Question # 1

Services of wholesaler many be classified in the following ______ groups

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Three

Four

Five

Six

Through correspondence, business.

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Expands

Contracts

Has negative effects

None of these

Kinds of home trade

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Two

Three

Four

Five

Modaraba is established for a

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Limited period

Unlimited period

Both a and b

None of the above

A co-operative society is established by

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Government institutions

Capitalist

Financially weak consumer

All the people

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

In the absence of agreement, what will be the interest rate on extra capital of a partner

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4%

6%

10%

12%

In sole tradership, the derisions are held

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Belatedly

Without any delay

After the meeting of administration

With the suggestions of relatives

The report send along with the notice of statutory meeting is called:

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Company report

Auditor'sreport

Statutoryreport

Profit and lossreport

A public ltd. company is included in the list of:

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Business center

Custom authorities

Stock exchange

Chamber of commerce

The persons who sell their purchased goods are called:

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Merchant middleman

Middlemanagents

Both (a) and (b)

Factor

Which business organization requires legal permission for commencement:

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Sole tradership

Partnership

Joint Sock Company

None of these

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

Paid premium is refundable in case of:

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Life insurance

Fire insurance

Valued policy

Marine insurance

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

The success of tradership is dependent to

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

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

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