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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The truck jobers has a business of
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Electronics or furniture
Medicines
Eatables
Sports goods
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Question # 2
Advertisement means
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Production of goods
Sale of goods
Introduction of new goods
Spoilage of goods
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Question # 3
Mobile retailer is an ancient kind of:
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Wholesaling
Retailing
Agency
All of the above
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Question # 4
Economic activity which gives
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Predetermined income
Fixed income
Both a and b
None of these
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Question # 5
Through correspondence, business.
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Expands
Contracts
Has negative effects
None of these
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Question # 6
The person who provide finance / capital to company are known as:
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Directors
Promoters
Shareholders
None of these
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Question # 7
A consumer has a direct link with
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Retailer
Wholesaler
Industrialist
Agent
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Question # 8
The sole tradership is a business organization of
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Modern times
Old times
A combination of (a) and (b)
All the above
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Question # 9
Advertisement develops in consumers:
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Temporary demand
Artificial demand
The demand of basic needs
No demand
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Question # 10
A person who sells goods of merchant to another person is called:
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Retailer
Middleman
Agent
Wholesaler
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Question # 11
Insurance is an agreement in which the insurer
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Gives profit
Gives interest
Compensates loss
All the above
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Question # 12
The minimum number of members in a co-operative society:
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Two
Five
Twenty
Thirty
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Question # 13
The basic objective of business is
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Exchange
Earning profit
Service to the society
Earning foreign exchange for the govt
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Question # 14
An ordinary resolution is passed for:
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Winding up of company
Section of statutory company
Not announcing the dividend
All of them
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Question # 15
The quantity of goods sold to consumers in a departmental store is:
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Reasonable
More
Small
All of the above
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Question # 16
What are the capital sources of co-operative society:
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Fee of members
By selling shares to members
Both (a) and (b)
National and international institutions
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