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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
On the death of the insured, sum is paid to
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Friends
Dependents
Relatives
Insurer
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Question # 2
A document having the detail of solid goods is:
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Invoice
Payment receipt
Debit note
Inquiry letter
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Question # 3
Musharika is based on islamic:
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Concept of interest
Concept of non-interest
Both include
None of both
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Question # 4
What are the advantages of mean of transportation
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Industrial development
Stability in price
Expansion of market
All the above
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Question # 5
The writing style of official letters is typical and definite. Moreover, the language of body in letter is always formal is called
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Typical style
Conciseness
Correctness
Simplicity
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Question # 6
A document having the detail of sold goods is
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Invoice
Payment receipt
Debit note
Inquiry letter
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Question # 7
A retailer generally buys goods from the:
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Government
Wholesaler
Industrialist
All the above
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Question # 8
All the section of a departmental store can be found in
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Four buildings
Two buildings
One buildings
Many buildings
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Question # 9
Human activities consist of following activities
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Un-commanded
Commanded
Commanded and un-commanded
None of the above
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Question # 10
This department is responsible for purchasing goods and other items are called
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Purchase department
Sales department
Advertising department
Correspondence department
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Question # 11
Mobile retailer is an ancient kind of:
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Wholesaling
Retailing
Agency
All of the above
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Question # 12
Warehousing for government is the source of
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Income
Problem/tension
Debt
None of these
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Question # 13
Registration of the partnership business:
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Is necessary
Depends on the will of partners
Depends on the will of registrar
None of these
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Question # 14
On which type of shares a company gives the profit on preferential basis
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Ordinary shares
Preference shares
Elementary shares
On all the three
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Question # 15
Business finance can be divided into following parts according to term
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Four
Two
Three
Six
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Question # 16
Typewriter is included in:
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Copying machines
Calculatingmachines
Communicationmachines
None of these
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