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 Income from business is called: Profit Interest Satisfaction Utility
2 What does a business organization mean: Sole tradeship Partnership Joint stock company All the above
3 Economic activity which gives: Predetermined income Fixed income Both (a) and (b) None of these
4 For the sale of goods, a businessman depends upon: The employees The relatives The demand of customers None of these
5 A business takes into account the following activities: Economic Non-economic Social None of these
6 In order of determine the size of a business we consider: The availability of the capital The demand of the goods The capacity of production All the above
7 The businessman is: A trader A producer A distributor A trader, producer and distributor
8 The objective of non-economic activities is to: Serve the society Earn profit Serve the society beside spiritual satisfaction Earning the fame
9 Economic activities mean: Business Business and profession Business, profession and employment None of the above
10 Human activities consist of following activities: Un-commended Commanded Commanded and un-commanded None of the above
11 The basic objective of business is: Exchange Earning Profit Service to the society Earning foreign exchange for the govt.
12 How many kinds of official letter 10 11 12 13
13 In demi-official letter, an addressee is addressed by his Post Name Surname All are correct
14 The following letter is written to draw the personal attention of addressee Official letter Demi-official letter Reminder Formal letter
15 The salutation and complimentary close are not used in Private letters Reminder Govt. memo None of these
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