Question # 1

Because of import trade, the demand for national / home products:

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Reduces

Increases

Remains normal

Both (a) and (b)

The reference number is written after writing the heading in the letter

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On left side

On right side

In the end

None of these

Advertisement develops in consumers

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Temporary demand

Artificial demand

The demand of basic needs

No demand

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

In sole tradership, the responsibility of loss is on:

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The manger

Many people

A single person

The employees

Middlemen means those persons who:

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

Buy items from manufacturer

Name of kinds of filing:

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Central and horizonal filing

Central and departmental filing

Horizontal and vertical filing

Central and vertical filing

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

What is written after salutation in business letter

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Name of business

Name of owner of business

Subject line

All the three

An official letter should be:

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Concise

Suitable

Long

None of these

The govt. has monopoly in

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Railway transport

Air transport

Road transport

Water transport

The memorandum of company is prepared by:

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Specialist

Promoters

Experts

All the above

Warehousing for government is the source of:

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Income

Problem / tension

Debt

None of these

The decisions of sole trader ship depend on

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The will of friends

The will of sole-trader

The will of government

The will of relatives

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

The success of tradership is dependent to

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

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

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