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This online test contains MCQs about following topics:
Human activites and their classification . Definition, Nature and Characteristics of business . Objectives and functions of business . Starting/establishing a new business . Qualities of a good businessman . Elements of successful business
ICOM Part 1 Commerce Ch. 1 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 1 "Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Economic activity which gives:
Question # 2
What does a business organization mean:
Question # 3
Income from business is called
Question # 4
In order to determine the size of a business we consider
Question # 5
Which factor plays an important role in improving the standard of living of the people and economic development:
Question # 6
A person involved in different economic activities for the purpose of earning profit is called
Question # 7
For the sale of goods, a businessman depends upon
Question # 8
Which factor plays an important role in improving the standard of living of the people and economic development
Question # 9
A business takes into account the following activities
Question # 10
The basic objective of business is
Question # 11
Income from business is called:
Question # 12
A person who deals in ready made items is
Question # 13
What does a business organization mean
Question # 14
Economic activities mean:
Question # 15
The objective of non-economic activities is to:
11th Principles of Commerce Chapter 1 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 1 Concept of Business Test. Click the button for 100% free full practice test.
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | A person who deals in ready made item is: |
A. Manufacturer
B. Worker
C. Trader
D. Distributor
|
| 2 | The basic objective of business is: |
A. Exchange
B. Earning Profit
C. Service to the society
D. Earning foreign exchange for the govt.
|
| 3 | The businessman is |
A. A trader
B. A producer
C. A distributor
D. A trader, producer and distributor
|
| 4 | A person involved in different economic activities for the purpose of earning profit is called |
A. Business man
B. Trader
C. Industrialist
D. Professional
|
| 5 | The basic objective of business is |
A. Exchange
B. Earning profit
C. Service to the society
D. Earning foreign exchange for the govt
|
| 6 | A business takes into account the following activities: |
A. Economic
B. Non-economic
C. Social
D. None of these
|
| 7 | The objective of non-economic activities is to |
A. serve the society
B. Earn profit
C. Serve the society beside spiritual satisfaction
D. Earning the fame
|
| 8 | Economic activity which gives |
A. Predetermined income
B. Fixed income
C. Both a and b
D. None of these
|
| 9 | What does a business organization mean |
A. Sole tradership
B. Partnership
C. Joint stock company
D. All the above
|
| 10 | Economic activity which gives: |
A. Predetermined income
B. Fixed income
C. Both (a) and (b)
D. None of these
|
| 11 | Income from business is called: |
A. Profit
B. Interest
C. Satisfaction
D. Utility
|
| 12 |
Human activities consist of following activities |
A. Un-commanded
B. Commanded
C. Commanded and un-commanded
D. None of the above
|
| 13 | Income from business is called |
A. Profit
B. Interest
C. Satisfaction
D. Utility
|
| 14 | A business takes into account the following activities |
A. Economic
B. Non-economic
C. Social
D. None of these
|
Test Questions
