11th Class I.Com Part 1 Principles of Commerce MCQ Test With Answer for Principles of Commerce Full Book

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ICOM Part 1 Commerce Test
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ICOM students can find an online test of almost all the subjects including Online Test of Economics Subject, Online Test of Accounting Subject and so on. This page especially contains the online test of the subject Principles of Commerce. The subject gives professional knowledge based on the real commercial situation. Through this subject, students can know the process of business and its environment completely. What are the current affairs of business and on which scale the business is running around the global market? All you can discuss this subject. However, it is, somehow, difficult to overcome the subject. Students are to inform that they can also find some other Online Study Resources or Principles of Commerce Past Papers at ilmkidunya.com for professional or exceptional practice. So, join this test system to get better results.

Principle of Commerce Icom Part 1 English Medium Online Test

Try The Principle of Commerce Icom Part 1 English Medium Online Test

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Online Test

00:00
Question # 1

Paid premium is refundable in case of:

Question # 2

The machine of opening letters in business centers is called

Question # 3

The agent who sells and buys goods of all kinds is called

Question # 4

What are the capital sources of co-operative society:

Question # 5

Public and bonded warehouses are generally built near the:

Question # 6

The first payment after dissolution of partnership is made to:

Question # 7

The most important document of a company is:

Question # 8

The management committee of society is elected by:

Question # 9

Selling the goods in large quantity on low profile results in:

Question # 10

The indent in which the complete detail of goods is written called:

Question # 11

The method of fulfilling a claim is stated in:

Question # 12

Because of foreign trade, the demand for national/ home products

Question # 13

Partnership business as compared to sole tradership is:

Question # 14

Who has the authority of nominating members in the committee of chamber of commerce & industry:

Question # 15

Methods of filing


Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test 29 Download PDF Launch Test
2 Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test 30 Download PDF Launch Test
3 Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test 35 Download PDF Launch Test
4 Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test 40 Download PDF Launch Test
5 Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test 33 Download PDF Launch Test
6 Principle of Commerce Icom Part 1 English Medium Chapter 6 Online Test 41 Download PDF Launch Test
7 Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test 38 Download PDF Launch Test
8 Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test 29 Download PDF Launch Test
9 Principle of Commerce Icom Part 1 English Medium Chapter 9 Online Test 24 Download PDF Launch Test
10 Principle of Commerce Icom Part 1 English Medium Chapter 10 Online Test 24 Download PDF Launch Test
11 Principle of Commerce Icom Part 1 English Medium Chapter 11 Online Test 35 Download PDF Launch Test
12 Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test 30 Download PDF Launch Test
13 Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test 23 Download PDF Launch Test
14 Principle of Commerce Icom Part 1 English Medium Chapter 14 Online Test 20 Download PDF Launch Test
15 Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test 35 Download PDF Launch Test
16 Principle of Commerce Icom Part 1 English Medium Chapter 16 Online Test 31 Download PDF Launch Test
17 Principle of Commerce Icom Part 1 English Medium Chapter 17 Online Test 27 Download PDF Launch Test
18 Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test 35 Download PDF Launch Test
19 Principle of Commerce Icom Part 1 English Medium Chapter 19 Online Test 29 Download PDF Launch Test
20 Principle of Commerce Icom Part 1 English Medium Chapter 20 Online Test 25 Download PDF Launch Test
21 Principle of Commerce Icom Part 1 English Medium Chapter 21 Online Test 27 Download PDF Launch Test
22 Principle of Commerce Icom Part 1 English Medium Chapter 22 Online Test 23 Download PDF Launch Test
23 Principle of Commerce Icom Part 1 English Medium Chapter 23 Online Test 29 Download PDF Launch Test
24 Principle of Commerce Icom Part 1 English Medium Chapter 24 Online Test 25 Download PDF Launch Test
25 Principle of Commerce Icom Part 1 English Medium Chapter 25 Online Test 34 Download PDF Launch Test
26 Principle of Commerce Icom Part 1 English Medium Chapter 26 Online Test 25 Download PDF Launch Test

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Sr.# Question Answer
1 What does happen after the exchange of goods:
A. Development of cordial relations between the countries
B. More chances of fight or war
C. Economic crises arise
D. Scarcity of goods
2 What is written in business letter after complimentary close
A. Signature
B. Salutation
C. Subject
D. Name of addressee
3 The debentures holders of the company are its:
A. Workers
B. Managers
C. Directors
D. Creditors
4 A business takes into account the following activities:
A. Economic
B. Non-economic
C. Social
D. None of these
5 The person who makes arrangements for the departure of goods:
A. Forwarding agent
B. Clearing agnet
C. Commission agent
D. Underwritter
6 In Pakistan, life insurance business was nationalized in
A. 1970
B. 1972
C. 1973
D. 1978
7 How many advantages of home trade in text book
A. 20
B. 21
C. 22
D. 23
8 Choose the full form of F.A.S
A. Free Alongside Ship
B. Foreign Agricultural Service
C. Federation of American Scientists
D. None of these
9 The following letter is written to draw the personal attention of addressee:
A. Official letter
B. Demi-official letter
C. Reminder
D. Formal letter
10 Partnership business as compared to sole tradership
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
11 The advertisement:
A. Increases money
B. Saves money
C. Is wastage of money
D. Decreases money
12 In the absence of agreement, a partner receives on extra capital:
A. Interest
B. No interset
C. More share in profit
D. Salary
13 The basic objective of business is:
A. Exchange
B. Earning Profit
C. Service to the society
D. Earning foreign exchange for the govt.
14 Which company can issue the shares to public:
A. Chartered company
B. Public ltd. company
C. Private company
D. All the above
15 The person who makes arrangements for the departure of goods
A. Forwarding agent
B. Clearing agent
C. Commission agent
D. Underwriter
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11th Class Principles of Commerce Test

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