Question # 1

Success of a business office depends on

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Bribery

Workers

Machines

None of these

A non-active partner in a partnership:

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Neither invests nor takes part in the business

Doesn't invest buttakes part in the business

Invests but doesn'ttake part in the business

None of the above

Partnership business as compared to sole tradership

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More flexible

Less flexible

Not flexible

May be in all forms

The maximum number of person in a public limited company:

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Thirty five

Fifty

Unlimited

Twenty

Due to machines, office work due becomes:

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Easy

Difficult

Remains the same

None of these

Due to means of transportation, the production of goods is possible on:

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Large scale

Small Scale

Middle Scale

None of these

The details of the allotted shares is mentioned in

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Statutory report

Annual meeting report

Special meeting report

All of them

The minimum number of directors in a multi-members private ltd. company

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Five

Seven

Two

Not fixed

When goods are received in home country after purchasing them from other countries is called

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Import trade

Export trade

Both a and b

None of these

How many important terms of import trade

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18

19

20

21

An office worker should have to his credit:

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Personal qualities

Physical qualities

Educational qualities

All of these

How many advantages of home trade in text book

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20

21

22

23

A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called

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Duty paid

In bond price

Custom duties

Excise duty

The producer puts the burden of advertisement expense on

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Himself

Consumers

Wholesaler and retailer

Both a and b

What does a company get from the prospectus

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Capital

Fame

Registration

All the three

Commerce and business

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The scope of business is wider than commerce

The scope of commerce is wider than business

Both have the same scope

Both have a wider scope than each other

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

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