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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
Maximum number of members in a co-operative society
Choose an answer
Ten
Twenty
Fifty
None of these
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Question # 3
Kinds of horizontal filing:
Choose an answer
Arch and geographical
Wireand geographical
Arch and wire
Geographical and vertical
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Question # 4
In Modaraba, the person who invests capital is called:
Choose an answer
Modarib
Rab-ul-Mal
Investor
Businessman
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Question # 5
What are the advantages of mean of transportation
Choose an answer
Industrial development
Stability in price
Expansion of market
All the above
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Question # 6
An agent who cannot get the possession of goods from principal is:
Choose an answer
Factor
Commission agent
Broker
None of these
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Question # 7
The memorandum of company is prepared by:
Choose an answer
Specialist
Promoters
Experts
All the above
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Question # 8
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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Question # 9
What are the possibilities to wind up a company:
Choose an answer
Voluntary winding up
Voluntary winding up under the supervision of court
Violent winding up by the court
All of them
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Question # 10
After the formation of a company, the first meeting of shareholder is called:
Choose an answer
Statutory meeting
Annual general meeting
Extra ordinary meeting
None of these
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Question # 11
For how much time the directors are selected in a public ltd. company
Choose an answer
2 years
3 years
7 years
10 years
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Question # 12
An agent who can receive the payment from buyer
Choose an answer
Clearing agent
Export agent
Factor
Underwriter
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Question # 13
The sum of marine insurance is not paid
Choose an answer
If the ship changes direction
If the ship is not capable of the voyage
Trade is unnecessary
All these three
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Question # 14
Kinds of home trade
Choose an answer
Import & export trade
Wholesaling & import trade
Retail and wholesale trade
All of the above
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Question # 15
Creates link between the manufacturer and consumer:
Choose an answer
Retailers
Wholesalers
Agents
Middlemen
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Question # 16
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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