Question # 1

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

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Five

Seven

Two

Not fixed

Not included in communication machines

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Telephone

Dictation machine

Tele-printer

Folding machine

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

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

How many qualities in a good filling system

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13

14

15

16

Services of wholesaler many be classified in the following ______ groups

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Three

Four

Five

Six

The international trade is entirely dependent to:

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Agricultural development

Industrialdevelopment

Means of transportation

Warehousing

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

Because of home trade, the goods are traded in:

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Half of the country

Whole country

One province

Foreign country

The owner of a company are

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The employees of company

The debentureholders

The shareholders

The creditors

Business finance can be divided into following parts according to term:

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Four

Two

Three

Six

Co-operative society started in:

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1840

1844

1845

1850

Number of local chambers of commerce and industry in Pakistan after establshment:

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2

5

7

12

The number of important and unimportant parts of a business letter can be:

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Ten

Fourteen

Seven

None of these

A company established by the order of parliament of president is called:

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Government company

Chartered company

Statutory company

None of these

If the goods and services are sold to the trader pf another country then it is called

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Import trade

Export trade

Foreign trade

None of these

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

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