Question # 1

Types of warehouses are:

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Six

Seven

Three

Two

In home trade, the traders are related from

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One city

Two different cities of one country

Two different provinces of one country

All of the above

Commerce is related to:

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Secondary industry can be divided into two parts/types:

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Constructive, extractive

Constructive, manufacturing

Extractive, genetics

Constructive, genetics

If any business organization is considered as a body, then office is its:

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Capital

Heart

Brain

None of these

A unit where relevant records for the purpose of central planning and efficient management of the organization are prepared, handled and preserves are called

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Office

Chamber

Both a and b

None 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

If the trader does not want to get the goods himself, he issues to the officials:

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Bill of entry

Bill of sight

Delivery order

Bill of lading

What are the advantages of mean of transportation

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Industrial development

Stability in price

Expansion of market

All the above

We can transfer more goods through which means of transport

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Railway

Truck

Air plane

Wagon

The govt. has monopoly in

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Railway transport

Air transport

Road transport

Water transport

The wholesaler gives order to manufacturer:

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In advance

On spot

According to need

None of the above

An official letter is a cheap means of communication as compared to other means due to its less cost

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Cheap means

Settlement of disputes

Written proof

None of these

Amount spent on advertisement is

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Heavy

Less

Reasonable

Nil

Due to warehousing facility

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Demand increases

There is control on supply

Supply increases

There is control on demand

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

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

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