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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The minimum number of partners in banking business are
Choose an answer
Ten
Twenty
Thirty
Fifty
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Question # 2
Sole proprietorship is:
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Non-flexible
Flexible
Durable
None of these
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Question # 3
Number of chambers of commerce and industry in the sub-continent before independence:
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55
60
65
56
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Question # 4
The important source of sending a voice message is:
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Television
Radio
Video cassette
None of these
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Question # 5
Which documents are prepared by the exporter after the settlement of affairs are
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Invoice
Consular invoice
Certificate of origin
All of them
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Question # 6
Due to office machines
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Saving of time and lobour
Convenience in work
Increase in efficiency
All of these
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Question # 7
Due to advertisement, the sale of goods:
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Decreases
Increases
Remains same
Both (a) and (b) are possible
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Question # 8
An official letter should always be in a form of
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Paragraphs
Sentences
Words
None of these
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Question # 9
Due to advertisement, the unemployment:
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Lessens
Increases
Remains un-effected
Ends or disapperas
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Question # 10
The rate of interest in long tern finance to:
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Less
None
More
All the above
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Question # 11
By storing some items in the warehouses for a long period of time:
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Price increases
Price decreases
Price remains stable
Items perishes
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Question # 12
What type of security does life insurance offer ?
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Individual
Collective
Both (a) & (b)
None of (a) & (b)
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Question # 13
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 # 14
The first chamber of commerce in Britain was established in:
Choose an answer
1773
1768
1789
1772
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Question # 15
The minimum number of partners in a partnership are:
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Two
Four
Six
Ten
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Question # 16
Through correspondence, business.
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Expands
Contracts
Has negative effects
None of these
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