Question # 1

In horizontal filing, files are kept:

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In flat or horizontal position

In vertical position

Fixed with ribbon on cardboard

None of these

How many copies of bill of lading are prepared

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Two

Three

Four

Five

The person who makes arrangements for the departure of goods

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Forwarding agent

Clearing agent

Commission agent

Underwriter

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

The shares of a co-operative society can be transferred

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At any time

After 6 months

After 1 years

All are wrong

Due to warehousing facility

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Demand increases

There is control on supply

Supply increases

There is control on demand

For the sale of goods, a businessman depends upon:

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The employees

The relatives

The demand of customers

None of these

Typewriter was invented in:

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1870

1873

1973

None of these

The maximum capital of the company stated in its memorendum:

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Paid up capital

Subscribed capital

Authorized capital

All are correct

The first part of a business letter is:

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Reference no.

Heading

Subject line

None of these

The time recording machine is used in

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Industrial concerns

Colleges

Hospitals

All are correct

What is written in business letter after complimentary close

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Signature

Salutation

Subject

Name of addressee

The time period of short time finance is:

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Two years

More than one year

One and half year

One or less than one year

Due to export trade:

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Increase in employment opportunities

Increase in foreign exchange

Relations with other countries establish

All of the above

The basic objective of business is:

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Exchange

Earning Profit

Service to the society

Earning foreign exchange for the govt.

The producer puts the burden of advertisement expense on

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Himself

Consumers

Wholesaler and retailer

Both a and b

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

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