Question # 1

What is necessary for the formation of chamber of commerce and industry:

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Constitution of chamber of commerce and industry

Rules and regulations of chamber of commerce and industry

Both (a) and (b)

None of these

Services of wholesaler many be classified in the following ______ groups

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Three

Four

Five

Six

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

The expenses of small retailers are

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Less

Normal

More

None

The objective of life insurance is to

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Make investment

Lessen the financial burden

Get security for loan

All the above

According to work, the main types of machines:

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Two

Three

Four

Five

Modarba company is formed under:

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Modarba companies ordinance 1980

Modarba companies ordinance 1984

Modarba companies ordinance 1960

Modarba companies ordinance 1970

The sole tradership is a business organization:

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Modern times

Olden times

A combination of (a) and (b)

All the above

The minimum number of persons in a multimembers private company:

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Seven

Four

Two

Three

Less capital is needed for which means of transport

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Water

Road

Air

All the above

What does a company issue to get loan from the public:

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Shares

Debentures

Dividend

All of these

Who can be a director of a company

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Immature/Minor

Artificial person

Representative of the creditor

Insolvent person

Co-operative society is established under the following act:

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1920

1925

1930

1935

In case of cumulative preference shares, the profit if not paid for one year is

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Expired

Not expired

Included in company's capital

None of the above

Due to advertisement, the sale of goods:

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Decreases

Increases

Remains same

Both (a) and (b) are possible

Selling the goods in large quantity on low profile results in:

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More profit

Less profit

Reasonable profit

No profit

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

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