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

If a person gets his property insured from ti different company's then it is called

Question # 2

A co-operative society is established by:

Question # 3

A company in which at least 51% shares are held by the govt. is called:

Question # 4

The shares of co-operative society:

Question # 5

What does a company get from the prospectus:

Question # 6

The remuneration of an agent is called

Question # 7

The company that insures is called:

Question # 8

Which business organization requires legal permission for commencement:

Question # 9

Partnership deed can be:

Question # 10

The sole tradership is a business organization of

Question # 11

Main types of middleman are:

Question # 12

The objective of a statutory meeting is:

Question # 13

Which type of business organization has separate legal status apart from shareholders:

Question # 14

An official letter should always be in a form of

Question # 15

The wholesaler sells his goods to


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 For the poor, advertisement is
A. Non-effective
B. Reason of happiness
C. Cause of financial tention and despair
D. Wastage of time
2 Partnership business as compared to sole tradership is:
A. More flexible
B. Less flexible
C. Not flexible
D. May be in all forms
3 A document having the detail of solid goods is:
A. Invoice
B. Payment receipt
C. Debit note
D. Inquiry letter
4 The management of multiple shops is controlled by
A. Central office
B. Provincial office
C. Regional office
D. Any office
5 The maximum number of partners in banking business are:
A. Ten
B. Twenty
C. Thirty
D. Fifty
6 The liability of a partner in partnership is normally
A. Limited
B. Unlimited
C. Not at all
D. All the above
7 The decisions of sole trader ship depend on
A. The will of friends
B. The will of sole-trader
C. The will of government
D. The will of relatives
8 We can transfer more goods through which means of transport
A. Railway
B. Truck
C. Air plane
D. Wagon
9 The life of sole tradership is
A. Long
B. Short
C. Defined/fixed
D. Both long and short
10 Co-operative society started in:
A. 1840
B. 1844
C. 1845
D. 1850
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11th Class Principles of Commerce Test

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