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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In order to wind up the sole tradership
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The acceptance of the government is sought
No legal process is required
The meeting of administration is
The will of the friends is required
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Question # 2
The letters sent for personal or domestic matters are called.
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Formal letters
Routine letters
Personal letters
None of these
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Question # 3
The quantity of advertisements in a departmental store is
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More
Less
Reasonable
None
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Question # 4
Public and bonded warehouses are generally built near the
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Ports
markets
Industries
Residential colonies
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Question # 5
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
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Question # 6
The agent appointed for the sale of goods:
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Broker
Auctioneer
Factor
Underwritter
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Question # 7
An ordinary resolution is passed for
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Winding up of company
Section of statutory company
Not announcing the dividend
All of them
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Question # 8
The maximum number of partners in banking business are:
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Ten
Twenty
Thirty
Fifty
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Question # 9
The memorandum of company is prepared by:
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Specialist
Promoters
Experts
All the above
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Question # 10
Not included in communication machines:
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Telephone
Dictation machines
Tele-printer
Folding machines
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Question # 11
The voyage policy is taken for:
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Specific voyage
Specific centres
Specific person
Voyage of different countries
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Question # 12
Trade is the component of
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Commerce
Industry
Agriculture
None of these
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Question # 13
Generally vowel letters help in:
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Filing
Horizontal
Indexing
All are wrong
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Question # 14
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
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Question # 15
Whose signature is important on statutory report of the company:
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Shareholders
Promoters
Directors
Auditors
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Question # 16
The time period of short time finance is:
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Two years
More than one year
One and half year
One or less than one year
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