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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
How many step in procedure of export trade
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21
22
23
24
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Question # 2
Maximum number of shareholders in a multi-members private company:
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Ten
Fifty
No limited
Twenty
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Question # 3
In case of emergency, foreign trade makes the supply of goods
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Easy
Difficult
Unimportant
Important
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Question # 4
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
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Question # 5
In Pakistan, life insurance business was nationalized in
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1970
1972
1973
1978
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Question # 6
The price of the share of society is
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Equal to the face price
Above the face price
Less than the face price
All the above
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Question # 7
At least how many partners should have a limited liability in a limited partnership:
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One
Two
Three
All
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Question # 8
The cheapest source of foreign transportation for goods is:
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Railway
Ship
Wagon
Airplane
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Question # 9
An agent means a person who
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Buys goods from manufacturer
Buys and sells goods
Renders services to other organizations
Produces goods himself
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Question # 10
The wholesaler and retailer are called:
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Middleman (agents)
Merchant middlemen
Broker
Factor
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Question # 11
Types of warehouses are:
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Six
Seven
Three
Two
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Question # 12
Two types of industry:
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Constructive, genetics
Extractive, genetics
Primary, secondary
Constructive, manufacturing
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Question # 13
Commerce means the activities which help in:
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Buying and selling of goods
Transportation of goods
Transferring goods from factory to consumers
None of the above
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Question # 14
Messages are sent from one place to another immediately by:
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Personal visit
Telephone
Tele-printer
None of these
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Question # 15
The time period of rural insurance policy is:
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15 - 20 years
10 - 15years
20 - 25years
More than 25 years
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Question # 16
The company that insures is called:
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Insured
Acceptor
Proposer / Insurer
Business company
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