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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
What is written in business letter after complimentary close:
Choose an answer
Signature
Saluation
Subject
Name of addressee
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Question # 2
Who does transfer the goods from manufacturer to consumer
Choose an answer
Retailer
Wholesaler
Middleman
None of these
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Question # 3
The powers of directors and promoters are discussed in:
Choose an answer
MOA
AOA
Prospectus
All of these
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Question # 4
A non-active partner in a partnership:
Choose an answer
Neither invests nor takes part in the business
Doesn't invest buttakes part in the business
Invests but doesn'ttake part in the business
None of the above
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Question # 5
A consumer has a direct link with:
Choose an answer
Retailer
Wholesaler
Industrialist
Agent
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Question # 6
The letter of credit is opened on the request of
Choose an answer
Importer
Exporter
Government
None of these
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Question # 7
Helps or facilitates to trade
Choose an answer
Business organizations
Retailers
Trade auxiliaries
National organizations
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Question # 8
Holding company is a company which has:
Choose an answer
No shares of other company
Less than 50% shares of other company
More than 50% shares of other company
50% shares of other company
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Question # 9
A retailer buys good from following market:
Choose an answer
National / home
Local
International
All of the above
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Question # 10
The time period of rural insurance policy is
Choose an answer
15 - 20 years
10 - 15 years
20 - 25 years
More than 25 years
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Question # 11
Because of foreign trade, the demand for national/ home products
Choose an answer
Reduces
Increases
Remains normal
Both a and b
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Question # 12
How many types of foreign trade
Choose an answer
3
4
5
6
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Question # 13
Choose the members of chamber
Choose an answer
Chamber members
Associate members
Group members
All of the above
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Question # 14
The machine of opening letters in business centers is called
Choose an answer
Mail opener
Folding machine
Punching machine
All are correct
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Question # 15
The shareholders should be informed about the statutory meeting least:
Choose an answer
14 days before
21 days before
7 days before
None of these
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Question # 16
Because of import trade, the demand for national / home products:
Choose an answer
Reduces
Increases
Remains normal
Both (a) and (b)
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