Question # 1

In Pakistan, Joint stock company is formed under:

Choose an answer

The Act of 1978

The Act of 1982

The Act of 1984

The Act of 1990

The department is responsible for selling goods to the customers are called

Choose an answer

sales department

Purchase department

Administrative department

None of these

The following is used for posting through posting machine:

Choose an answer

Debit card

Credit card

Larger card

None of these

An official letter should be complete in all aspects, so that the facts and figures can be understood without the help of old references is called

Choose an answer

Completeness

Courtesy

Simplicity

Correctness

If a person gets his property insured from ti different company's then it is called

Choose an answer

Whole life insurance

Double insurance

Compensatory insurance

None of these

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

The real or actual proprietor or owner of goods is

Choose an answer

Agent

Principal

Both a and b

None of these

State the procedure or steps of exporting goods are

Choose an answer

Obtaining and acceptance of indent

Registration

Obtaining license

All of these

The quantity of goods sold to consumers in a departmental store is:

Choose an answer

Reasonable

More

Small

All of the above

Who does issue the certificate of origin for exporting goods:

Choose an answer

Chamber members

Town association

Chamber of commerce and industry

Association members

Number of local chambers of commerce and industry in Pakistan after establshment:

Choose an answer

2

5

7

12

Short term financing helps in meeting the:

Choose an answer

Seasonal requirements of business

Emergency expenses

Both (a) and (b)

None of these

The businessman is

Choose an answer

A trader

A producer

A distributor

A trader, producer and distributor

How many functions of an office

Choose an answer

12

13

14

15

A wholesaler buys goods in:

Choose an answer

Reasonable quantity

Abundant quantity

Less quantity

Does not buy or sell

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer