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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The life of tradership is:
Choose an answer
Long
Short
Defined/Fixed
Both long and short
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Question # 2
Joint stock company is that business organizations which is:
Choose an answer
Durable
Not ended
Not durable
None of these
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Question # 3
Commerce is the component of:
Choose an answer
Industry
Trade
Business
Government service
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Question # 4
A wholesaler buys goods in:
Choose an answer
Reasonable quantity
Abundant quantity
Less quantity
Does not buy or sell
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Question # 5
An official letter shold be
Choose an answer
Concise
Suitable
Long
None of these
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Question # 6
Shirkat-ul-Mufavdha cannot be formed between
Choose an answer
Muslims & non-muslim
Owner and worker
Major and minor
All correct
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Question # 7
The minimum number of persons in a multimembers private company:
Choose an answer
Seven
Four
Two
Three
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Question # 8
The chamber of commerce and industry is formed for
Choose an answer
Commerce
Trade
Industrial activities
All the above
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Question # 9
What is written in business letter after complimentary close:
Choose an answer
Signature
Saluation
Subject
Name of addressee
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Question # 10
Commerce means the activities which help in:
Choose an answer
Buying and selling of goods
Transportation of goods
Transferring goods from factory to consumers
None of the above
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Question # 11
The bill of trading reveals the:
Choose an answer
Legal ownership of goods
Price of goods
Government ownership of goods
None of the above
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Question # 12
The important source of sending a voice message is:
Choose an answer
Television
Radio
Video cassette
None of these
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Question # 13
The formation of sole tradership as compared partnership is:
Choose an answer
Easy
Difficult
Same (No difference)
All of the above
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Question # 14
Who provides capital in sole proprietorship:
Choose an answer
Sole owner
Bank
Workers
Relatives
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Question # 15
If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:
Choose an answer
25 thousand
50 thousand
1 lakh
Nothing
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Question # 16
The number of important and unimportant parts of a business letter can be:
Choose an answer
Ten
Fourteen
Seven
None of these
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