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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The businessman is:
Choose an answer
A trader
A producer
A distributor
A trader, producer and distributor
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Question # 2
The person who makes arrangements for the departure of goods
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Forwarding agent
Clearing agent
Commission agent
Underwriter
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Question # 3
The cheapest source of foreign transportation for goods is:
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Railway
Ship
Wagon
Airplane
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Question # 4
Because of international trade, the less developed countries make progress:
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Economically
Politically
Stately/republically
None of the above
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Question # 5
How many characteristics of home trade in our book
Choose an answer
10
11
12
13
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Question # 6
If any business organization is considered as a body, then office is its:
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Capital
Heart
Brain
None of these
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Question # 7
Success of a business office depends on:
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Bribery
Workers
Machines
None of these
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Question # 8
The principal of contribution is ot applicable in:
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Life insurance
Marineinsurance
Valued policy
Fireinsurance
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Question # 9
Which business organization can be dissolved through a legal procedure:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 10
Different products are sent to final consumers through:
Choose an answer
Manufacturer
Trader
Means of transportation
Both (a) and (b)
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Question # 11
The audit of a public limited company is
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Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 12
Human activities consist of following activities:
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Un-commended
Commanded
Commanded and un-commanded
None of the above
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Question # 13
Due to warehousing facility
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Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 14
Two types of industry
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Constructive, genetics
Extractive, genetics
Primary, secondary
Constructive, manufacturing
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Question # 15
The advertisement
Choose an answer
Increases money
Saves money
Is wastage of money
Decreases money
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Question # 16
The expenses of small retailers are
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Less
Normal
More
None
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