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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The receipt of public and bonded warehouses is used as
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Security
Business
Liability
None of these
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Question # 2
According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:
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One installment
Two installment
Three installment
Fourinstallment
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Question # 3
Due to progress in home trade, the following problem is solved
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Water
Unemployment
Illiteracy
All of the above
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Question # 4
If a co-operative society is working in more than one province, then it is registered under the Act of:
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1925
1932
1913
1942
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Question # 5
Advertisement develops in consumers
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Temporary demand
Artificial demand
The demand of basic needs
No demand
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Question # 6
A unit where relevant records for the purpose of central planning and efficient management of the organization are prepared, handled and preserves are called
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Office
Chamber
Both a and b
None of these
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Question # 7
Partnership business as compared to sole tradership
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More flexible
Less flexible
Not flexible
May be in all forms
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Question # 8
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
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Question # 9
One to advertisement, the sale of goods
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Decreases
Increases
Remains same
Both a and b are possible
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Question # 10
Office means a place where:
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Organization's records / papers are kept
Workers take rest
Visitors wait
Clerical work is done besides keeping records
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Question # 11
Exact copy of letter or document can be taken from:
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Photo state machine
Automatic typemachine
Electric typemachine
Type writer
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Question # 12
The remuneration of an agent is called
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Wages
Profit
Salary
Commission
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Question # 13
If the court declares the bankruptcy of any partner in partnership firm
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The partnership continues
The partnership becomes weak
The partnership becomes cancels
A new partner is admitted
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Question # 14
If a person gets his property insured from to different company's then it is called:
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Whole life insurance
Double insurance
Compensatory insurance
None of these
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Question # 15
Which factor plays an important role in improving the standard of living of the people and economic development:
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Trade
Industry
Commerce
All the above
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Question # 16
The agent appointed for the sale of goods:
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Broker
Auctioneer
Factor
Underwritter
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