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.

First Year Principles of Commerce Chapter 1 Online MCQ Test for 1st Year Principles of Commerce Chapter 1 (Concept of Business)

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
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First Year Principles of Commerce Chapter 1 Online MCQ Test for 1st Year Principles of Commerce Chapter 1 (Concept of Business)

Sr. # Questions Answers Choice
1 The basic objective of business is
  • A. Exchange
  • B. Earning profit
  • C. Service to the society
  • D. Earning foreign exchange for the govt
2 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
3 A business takes into account the following activities:
  • A. Economic
  • B. Non-economic
  • C. Social
  • D. None of these
4 What does a business organization mean
  • A. Sole tradership
  • B. Partnership
  • C. Joint stock company
  • D. All the above
5 A person who deals in ready made item is:
  • A. Manufacturer
  • B. Worker
  • C. Trader
  • D. Distributor
6 Income from business is called:
  • A. Profit
  • B. Interest
  • C. Satisfaction
  • D. Utility
7 Which factor plays an important role in improving the standard of living of the people and economic development
  • A. Trade
  • B. Industry
  • C. Commerce
  • D. All the above
8 What does a business organization mean:
  • A. Sole tradeship
  • B. Partnership
  • C. Joint stock company
  • D. All the above
9 Economic activities mean
  • A. Business
  • B. Business and profession
  • C. Business, profession end employment
  • D. None of the above
10 Income from business is called
  • A. Profit
  • B. Interest
  • C. Satisfaction
  • D. Utility

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Chapterwise Lists

Chapter Name Questions PDF File
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 4 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 6 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 9 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 10 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 11 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 14 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 16 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 17 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 19 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 20 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 21 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 22 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 23 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 24 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 25 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 26 Online Test 15 Questions

Share your comments questions here
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  • Arslan Arslan

    18 Mar 2024

    sir urdu ma please

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  • S

    Sohail Khan

    11 Oct 2019

    complete test ;p

    Like (1)
    Reply
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