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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A process of classifying and arranging records so that they can be obtained without delay is called
Choose an answer
Index
Filling
Both a and b
None of these
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Question # 2
In sole tradership, the derisions are held:
Choose an answer
Balatedly
Without and delay
After the meeting of administration
With the suggestions of relatives
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Question # 3
The exporter gets the certificate of origin from:
Choose an answer
Chamber of commerce
Custom officials
Importing bank
Exporting banks
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Question # 4
The person who gets himself insured is called:
Choose an answer
Insured
Proposer
Insurance policy
Both (a) and (b)
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Question # 5
The indent in which the complete detail of goods is written called:
Choose an answer
Close indent
Open indent
complete indent
None of these
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Question # 6
The basic aim of a co-operative society is
Choose an answer
To store goods
To earn profit
The welfare of members of society
All the above
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Question # 7
Economic activity which gives
Choose an answer
Predetermined income
Fixed income
Both a and b
None of these
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Question # 8
The real or actual proprietor or owner of goods is
Choose an answer
Agent
Principal
Both a and b
None of these
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Question # 9
The performance of an office depends upon
Choose an answer
Principle
Workers
Office machines
Office management
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Question # 10
Which is the modern and developed means of transportation of goods and passengers
Choose an answer
Water
Air
Land
All the above
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Question # 11
Kinds of fire insurance:
Choose an answer
Voyage and time insurance
Specific and floating policy
Fleet and valued policy
Endowment and term life policy
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Question # 12
The minimum number of partners in banking business are
Choose an answer
Ten
Twenty
Thirty
Fifty
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Question # 13
Paid premium is refundable in case of:
Choose an answer
Life insurance
Fire insurance
Valued policy
Marine insurance
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Question # 14
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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Question # 15
In case of cumulative preference shares, the profit if not paid for one year is:
Choose an answer
Expired
Not Expired
Included in company's capital
None of the above
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Question # 16
In vertical fling, files are kept:
Choose an answer
None of these
In alphabetical order
In standing or vertical position
In numerical order
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