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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Number of local chambers of commerce and industry in Pakistan after establishment
Choose an answer
2
5
7
12
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Question # 2
A charter party is:
Choose an answer
A contract to reserve a ship for carrying goods
Application for opening the letter of credit
Letter of indemnity
All the three
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Question # 3
Kinds of home trade:
Choose an answer
Two
Four
Three
None
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Question # 4
Middlemen means those person who
Choose an answer
Buy goods from the retailer
Buy goods from the wholesaler
Help in transferring goods from producer to consumer
But items from manufacturer
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Question # 5
Kinds of letters are
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Two
Three
Four
None of these
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Question # 6
Due to export trade:
Choose an answer
Increase in employment opportunities
Increase in foreign exchange
Relations with other countries establish
All of the above
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Question # 7
How many problem in home trade
Choose an answer
7
8
9
10
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Question # 8
Group insurance is popular among:
Choose an answer
Unemployed people
Employees of business organizations
House wives
All the above
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Question # 9
To increase business, small packets of goods are and distributed among the people at
Choose an answer
Less price
Free of cost
Original price
More profit
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Question # 10
One to advertisement, the sale of goods
Choose an answer
Decreases
Increases
Remains same
Both a and b are possible
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Question # 11
A retailer generally buys goods from the:
Choose an answer
Government
Wholesaler
Industrialist
All the above
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Question # 12
An import trader can get himself registered under:
Choose an answer
import and export control Act 1950
import and export control Act 1952
import and export control Act 1975
None of these
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Question # 13
Whose role is important in trade
Choose an answer
Trader
Producer
Consumer
All the three
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Question # 14
A word "private" is not used by:
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 15
In home trade, the traders are related from
Choose an answer
One city
Two different cities of one country
Two different provinces of one country
All of the above
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Question # 16
Success of a business office depends on
Choose an answer
Bribery
Workers
Machines
None of these
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