Question # 1

The first chamber of commerce in Britain was established in:

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1773

1768

1789

1772

Due to office machines:

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Saving of time and labour

Convenience in work

Increase in efficiency

All of these

Because of an organized office, business

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Expands/widens

Contracts

remains unchanged

None of these

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

What is written in business letter after complimentary close:

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Signature

Saluation

Subject

Name of addressee

A person who sells goods of merchant to another person is called

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Retailer

Middleman

Agent

Wholesaler

According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:

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One installment

Two installment

Three installment

Fourinstallment

Due to export trade

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Increase in employment opportunities

Increase in foreign exchange

Relations with other countries establish

All of the above

Home trade does not include

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Producers

Wholesaler

Retailer

Importers

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

Choose the full form of F.A.S

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Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

If the copy of letter is to be sent to another person then the written word is called:

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C.C

P.C

T.C

P.G

The word index is derived from which language

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Greek

Latin

French

Japnese

Private warehouses are owned by

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Business units

private individuals

Corporation units

None of these

Which organization can be listed at stock exchange:

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Partnership

Joint Sock Company

Sole proprietorship

All the above

Which company requires a certificate of commencement:

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Public Company

Private Company

Chartered Company

All the above

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

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