Question # 1

Two important components of the business

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

Choose the function of chamber

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Promotion of trade and commerce

Trade restrictions

Latest information

All of above

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:

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6 months

9months

12months

16months

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:

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6 months

9 months

12 months

16 months

Choose the members of chamber

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Chamber members

Associate members

Group members

All of the above

The person to whom the letter is written is:

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Addressee

Attention line

Truly

None of these

Not included in communication machines

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Telephone

Dictation machine

Tele-printer

Folding machine

The time period of short time finance is:

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Two years

More than one year

One and half year

One or less than one year

A person who sells goods of merchant to another person is called:

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Retailer

Middleman

Agent

Wholesaler

Export trade includes all the activities, which are performed in sending goods from one country to another country is called

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Import trade

Export trade

Foreign trade

None of these

The shares of a joint stock company are:

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Transferable

Not for common person

Of high value

All are correct

How many qualities of an office workers

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3

4

5

6

Generally vowel letters help in:

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Filing

Horizontal

Indexing

All are wrong

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

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