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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Which business organization can be dissolved through a legal procedure
Choose an answer
Sole tradership
Partnership
Joint stock company
None of these
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Question # 2
Primary industry can be divided into two parts/types:
Choose an answer
Extractive, genetics
Constructive, genetics
Extractive, secondary
Constructive, manufacturing
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Question # 3
The persons who mange the affairs of company are called:
Choose an answer
The shareholders
The debentureholders
The promotors
The directors
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Question # 4
Kinds of home trade
Choose an answer
Two
Three
Four
Five
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Question # 5
The bill of lading reveals the
Choose an answer
Legal ownership of goods
Price of goods
Government ownership of goods
None of the above
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Question # 6
If a person gets his property insured from to different company's then it is called:
Choose an answer
Whole life insurance
Double insurance
Compensatory insurance
None of these
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Question # 7
Due to machines, office work due becomes:
Choose an answer
Easy
Difficult
Remains the same
None of these
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Question # 8
Less capital is needed for which means of transport:
Choose an answer
Water
Road
Air
All the above
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Question # 9
Commerce and business:
Choose an answer
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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Question # 10
What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
Choose an answer
6 months
9months
12months
16months
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Question # 11
The minimum number of directors in a public company
Choose an answer
Seven
Nine
Eleven
Two
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Question # 12
Because of home trade, the goods are traded in
Choose an answer
Half of the country
Whole country
One province
Foreign country
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Question # 13
When did the partnership business come into being
Choose an answer
1872
1880
1892
1902
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Question # 14
The document issued by an authorized office after counting and checking the loaded goods on ship:
Choose an answer
Shipping order
Receipt of mate
Marine insurance
bill of lading
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Question # 15
Modarba company is formed under:
Choose an answer
Modarba companies ordinance 1980
Modarba companies ordinance 1984
Modarba companies ordinance 1960
Modarba companies ordinance 1970
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Question # 16
Which type of business organization has separate legal status apart from shareholders:
Choose an answer
A sole tradership
A partnership
Joint stock company
None of these
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