Question # 1

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

The audit of a public limited company is:

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Not necessary

Necessary on yearly basis

After every three years

After every six months

The price of the share of society is:

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Equal to the face price

Above the face price

Less than the face price

All the above

The following is used for posting through posting machine

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Debit card

Credit card

Larger card

None of these

A person who deals in ready made items is

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Manufacturer

Worker

Trader

Distributor

The management committee of society is elected by:

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Members

Government

the will of one person

All the correct

What is excluded from a co-operative society

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Consumer

Retailer

Wholesaler

Capitalist

Private warehouses are owned by

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Business units

private individuals

Corporation units

None of these

The number of important and unimportant parts of a business letter can be

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Ten

Fourteen

Seven

None of these

An import trader can get himself registered under:

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import and export control Act 1950

import and export control Act 1952

import and export control Act 1975

None of these

How many function of chamber

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17

18

19

20

Kinds of fire insurance:

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Voyage and time insurance

Specific and floating policy

Fleet and valued policy

Endowment and term life policy

An extra message is added at the end of letter called

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T.C

P.S

T.S

C.C

The person who provide finance / capital to company are known as:

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Directors

Promoters

Shareholders

None of these

The formation of sole tradership as compared partnership is:

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Easy

Difficult

Same (No difference)

All of the above

An ordinary resolution is passed for

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Winding up of company

Section of statutory company

Not announcing the dividend

All of them

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

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