Question # 1

The minimum number of partnership in a partnership are

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Two

Four

Six

Ten

The salutation and complimentary close are not used in:

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Private letters

Reminder

Govt. memo

None of these

Commerce is the component of:

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Industry

Trade

Business

Government service

In order to wind up the sole tradership:

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The acceptance of the government is sought

No legal process is required

The meeting of administration is required

The will of the friends is required

Partnership deed can be:

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Written

Oral

Written & Registered

All are correct

A consumer has a direct link with

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Retailer

Wholesaler

Industrialist

Agent

According to Jiwan Sathi insurance, the husband and wife are provided with financial security in

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One installment

Two installments

Three installments

Four installments

Due to means of transportation, the production of goods is possible on:

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Large scale

Small Scale

Middle Scale

None of these

Kinds of horizontal filing

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Arch and geographical

Wire and geographical

Arch and wire

Geographical and vertical

The most important document of a company is:

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The memorandum

The articles

The prospectus

The accounts of company

Choose the full form of F.A.S

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Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

Advertisement means

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Production of goods

Sale of goods

Introduction of new goods

Spoilage of goods

Attainment of common objectives under the guidance of the leader of organization is possible through:

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Office

Office organizations

Workers

Customers

Name the of kinds of filing

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Central and horizontal filing

Central and departmental filing

Horizontal and vertical filing

Central and vertical filing

The wholesaler and retailer are called:

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Middleman (agents)

Merchant middlemen

Broker

Factor

The rate o interest in long term finance is

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Less

Non

More

All the above

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

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