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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The following letter is written to draw the personal attention of addressee
Choose an answer
Official letter
Demi-official letter
Reminder
Formal letter
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Question # 2
The persons who mange the affairs of company are called:
Choose an answer
The shareholders
The debentureholders
The promotors
The directors
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Question # 3
The quantity of advertisements in a departmental store:
Choose an answer
More
Less
Reasonable
None
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Question # 4
Limited partnership is formed under limited partnership act
Choose an answer
1897
1907
1917
1927
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Question # 5
In Modaraba, the person who invests capital is called
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Modarib
Rab-ul-Mal
Investor
Business man
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Question # 6
What is written first in an official letter
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Reference no.
Heading
Subject line
None of these
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Question # 7
Whose signature is important on statutory report of the company
Choose an answer
Shareholders
Promoters
Directors
Auditors
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Question # 8
In Pakistan, life insurance business was nationalized in:
Choose an answer
1970
1972
1973
1978
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Question # 9
The wholesaler and retailer are called:
Choose an answer
Middleman (agents)
Merchant middlemen
Broker
Factor
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Question # 10
What is prepared after sending the goods
Choose an answer
Bill of lading
Invoice
Receipt of mate
All of these
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Question # 11
Economic activities mean
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Business
Business and profession
Business, profession end employment
None of the above
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Question # 12
Who does transfer the goods from manufacturer to consumer:
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Retailer
Wholesaler
MIddleman
None of these
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Question # 13
The liability of shareholders in co-operative society
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Limited
Unlimited
Both a and b
None
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Question # 14
Warehousing for government is the source of
Choose an answer
Income
Problem/tension
Debt
None of these
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Question # 15
What is excluded from a co-operative society
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Consumer
Retailer
Wholesaler
Capitalist
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Question # 16
The objective of non-economic activities is to
Choose an answer
serve the society
Earn profit
Serve the society beside spiritual satisfaction
Earning the fame
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