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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Industry includes those activities which are related to:
Choose an answer
Selling and buying of goods
Sale of goods
Preparation of goods and services
All the above
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Question # 2
Modaraba is established for a:
Choose an answer
Limited period
Unlimited period
Both (a) and (b)
None of the above
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Question # 3
How many types of foreign trade
Choose an answer
3
4
5
6
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Question # 4
Due to office machines
Choose an answer
Saving of time and lobour
Convenience in work
Increase in efficiency
All of these
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Question # 5
To increase business, small packets of goods are and distributed among the people at:
Choose an answer
Less price
Free of cost
Original price
More profit
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Question # 6
The minimum number of directors in a multimembers private ltd. company:
Choose an answer
Five
Seven
Two
Not fixed
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Question # 7
The letter of credit is opened on the request of
Choose an answer
Importer
Exporter
Government
None of these
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Question # 8
Amount spent on advertisement is:
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Heavy
Less
Reasonable
Nil
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Question # 9
A wholesaler makes it easy for
Choose an answer
Retailer
manufacturers
Retailer and manufacturers
None
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Question # 10
The govt. has monopoly in:
Choose an answer
Railway transport
Airtransport
Roadtransport
Watertransport
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Question # 11
Who cannot be a member of co-operative socity:
Choose an answer
Govt. Servant
Illietrate person
Minor person
None of these
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Question # 12
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 # 13
A company formed according to the royal charter is
Choose an answer
Modaraba company
Chartered company
Statutory company
Registered company
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Question # 14
How many sub-classification of proper wholesaler
Choose an answer
4
5
6
7
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Question # 15
The small retailers sell their goods:
Choose an answer
On credit
On cash
On cash to rich and on credit to poor
All of the above
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Question # 16
Choose the characteristics of warehouse
Choose an answer
Proper space
Proper location
Transport facility
All the above
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