Question # 1

The quantity of goods sold to consumers in a departmental store is

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Reasonable

More

Small

All of the above

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

While selling the goods, anagent is:

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Bound to follow principal's instructions

Not bound to follow principal's instructions

Master of his own will

None of these

For the poor, advertisement is

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Non-effective

Reason of happiness

Cause of financial tention and despair

Wastage of time

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

For how much time the directors are selected in a public ltd. company

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2 years

3 years

7 years

10 years

How many sub-classification of proper wholesaler

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4

5

6

7

An agent appointed for sending goods to other countries is called:

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Export agnet

Import agent

Forwarding agent

Clearing agent

In sole tradership, the responsibility of loss is on

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The manger

Many people

A single person

The employees

Commerce and business

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The scope of business is wider than commerce

The scope of commerce is wider than business

Both have the same scope

Both have a wider scope than each other

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

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1920

1925

1930

1935

Which company can issue the shares to public

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Chartered company

Public ltd. company

Private company

All the above

How many step in procedure of export trade

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21

22

23

24

What is excluded from a co-operative society

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Consumer

Retailer

Wholesaler

Capitalist

The memorandum of company is prepared by:

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Specialist

Promoters

Experts

All the above

Home trade does not include:

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Producers

Wholesaler

Retailer

Importers

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

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