Question # 1

Due to advertisement, quality products are available at:

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Reasonable price

Low price

High price

None of the above

An agent who cannot get the possession of goods from principal is:

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Factor

Commission agent

Broker

None of these

When did the partnership business come into being

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1872

1880

1892

1902

The literal meaning of trade is

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Exchange

Buying and selling

Removal of human obstacles

Business

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

After the formation of a company, what is the first meeting of shareholders is called

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Statutory meeting

Annual general meeting

Extra ordinary meeting

None of these

Not suitable for huge size and heavy goods:

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Air transport

Railwaytransport

Roadtransport

Watertransport

A government company can be registered as:

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Private company

Public company

No need of registration

First two are correct

How many function of warehouse

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9

10

11

12

The minimum number of members in a co-operative society:

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Two

Five

Twenty

Thirty

If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called

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Bill of sight

Bill of lading

Bill of entry

Bill of order

Exact copy of letter or document can be taken from:

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Photo state machine

Automatic typemachine

Electric typemachine

Type writer

Why does issue the certificate of origin for exporting goods

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Chamber members

Town association

Chamber of commerce and industry

Associate members

The wholesaler creates a link between

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Retailer and consumer

Retailer and manufacturer

Consumer and manufacturer

All the above

Not in home trade

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Tax saving

Foreign currency

Stability in price

Decrease in expenditures

Modaraba is established for a

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Limited period

Unlimited period

Both a and b

None of the above

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

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