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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In Modaraba, the person who invests capital is called:
Choose an answer
Modarib
Rab-ul-Mal
Investor
Businessman
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Question # 2
The participants in sole tradership is/are:
Choose an answer
One
Two
Three
Five
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Question # 3
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
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Question # 4
Short term financing helps in meeting the:
Choose an answer
Seasonal requirements of business
Emergency expenses
Both (a) and (b)
None of these
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Question # 5
If a person gets his property insured from to different company's then it is called:
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Whole life insurance
Double insurance
Compensatory insurance
None of these
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Question # 6
The important source of sending a voice message is:
Choose an answer
Television
Radio
Video cassette
None of these
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Question # 7
Important types of means of transport are
Choose an answer
Four
Three
Two
Five
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Question # 8
An agent appointed for sending goods to other countries is called:
Choose an answer
Export agnet
Import agent
Forwarding agent
Clearing agent
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Question # 9
Public and bonded warehouses are generally built near the
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Ports
markets
Industries
Residential colonies
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Question # 10
In demi-official letter, an addressee is addressed by his
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Post
Name
Surname
All are correct
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Question # 11
The shareholders should be informed about the statutory meeting least:
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14 days before
21 days before
7 days before
None of these
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Question # 12
Who provides capital in sole proprietorship:
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Sole owner
Bank
Workers
Relatives
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Question # 13
Factor are the
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Customers of business
Servants of business
Debtors of business
Person who take responsibility of receiving money from debtors
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Question # 14
Which warehouses are the private property of business centers
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Government
Private
Bonded
None of these
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Question # 15
In case of emergency, foreign trade makes the supply of goods:
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Easy
Difficult
Unimportant
Important
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Question # 16
The objective of a statutory meeting is
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To raise funds
To settle preference
To gain the confidence of company's shareholders
To sell the shares
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