Question # 1

Who provides the capital for co-operative society

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Government

Members

Banks

None of these

The debentures holders of the company are its:

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Workers

Managers

Directors

Creditors

Short term financing helps in meeting the:

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Seasonal requirements of business

Emergency expenses

Both (a) and (b)

None of these

The price of the share of society is

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Equal to the face price

Above the face price

Less than the face price

All the above

The minimum number of persons in a multi-members private company

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Seven

Four

Two

Three

If the price of goods includes the expense till custom duty, it is called:

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Duty paid

Custom paid

Inbond

None of these

The company that insures is called:

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Insured

Acceptor

Proposer / Insurer

Business company

What is necessary for the formation of chamber of commerce and industry:

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Constitution of chamber of commerce and industry

Rules and regulations of chamber of commerce and industry

Both (a) and (b)

None of these

The method of fulfilling a claim is stated in:

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Letter of enquiry

Order letter

Complaint letter

None of these

The small retailers work:

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At one place

In streets

One medium scale

On large scale

Warehousing for government is the source of

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Income

Problem/tension

Debt

None of these

The departmental store are generally found:

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Outside the city

In important centers of the city

In center of the city

In all areas

In Modaraba, the person who invests capital is called:

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Modarib

Rab-ul-Mal

Investor

Businessman

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

Choose the characteristics of warehouse

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Proper space

Proper location

Transport facility

All the above

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

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

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