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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
What is written first in an official letter
Choose an answer
Reference no.
Heading
Subject line
None of these
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Question # 3
A business takes into account the following activities:
Choose an answer
Economic
Non-economic
Social
None of these
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Question # 4
Modaraba is established for a
Choose an answer
Limited period
Unlimited period
Both a and b
None of the above
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Question # 5
In case of emergency, foreign trade makes the supply of goods:
Choose an answer
Easy
Difficult
Unimportant
Important
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Question # 6
Filing means
Choose an answer
Systematic preservation of records
Non-systematic preservation of records
End of business documents
To run business in a profitable way
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Question # 7
The source of importing goods:
Choose an answer
Wholesaler (trader)
Indent firm
Foreign purchase office
All of the above
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Question # 8
A company established by the order of parliament of president is called:
Choose an answer
Government company
Chartered company
Statutory company
None of these
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Question # 9
Which business organization can be dissolved through a legal procedure:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 10
joint stock company is that business organization which is
Choose an answer
Durable
Not ended
Not durable
None of these
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Question # 11
If the copy of letter is to be sent to another person then the written word is called
Choose an answer
C.C
P.C
T.C
P.G
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Question # 12
In sole tradership:
Choose an answer
The government provides finance
Only the trader provides finance
Many people collectively provide finance
The relatives provide finance
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Question # 13
An extra message is added at the end of letter called:
Choose an answer
T.C
P.S
T.S
C.C
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Question # 14
In case of cumulative preference shares, the profit if not paid for one year is:
Choose an answer
Expired
Not Expired
Included in company's capital
None of the above
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Question # 15
Methods of filing:
Choose an answer
Horizonal and vertical
Arch and horizontal
Arch and vertical
None of these
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Question # 16
The person who invests in a Modaraba company is called:
Choose an answer
Modarib
Capitalist
Rab-ul-mal
All are correct
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