Question # 1

The characteristics of a good salesman:

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Sells goods at very high prices

Introduces goods in very goods manners

Sells goods on very low prices

Tells lie with customer about the qualities of product

What are the possibilities to wind up a company

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Voluntary winding up

Voluntary winding up under the supervision of court

Voilent winding up by the court

All of them

The capital needed for a departmental store is:

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Less

More

Mechanical

None of the above

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

Liability of shareholders in a joint stock company is

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Limited

Unlimited

None

All are correct

The chamber of commerce and industry is formed for

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Commerce

Trade

Industrial activities

All the above

The company that insures is called:

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Insured

Acceptor

Proposer / Insurer

Business company

The management committee of society is elected by:

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Members

Government

the will of one person

All the correct

Partnership business as compared to sole tradership

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More flexible

Less flexible

Not flexible

May be in all forms

Which is the safest and effective means of transportation:

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Land

Water

Air

All the above

How many types of foreign trade

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3

4

5

6

Paid premium is refundable in case of:

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Life insurance

Fire insurance

Valued policy

Marine insurance

In horizontal filing, files are kept:

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In flat or horizontal position

In vertical position

Fixed with ribbon on cardboard

None of these

A person who sells goods of merchant to another person is called:

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Retailer

Middleman

Agent

Wholesaler

The advertisement

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Increases money

Saves money

Is wastage of money

Decreases money

To collective profit of wholesaler is

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Less

More

Reasonable

None of the above

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

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