Question # 1

If goods are bought from another country for exporting, it is called

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Export trade

Import trade

Entrepot trade

None of these

Before selling, fruits are kept in

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Home

Factory

Godown

Office

The receipt of public and bonded warehouses is used as:

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Security

Business

Liability

None of these

In the absence of agreement, a partner receives on extra capital:

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Interest

No interset

More share in profit

Salary

Which company can issue the shares to public

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Chartered company

Public ltd. company

Private company

All the above

Personal letters are divided into:

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Two

Five

Seven

Nine

The language of official letter is generally:

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Typical

Definite

Both

Courteous

At cut price shop, the things are always sold:

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On cash

On credit

Both cash and credit

In exchange of things

The debentures holders of the company are its:

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Workers

Managers

Directors

Creditors

A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called

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Ex-ship charges

In bond price

Duty paid

Custom duties

The minimum number of persons in a multi-members private company

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Seven

Four

Two

Three

The basic aim of a co-operative society is

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To store goods

To earn profit

The welfare of members of society

All the above

The quantity of goods sold to consumers in a departmental store is

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Reasonable

More

Small

All of the above

A company can sell its shares on the allowing prices:

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At par

At discount

At premium

All the above

Economic activity which gives

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Predetermined income

Fixed income

Both a and b

None of these

The receipt of public and bonded warehouses is used as

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Security

Business

Liability

None of these

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

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