Question # 1

Amount spent on advertisement is

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Heavy

Less

Reasonable

Nil

Modarba company is formed under

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Modarba companies ordinance 1980

Modarba companies ordinance 1984

Modarba companies ordinance 1960

Modarba companies ordinance 1970

What is prepared after sending the goods:

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Bill of lading

Invoice

Receipt of mate

All of these

The government issued Modaraba ordinance in:

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January 1980

January 1981

January 1979

January 1984

Commerce is the component of

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Industry

Trade

Business

Government service

The shares of a joint stock company are:

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Transferable

Not for common person

Of high value

All are correct

By storing some items in the warehouses for a long period of time:

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Price increases

Price decreases

Price remains stable

Items perishes

An ordinary resolution is passed for:

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Winding up of company

Section of statutory company

Not announcing the dividend

All of them

Income from business is called:

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Profit

Interest

Satisfaction

Utility

The first payment after dissolution of partnership is made to:

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Partners

Partners for their debts

External creditors

None of these

The first chamber of commerce in Britain was established in

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1773

1768

1789

1772

Trade means

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Wholesaling

Retailing

Import and export

All the three

A Statutory meeting is called after getting the certificate of commencement:

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After 3 Months

After 6 Months

After 3 months and before 6 months

Within a year

The producer puts the burden of advertisement expense on

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Himself

Consumers

Wholesaler and retailer

Both a and b

The principal of contribution is ot applicable in:

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Life insurance

Marineinsurance

Valued policy

Fireinsurance

The reference number is written after writing the heading in the letter

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On left side

On right side

In the end

None of these

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

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