Question # 1

The objective of a statutory meeting is:

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To raise funds

To settle preferences

To win the confidence of company's shareholders

To sell the shares

For how much time the directors are selected in public ltd. company:

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2 years

3 years

7 years

10 years

The debentures holders of the company are its:

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Workers

Managers

Directors

Creditors

The small retailers sell their goods

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On credit

On cash

On cash to rich and no credit to poor

All of the above

Due to warehousing facility

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Demand increases

There is control on supply

Supply increases

There is control on demand

Holding company is a company which has

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No shares of other company

Less than 50% shares of other company

More than 50% shares of other company

50% shares of other company

There is an increase in following production because of home trade:

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Foreign

National

Regional

Domestic

Advertisement means

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Production of goods

Sale of goods

Introduction of new goods

Spoilage of goods

Paid premium is refundable in case of:

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Life insurance

Fire insurance

Valued policy

Marine insurance

The receipt of public and bonded warehouses is used as:

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Security

Business

Liability

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

In Pakistan, a co-operative society is established under the following act

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1920

1925

1930

1935

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

The best form of a partnership deed is:

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Verbal

Written

Written and registered

None of the above

On which type of shares a company gives the profit on preferential basis:

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Ordinary shares

Preference shares

Elementary shares

On all the three

A retailer buys and sells goods in

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Reasonable quantity

Abundant quantity

Less quantity

All the above

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

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