Question # 1

The memorandum and articles of company are:

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Two names of the same document

Two different documents

They are not documents

Both have the same objective

Industry includes those activities which are related to:

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

Maximum number of shareholders in a multi-members private company

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Ten

Fifty

No limited

Twenty

The receipt of public and bonded warehouses is used as

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Security

Business

Liability

None of these

How many step in procedure of export trade

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21

22

23

24

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

The person who gets himself insured is called:

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Insured

Proposer

Insurance policy

Both (a) and (b)

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

What does a business organization mean

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Sole tradership

Partnership

Joint stock company

All the above

An official letter shold be

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Concise

Suitable

Long

None of these

The wholesaler informs the public about the products through:

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Letters

Telephone

All the above

The directors are selected by

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Shareholders

Promoters

Board of directors

All three can do

The capital needed for a departmental store is:

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Less

More

Mechanical

None of the above

The wholesaler makes it easy for:

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Retailer

Manufacturers

Retailer and manufacturer

None of these

What is written in business letter after complimentary close:

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Signature

Saluation

Subject

Name of addressee

If the trader does not want to get the goods himself, he issues to the officials:

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Bill of entry

Bill of sight

Delivery order

Bill of lading

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

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