Question # 1

Kinds of filing are

Choose an answer

Two

Three

Four

Five

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

Choose an answer

Whole life insurance

Double insurance

Compensatory insurance

None of these

Active partner in a partnership business:

Choose an answer

Invests but doesn'ttake part in the business

Neither invests nortakes part in the business

Invests andtakes part in the business

None of the above

The owners of a company are:

Choose an answer

The employees of company

The debentureholders

The shareholders

The creditors

Which is the modern and developed means of transportation of goods and passengers

Choose an answer

Water

Air

Land

All the above

Commerce means the activities which help in:

Choose an answer

Buying and selling of goods

Transportation of goods

Transferring goods from factory to consumers

None of the above

The maximum number of person in a public limited company:

Choose an answer

Thirty five

Fifty

Unlimited

Twenty

In Modaraba, the person who invests capital is called

Choose an answer

Modarib

Rab-ul-Mal

Investor

Business man

Why is public not inclined towards insurance in Pakistan ?

Choose an answer

Due to ignorance

Due to poverty

Due to economic backwardness

All three

The shares of co-operative society:

Choose an answer

Can be sold market

Cannot be solid in market

Can be used as security

All are correct

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

Choose an answer

Completeness

Courtesy

Simplicity

Correctness

The minimum number of directors in a multi-members private ltd. company

Choose an answer

Five

Seven

Two

Not fixed

Who provides capital in sole proprietorship:

Choose an answer

Sole owner

Bank

Workers

Relatives

A document having the detail of sold goods is

Choose an answer

Invoice

Payment receipt

Debit note

Inquiry letter

A shopkeeper who buys goods in a less quantity and sells it to consumer is called

Choose an answer

Wholesaler

Retailer

Producer

Agent

What type of security does life insurance offer

Choose an answer

Individual

Collective

Both a and b

None of a and b

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer