose an answer
Expands / widens
Contracts
Remains unchanged
None of these
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Question # 15
The following is used for posting through posting machine:
Choose an answer
Debit card
Credit card
Larger card
None of these
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Question # 16
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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