Question # 1

The method of fulfilling a claim is stated in:

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Letter of enquiry

Order letter

Complaint letter

None of these

Factor are the

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Customers of business

Servants of business

Debtors of business

Person who take responsibility of receiving money from debtors

The chamber of commerce and industry is formed for:

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Commerce

Trade

Industrial activities

All the above

The capital needed for a departmental store is:

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Less

More

Mechanical

None of the above

Because of import trade, the demand for national / home products:

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Reduces

Increases

Remains normal

Both (a) and (b)

A consumer has a direct link with

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Retailer

Wholesaler

Industrialist

Agent

The collective profit of wholesaler is:

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Less

More

Reasonable

None of the above

Name the of kinds of filing

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Central and horizontal filing

Central and departmental filing

Horizontal and vertical filing

Central and vertical filing

The persons who sell their purchased goods are called:

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Merchant middleman

Middlemanagents

Both (a) and (b)

Factor

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

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Water

Air

Land

All the above

Wholesalers buy and resell merchandize to retailers and other merchants and to industrial, institutional and commercial users, and do not sell in significant amount to ultimate consumers are called

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Wholesale trade

Retail trade

Proper wholesale

None of the above

What are the advantages of mean of transportation

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Industrial development

Stability in price

Expansion of market

All the above

A charter party is:

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

Insurance is an agreement in which the insurer

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Gives profit

Gives interest

Compensates loss

All the above

In Modaraba

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Two persons invent money

Both persons invest money and labour

One person invests money and the other invests labour and experience

All of the above

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

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