Question # 1

Which company can issue the shares to public:

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Chartered company

Public ltd. company

Private company

All the above

Who does issue the certificate of origin for exporting goods:

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Chamber members

Town association

Chamber of commerce and industry

Association members

The principal of contribution is ot applicable in:

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Life insurance

Marineinsurance

Valued policy

Fireinsurance

Through correspondence, business.

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Expands

Contracts

Has negative effects

None of these

Due to advertisement, the sale of goods:

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Decreases

Increases

Remains same

Both (a) and (b) are possible

Types of accidental in insurance are

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Four

Two

Three

One

The machine of opening letters in business centers is called:

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Mail opener

Foldingmachine

Punchingmachine

All are correct

Imports and exports are the kinds of:

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Home trade

Foreign trade

Provincial trade

None of these

Who provides the capital for co-operative society

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Government

Members

Banks

None of these

Choose the members of chamber

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Chamber members

Associate members

Group members

All of the above

The details of the allotted shares is mentioned in:

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Statutory report

Annual meeting report

Special meeting report

All of them

Due to foreign trade, the less developed countries

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Becomes international slaves

Do not progress

Do not live along

None of these

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

The advertisement:

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Increases money

Saves money

Is wastage of money

Decreases money

Advertisement develops in consumers:

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Temporary demand

Artificial demand

The demand of basic needs

No demand

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

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