Question # 1

What are the possibilities to wind up a company:

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Voluntary winding up

Voluntary winding up under the supervision of court

Violent winding up by the court

All of them

One to advertisement, the sale of goods

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Decreases

Increases

Remains same

Both a and b are possible

If a person gets his property insured from ti different company's then it is called

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Whole life insurance

Double insurance

Compensatory insurance

None of these

An official letter should be complete in all aspects, so that the facts and figures can be understood without the help of old references is called

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Completeness

Courtesy

Simplicity

Correctness

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

The debentures holders of the company are its:

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Workers

Managers

Directors

Creditors

A departmental store is the developed form of:

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Retailers

Wholesalers

Industrialists

Co-operative society

Which business organization can be dissolved through a legal procedure

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Sole tradership

Partnership

Joint stock company

None of these

The wholesaler informs the public about his products through

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Letters

Telephone

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Government

Private

Bonded

None of these

The number of parts in a business letter:

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Seven

Five

Three

None of these

An agent means a person who

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Produces goods himself

The cheapest source of foreign transportation for goods is:

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Railway

Ship

Wagon

Airplane

Income from business is called

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Profit

Interest

Satisfaction

Utility

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 language of official letter is generally

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Typical

Definite

Both

Courteous

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

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