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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Different products are sent to final consumers through
Choose an answer
Manufacturer
Trader
Means of transportation
Both a and b
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Question # 2
Who does issue the certificate of origin for exporting goods:
Choose an answer
Chamber members
Town association
Chamber of commerce and industry
Association members
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Question # 3
Whose role is important in trade:
Choose an answer
Trade
Producer
Consumer
All the three
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Question # 4
Due to means of transportation, the production of goods is possible on
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Large scale
Small scale
Middle scale
None of these
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Question # 5
Due to progress in home trade, the following problem is solved:
Choose an answer
Water
Unemployment
Illitracy
All of the above
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Question # 6
Who cannot be a member of co-operative socity:
Choose an answer
Govt. Servant
Illietrate person
Minor person
None of these
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Question # 7
Selling the goods in large quantity on low profit results in
Choose an answer
More profit
Less profit
Reasonable profit
No profit
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Question # 8
Due to advertisement
Choose an answer
Number of customer increases
Number of customer reduces
Number of customer remains the same
The old customers leave
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Question # 9
Before selling, fruits are kept in
Choose an answer
Home
Factory
Godown
Office
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Question # 10
To increase business, small packets of goods are and distributed among the people at:
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Less price
Free of cost
Original price
More profit
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Question # 11
A non-active partner in a partnership:
Choose an answer
Neither invests nor takes part in the business
Doesn't invest buttakes part in the business
Invests but doesn'ttake part in the business
None of the above
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Question # 12
An office worker should have to his credit:
Choose an answer
Personal qualities
Physical qualities
Educational qualities
All of these
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Question # 13
Warehousing for government is the source of:
Choose an answer
Income
Problem / tension
Debt
None of these
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Question # 14
Insurance is an agreement in which the insurer:
Choose an answer
Gives profit
Give interest
Compensates loss
All the above
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Question # 15
In demi-official letter, an addressee is addressed by his:
Choose an answer
Post
Name
Surname
All are correct
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Question # 16
While selling the goods, anagent is:
Choose an answer
Bound to follow principal's instructions
Not bound to follow principal's instructions
Master of his own will
None of these
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