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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
Choose an answer
6 months
9months
12months
16months
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Question # 2
The formation of sole tradership as compared partnership is:
Choose an answer
Easy
Difficult
Same (No difference)
All of the above
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Question # 3
The participants in sole tradership is/are:
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One
Two
Three
Five
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Question # 4
If a person gets his property insured from to different company's then it is called:
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Whole life insurance
Double insurance
Compensatory insurance
None of these
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Question # 5
Whose role is important in trade:
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Trade
Producer
Consumer
All the three
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Question # 6
The company that insures is called
Choose an answer
Insured
Acceptor
Propose/ Insurer
Business company
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Question # 7
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 # 8
The document issued by an authorized office after counting and checking the loaded goods on ship:
Choose an answer
Shipping order
Receipt of mate
Marine insurance
bill of lading
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Question # 9
The best form of a partnership deed is:
Choose an answer
Verbal
Written
Written and registered
None of the above
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Question # 10
The broker agent gets for his services:
Choose an answer
Commission
Profit
Surplus commission
Brokerage
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Question # 11
The certificates of Modaraba are:
Choose an answer
Non-transferable
Transferable
Conditionally transferable
All of the above
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Question # 12
Method of preserving papers:
Choose an answer
Indexing
Filing
Storage
All are correct
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Question # 13
The indent is also called:
Choose an answer
Marine insurance policy
Inquiry letter
Bill of lading
None of these
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Question # 14
Private warehouses are owned by:
Choose an answer
Business units
Private individuals
Corporation units
None of these
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Question # 15
Choose the function of chamber
Choose an answer
Promotion of trade and commerce
Trade restrictions
Latest information
All of above
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Question # 16
After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called
Choose an answer
Bill of lading
Bill of sight
Bill of entry
None of these
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