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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A retailer has direct contact with:
Choose an answer
Consumers
Wholesaler
Both (a) and (b)
Manufacturer
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Question # 2
Which factor plays an important role in improving the standard of living of the people and economic development
Choose an answer
Trade
Industry
Commerce
All the above
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Question # 3
An extra message is added at the end of letter called
Choose an answer
T.C
P.S
T.S
C.C
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Question # 4
The wholesaler sells his goods to
Choose an answer
Consumer
Retailer
Manufacturer
All the above
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Question # 5
In horizontal filing, files are kept
Choose an answer
In flat or horizontal position
In vertical position
Fixed with ribbon on cardboard
None of these
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Question # 6
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 # 7
The person to whom the letters is writen is.
Choose an answer
Addresses
Attention line
Truly
None of these
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Question # 8
The number of parts in a business letter
Choose an answer
Seven
Five
Three
None of these
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Question # 9
The quantity of goods in the godown of wholesaler is
Choose an answer
Reasonable
More
Less
None
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Question # 10
The members of chamber of commerce and industry can be:
Choose an answer
Local persons
Foreign persons
Both
None of these
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Question # 11
At least how many partners should have a limited liability in a limited partnership
Choose an answer
One
Two
Three
Four
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Question # 12
The participants in sole tradership are/is
Choose an answer
One
Two
Three
Five
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Question # 13
The time recording machine is used in
Choose an answer
Industrial concerns
Colleges
Hospitals
All are correct
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Question # 14
When goods are received in home country after purchasing them from other countries is called
Choose an answer
Import trade
Export trade
Both a and b
None of these
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Question # 15
The objective of a statutory meeting is
Choose an answer
To raise funds
To settle preference
To gain the confidence of company's shareholders
To sell the shares
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Question # 16
The members of chamber of commerce and industry can be
Choose an answer
Local persons
Foreign persons
Both
None of these
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