Question # 1

If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called

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Open indent

Close indent

Both a and b

None of these

Letters are folded by:

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Folding machine

Sealingmachine

Staplermachine

All are correct

Choose the correct full form of C&F

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Cost & Freight

Cost & Feasibility

Carriage & Freight

Not included in office worker's personal qualities

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Hard working

Honest

Good personality

Courteous

A retailer buys good from following market:

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National / home

Local

International

All of the above

In Pakistan, a co-operative society is established under the following act:

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1920

1925

1930

1935

What is written first in an official letter

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Reference no.

Heading

Subject line

None of these

The cheapest source of foreign transportation for goods is:

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Railway

Ship

Wagon

Airplane

Not in home trade

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Tax saving

Foreign currency

Stability in price

Decrease in expenditures

The following letter is written to draw the personal attention of addressee:

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Official letter

Demi-official letter

Reminder

Formal letter

The government issued Modaraba ordinance on

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January 1980

January 1981

January 1979

January 1984

Typewriter is included in

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Copying machines

Calculating machines

Communication machines

None of these

The broker agent gets for his services

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Commission

Profit

Surplus commission

Brokerage

The minimum number of directors in a public company

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Seven

Nine

Eleven

Two

Whose role is important in trade:

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Trade

Producer

Consumer

All the three

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

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