11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Which ship travels on regular route and follows its time schedule strictly:	Tramp Liner Tanker None of these
2	We can transfer more goods through which means of transport:	Railway Truck Air plane Wagon
3	Less capital is needed for which means of transport:	Water Road Air All the above
4	Which is the safest and effective means of transportation:	Land Water Air All the above
5	The cheapest source of foreign transportation for goods is:	Railway Ship Wagon Airplane
6	Which one is the fastest transport:	Water Air Land All the above
7	Important types of means of transport are:	Four Three Two Five
8	The principal of contribution is ot applicable in:	Life insurance Marineinsurance Valued policy Fireinsurance
9	Which insurance policy can be used as a security:	Marine insurance Fire insurance Lifeinsurance All the three
10	Paid premium is refundable in case of:	Life insurance Fire insurance Valued policy Marine insurance
11	If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:	25 thousand 50 thousand 1 lakh Nothing
12	Kinds of fire insurance:	Voyage and time insurance Specific and floating policy Fleet and valued policy Endowment and term life policy
13	The person who gets himself insured is called:	Insured Proposer Insurance policy Both (a) and (b)
14	The company that insures is called:	Insured Acceptor Proposer / Insurer Business company
15	Insurance is an agreement in which the insurer:	Gives profit Give interest Compensates loss All the above

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