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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The word "Private" is not used by
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 2
An official letter shold be
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Concise
Suitable
Long
None of these
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Question # 3
The word index is derived from which language:
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Greek
Latin
French
Japanese
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Question # 4
Not included in office worker's personal qualities
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Hard working
Honest
Good personality
Courteous
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Question # 5
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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Question # 6
The govt. has monopoly in
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Railway transport
Air transport
Road transport
Water transport
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Question # 7
The minimum number of partnership in a partnership are
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Two
Four
Six
Ten
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Question # 8
Private warehouses are owned by:
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Business units
Private individuals
Corporation units
None of these
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Question # 9
The audit of a public limited company is:
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Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 10
Number of chambers of commerce and industry in the sub-continent before independence:
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55
60
65
56
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Question # 11
Co-operative society started in
Choose an answer
1840
1844
1845
1850
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Question # 12
Modaraba is established for a:
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Limited period
Unlimited period
Both (a) and (b)
None of the above
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Question # 13
Due to advertisement, quality products are avail able at
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Reasonable price
Low price
High price
None of the above
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Question # 14
A person involved in different economic activities for the purpose of earning profit is called
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Business man
Trader
Industrialist
Professional
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Question # 15
The first chamber of commerce was established in America in
Choose an answer
1768
1773
1930
1980
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Question # 16
Trade is the component of
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Commerce
Industry
Agriculture
None of these
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