Question # 1

Commerce is related to

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Distribution of goods

Sale of goods

Purchase of goods

All the above

In a large business, a separate department is responsible for advertising the products. are called

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Purchase department

Sales department

Advertising department

Administrative department

A wholesaler buys the goods in

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Reasonable quantity

Abundant quantity

Less quantity

Does not buy or sell

If a co-operative society is working in more than one province, then it is registered under act of

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1925

1932

1913

1942

The best form of a partnership deed is:

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Verbal

Written

Written and registered

None of the above

Industry includes those activities which are related to

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

The rate of interest in long tern finance to:

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Less

None

More

All the above

Whose role is important in trade

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Trader

Producer

Consumer

All the three

People who run the management of a joint stock company are

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Shareholders

Creditors

Directors

Debentureholders

The addressee of official letters is:

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Government institutions

Associated institutions

Private institutions

All of these

To collective profit of wholesaler is

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Less

More

Reasonable

None of the above

Filing means:

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Systematic preservations of records

Non-systematic preservations of records

End of business documents

To run business in profitable way

The objective of non-economic activities is to:

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Serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

An agentt means a person who:

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Producers goods himself

Because of international trade, the less developed countries make progress

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Economically

Politically

Stately/republically

None of the above

If the trader does not want to get the goods himself, he issues to the officials:

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Bill of entry

Bill of sight

Delivery order

Bill of lading

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

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