More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economic activity which gives:
Choose an answer
Predetermined income
Fixed income
Both (a) and (b)
None of these
Previous
Skip
Next
Question # 2
The businessman is:
Choose an answer
A trader
A producer
A distributor
A trader, producer and distributor
Previous
Skip
Next
Question # 3
The basic objective of business is
Choose an answer
Exchange
Earning profit
Service to the society
Earning foreign exchange for the govt
Previous
Skip
Next
Question # 4
What does a business organization mean:
Choose an answer
Sole tradeship
Partnership
Joint stock company
All the above
Previous
Skip
Next
Question # 5
The objective of non-economic activities is to
Choose an answer
serve the society
Earn profit
Serve the society beside spiritual satisfaction
Earning the fame
Previous
Skip
Next
Question # 6
Economic activity which gives
Choose an answer
Predetermined income
Fixed income
Both a and b
None of these
Previous
Skip
Next
Question # 7
A person who deals in ready made items is
Choose an answer
Manufacturer
Worker
Trader
Distributor
Previous
Skip
Next
Question # 8
Human activities consist of following activities:
Choose an answer
Un-commended
Commanded
Commanded and un-commanded
None of the above
Previous
Skip
Next
Question # 9
Income from business is called:
Choose an answer
Profit
Interest
Satisfaction
Utility
Previous
Skip
Next
Question # 10
A person involved in different economic activities for the purpose of earning profit is called
Choose an answer
Business man
Trader
Industrialist
Professional
Previous
Skip
Next
Question # 11
Economic activities mean
Choose an answer
Business
Business and profession
Business, profession end employment
None of the above
Previous
Skip
Next
Question # 12
A business takes into account the following activities:
Choose an answer
Economic
Non-economic
Social
None of these
Previous
Skip
Next
Question # 13
Human activities consist of following activities
Choose an answer
Un-commanded
Commanded
Commanded and un-commanded
None of the above
Previous
Skip
Next
Question # 14
A business takes into account the following activities
Choose an answer
Economic
Non-economic
Social
None of these
Previous
Skip
Next
Question # 15
If any person gets income on the basis of knowledge and skill then it is
Choose an answer
Business
Economic activity
Profession
Trade
Previous
Skip
Next
Back
