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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Before selling, fruits are kept in
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Home
Factory
Godown
Office
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Question # 2
The remuneration of an agent is called
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Wages
Profit
Salary
Commission
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Question # 3
Who does transfer the goods from manufacturer to consumer:
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Retailer
Wholesaler
MIddleman
None of these
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Question # 4
Imports and exports are the kinds of:
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Home trade
Foreign trade
Provincial trade
None of these
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Question # 5
The sole tradership is a business organization of
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Modern times
Old times
A combination of (a) and (b)
All the above
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Question # 6
One 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 # 7
In order to wind up the sole tradership:
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The acceptance of the government is sought
No legal process is required
The meeting of administration is required
The will of the friends is required
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Question # 8
The memorandum and articles of company are:
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Two names of the same document
Two different documents
They are not documents
Both have the same objective
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Question # 9
The time period of short time finance is
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Two years
More than one year
One and half year
One or less than one year
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Question # 10
What is prepared after sending the goods
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Bill of lading
Invoice
Receipt of mate
All of these
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Question # 11
What are the capital sources of co-operative society:
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Fee of members
By selling shares to members
Both (a) and (b)
National and international institutions
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Question # 12
Name the of kinds of filing
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Central and horizontal filing
Central and departmental filing
Horizontal and vertical filing
Central and vertical filing
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Question # 13
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
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Question # 14
Middlemen means those persons who:
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Buy goods from the retailer
Buy goods from the wholesaler
Help in transferring goods from producer to consumer
Buy items from manufacturer
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Question # 15
Not important for sole proprietorship:
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Capital
Interest of owner
Audit
Workers
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Question # 16
How many problem in home trade
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7
8
9
10
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