Question # 1

If any person gets income on the basis of knowledge and skill then it is

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Business

Economic activity

Profession

Trade

Kinds of horizontal filing:

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Arch and geographical

Wireand geographical

Arch and wire

Geographical and vertical

On which type of shares a company gives the profit on preferential basis

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Ordinary shares

Preference shares

Elementary shares

On all the three

What remains among different sections due to office

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Link/contact

Coordination

Both

None of these

Exact copy of letter or document can be taken from:

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Photo state machine

Automatic typemachine

Electric typemachine

Type writer

Insurance is an agreement in which the insurer

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Gives profit

Gives interest

Compensates loss

All the above

The first chamber of commerce was established in America in:

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1768

1773

1930

1980

Two important components of the business

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

The basic objective of business is:

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Exchange

Earning Profit

Service to the society

Earning foreign exchange for the govt.

In the absence of agreement, a partner receives on extra capital

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Interest

No interest

More share in profit

Salary

Which company requires a certificate of commencement

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Public company

Private company

Chartered company

All the above

The minimum number of persons in a listed public company:

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Seven

Eleven

Five

Two

There is an increase in following production because of home trade

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Foreign

National

Regional

Domestic

Trade is the component of

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Commerce

Industry

Agriculture

None of these

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

The memorandum and articles of company are

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Two names of the same document

Two different documents

They are not documents

Both have the same objective

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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