Question # 1

The sum of marine insurance is not paid

Choose an answer

If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

The participants in sole tradership is/are:

Choose an answer

One

Two

Three

Five

Wholesalers buy and resell merchandize to retailers and other merchants and to industrial, institutional and commercial users, and do not sell in significant amount to ultimate consumers are called

Choose an answer

Wholesale trade

Retail trade

Proper wholesale

None of the above

The persons who sell their purchased goods are called:

Choose an answer

Merchant middleman

Middlemanagents

Both (a) and (b)

Factor

Success of a business office depends on

Choose an answer

Bribery

Workers

Machines

None of these

Who provides capital in sole proprietorship:

Choose an answer

Sole owner

Bank

Workers

Relatives

Limited partnership is formed under Limited Partnership Act:

Choose an answer

1997

2007

2010

2017

The objective of life insurance is to

Choose an answer

Make investment

Lessen the financial burden

Get security for loan

All the above

Why is public not inclined towards insurance in Pakistan ?

Choose an answer

Due to ignorance

Due to poverty

Due to economic backwardness

All three

Choose the full form of F.A.S

Choose an answer

Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

The liability of a partner in partnership is normally

Choose an answer

Limited

Unlimited

Not at all

All the above

In demi-official letter, an addressee is addressed by his:

Choose an answer

Post

Name

Surname

All are correct

The following is used for posting through posting machine:

Choose an answer

Debit card

Credit card

Larger card

None of these

Who does transfer the goods from manufacturer to consumer:

Choose an answer

Retailer

Wholesaler

MIddleman

None of these

Due to machines, office work due becomes:

Choose an answer

Easy

Difficult

Remains the same

None of these

The most important document of a company is

Choose an answer

The memorandum

The articles

The prospectus

The accounts of company

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer