11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

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 tradership 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 to 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 end employment None of the above
10	Human activities consist of following activities	Un-commanded 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