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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In Shirkat-ul-Anan the share holders/partners invest:
Choose an answer
Only cash
Cash and goods
Only goods
All are correct
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Question # 2
An agent who can receive the payment from buyer
Choose an answer
Clearing agent
Export agent
Factor
Underwriter
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Question # 3
A retailer buys and sells goods in
Choose an answer
Reasonable quantity
Abundant quantity
Less quantity
All the above
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Question # 4
What is not necessary for a private company:
Choose an answer
Statutory meeting
Statutory report
Both (a) & (b)
None of these
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Question # 5
Kinds of home trade
Choose an answer
Two
Three
Four
Five
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Question # 6
Maximum number of shareholders in a multi-members private company
Choose an answer
Ten
Fifty
No limited
Twenty
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Question # 7
Not in home trade:
Choose an answer
Tax saving
Foreign currency
Stability in prices
Decrease in expenditures
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Question # 8
The wholesaler creates a link between:
Choose an answer
Retailer and consumer
Retailer and manufacturer
Consumer and manufacturer
All the above
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Question # 9
In Modaraba the person who works is called
Choose an answer
Worker
Principle
Rab-ul-Mal
Modarib
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Question # 10
Which insurance policy can be used as a security:
Choose an answer
Marine insurance
Fire insurance
Lifeinsurance
All the three
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Question # 11
The capital needed for a departmental store is
Choose an answer
Less
More
Mechanical
None of the above
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Question # 12
The characteristics of a good salesman:
Choose an answer
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
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Question # 13
Because of foreign trade, the demand for national/ home products
Choose an answer
Reduces
Increases
Remains normal
Both a and b
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Question # 14
After the formation of a company, what is the first meeting of shareholders is called
Choose an answer
Statutory meeting
Annual general meeting
Extra ordinary meeting
None of these
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Question # 15
How many characteristics of home trade in our book
Choose an answer
10
11
12
13
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Question # 16
The management of multiple shops is controlled by
Choose an answer
Central office
Provincial office
Regional office
Any office
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