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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The receipt of public and bonded warehouses is used as:
Choose an answer
Security
Business
Liability
None of these
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Question # 2
Office means a place where
Choose an answer
Organization's records/papers are kept
Workers take rest
Visitors wait
Clerical work is done besides keeping records
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Question # 3
The best form of a partnership deed is:
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Verbal
Written
Written and registered
None of the above
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Question # 4
The wholesaler makes it easy for:
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Retailer
Manufacturers
Retailer and manufacturer
None of these
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Question # 5
Short term financing helps in meeting the:
Choose an answer
Seasonal requirements of business
Emergency expenses
Both (a) and (b)
None of these
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Question # 6
The liability of shareholders in co-operative society
Choose an answer
Limited
Unlimited
Both a and b
None
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Question # 7
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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Question # 8
Success of a business office depends on:
Choose an answer
Bribery
Workers
Machines
None of these
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Question # 9
How many qualities in a good filling system
Choose an answer
13
14
15
16
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Question # 10
Due to office machines
Choose an answer
Saving of time and lobour
Convenience in work
Increase in efficiency
All of these
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Question # 11
Generally vowel letters help in
Choose an answer
Filing
Horizontal filing
Indexing
All are wrong
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Question # 12
The participants in sole tradership are/is
Choose an answer
One
Two
Three
Five
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Question # 13
How many characteristics of warehouse
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6
7
2
9
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Question # 14
If any person gets income on the basis of knowledge and skill then it is:
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Business
Economic activity
Profession
Trade
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Question # 15
If goods are bought from another country for exporting, it is called
Choose an answer
Export trade
Import trade
Entrepot trade
None of these
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Question # 16
Business finance can be divided into following parts according to term
Choose an answer
Four
Two
Three
Six
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