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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
When both the parties are satisfied with the performance of each other then their deal comes to an end are called
Choose an answer
End of deal
Securing payment
Delivery of documents
Dispatching the documents
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Question # 2
The life of tradership is:
Choose an answer
Long
Short
Defined/Fixed
Both long and short
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Question # 3
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 # 4
What does happen after the exchange of goods:
Choose an answer
Development of cordial relations between the countries
More chances of fight or war
Economic crises arise
Scarcity of goods
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Question # 5
How many advantages of home trade in text book
Choose an answer
20
21
22
23
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Question # 6
What is written after salutation in business letter
Choose an answer
Name of business
Name of owner of business
Subject line
All the three
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Question # 7
Small and medium scale industrial and trade centers are given the name of:
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Group members
Chamber members
Associate members
None of these
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Question # 8
An agent who is helpful in the sale and purchase of shares
Choose an answer
Clearing agent
Underwriter
Forwarding agent
Auctioneer
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Question # 9
The indent is also called:
Choose an answer
Marine insurance policy
Inquiry letter
Bill of lading
None of these
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Question # 10
The minimum number of persons in a listed public company:
Choose an answer
Seven
Eleven
Five
Two
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Question # 11
In home trade, the traders are related from
Choose an answer
One city
Two different cities of one country
Two different provinces of one country
All of the above
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Question # 12
The person to whom the letter is written is:
Choose an answer
Addressee
Attention line
Truly
None of these
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Question # 13
Commerce is the component of:
Choose an answer
Industry
Trade
Business
Government service
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Question # 14
The details of the allotted shares is mentioned in:
Choose an answer
Statutory report
Annual meeting report
Special meeting report
All of them
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Question # 15
For how much time the directors are selected in public ltd. company:
Choose an answer
2 years
3 years
7 years
10 years
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Question # 16
An official letter should always be in a form of:
Choose an answer
Paragraphs
Sentences
Words
None of these
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