Question # 1

Which is the safest and effective means of transportation:

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Land

Water

Air

All the above

If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called:

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Bill of sight

Bill of lading

Bill of entry

Bill of order

Sole proprietor's is generally carried on:

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Small scale

Medium scale

Large scale

All the above

Choose the full form of F.A.S

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Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

An agent who is responsible for the receipt of money besides selling goods

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Broker agent

Delcredere agent

Commission agent

Special agent

The real or actual proprietor or owner of goods is:

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Export agent

Warehouse keeper

Clearing agent

Broker

Which company can issue the shares to public

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Chartered company

Public ltd. company

Private company

All the above

The bill of trading reveals the:

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Legal ownership of goods

Price of goods

Government ownership of goods

None of the above

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

Maximum number of members in a co-operative society

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Ten

Twenty

Fifty

None of these

Commerce means the activities which help in

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Buying and selling of goods

Transportation of goods

Transferring goods from factory to consumers

None of the above

If the copy of letter is to be sent to another person then the written word is called

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C.C

P.C

T.C

P.G

The indent in which the complete detail of goods is written called

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Close indent

Open indent

Complete indent

None of these

In order to wind up the sole tradership:

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The acceptance of the government is sought

No legal process is required

The meeting of administration is required

The will of the friends is required

The addressee of official letter is

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Government institutions

Associated institutions

Private institutions

All of these

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

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

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