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

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 The wholesaler and retailer are called: Middleman (agents) Merchant middlemen Broker Factor
2 The persons who sell their purchased goods are called: Merchant middleman Middlemanagents Both (a) and (b) Factor
3 Who does transfer the goods from manufacturer to consumer: Retailer Wholesaler MIddleman None of these
4 An agent who is responsible for the receipt of money besides selling goods: Broker agent Delcredere agent Commissionagent Specialagent
5 An agent who sells goods only for a specific organization is called: Common agent Travelling agent Special agent Non of these
6 The real or actual proprietor or owner of goods is: Export agent Warehouse keeper Clearing agent Broker
7 An agent who is helpful in the sale and purchase of shares: Clearing agent Underwriter Forwarding agent Auctioneer
8 An agent appointed for sending goods to other countries is called: Export agnet Import agent Forwarding agent Clearing agent
9 A person who sells goods of merchant to another person is called: Retailer Middleman Agent Wholesaler
10 The broker agent gets for his services: Commission Profit Surplus commission Brokerage
11 The agent appointed for the sale of goods: Broker Auctioneer Factor Underwritter
12 The agent who sells and buys goods of all kinds is called: Commission agent Underwritter Broker Exporting agnet
13 The remuneration of an agent is called: Wages Profit Salary Commission
14 An agentt means a person who: Buys goods from manufacturer Buys and sells goods Renders services to other organizations Producers goods himself
15 Middlemen means those persons who: 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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