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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Partnership deed can be:
Choose an answer
Written
Oral
Written & Registered
All are correct
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Question # 2
What is prepared by the exporter on the settlements of matters:
Choose an answer
Invoice
Consular invoice
Certificate of origin
All of these
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Question # 3
Types of members of chamber of commerce and industry are
Choose an answer
Four
Five
Three
Two
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Question # 4
The membership of chamber is given to:
Choose an answer
Large industrial and commercial associations
Mediumindustrial and commercial associations
Smallindustrial and commercial associations
All the above
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Question # 5
Exact copy of letter or document can be taken from:
Choose an answer
Photo state machine
Automatic typemachine
Electric typemachine
Type writer
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Question # 6
Which ship travels on regular route and follows its time schedule strictly
Choose an answer
Tramp
Liner
Tanker
None of these
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Question # 7
What does happen after the exchange of goods:
Choose an answer
Development of cordial relations between the countries
More chances of fight or war
Economic crises arise
Scarcity of goods
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Question # 8
Middlemen means those persons who:
Choose an answer
Buy goods from the retailer
Buy goods from the wholesaler
Help in transferring goods from producer to consumer
Buy items from manufacturer
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Question # 9
Trade means:
Choose an answer
Wholesaling
Retailing
Import and Export
All the three
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Question # 10
What is excluded from a co-operative society
Choose an answer
Consumer
Retailer
Wholesaler
Capitalist
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Question # 11
In Pakistan, a co-operative society is established under the following act
Choose an answer
1920
1925
1930
1935
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Question # 12
The government issued Modaraba ordinance in:
Choose an answer
January 1980
January 1981
January 1979
January 1984
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Question # 13
In the absence of agreement, a partner receives for taking part in business:
Choose an answer
Remuneration
No remuneration
More Profit
Interest
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Question # 14
A sole proprietor forms his business after:
Choose an answer
The government's acceptance
Fulfilling the legal requirements
His own will
The permission of relative
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Question # 15
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 # 16
The number of important and unimportant parts of a business letter can be:
Choose an answer
Ten
Fourteen
Seven
None of these
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