Question # 1

If a co-operative society is working in more than one province, then it is registered under act of

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1925

1932

1913

1942

In Modaraba:

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Two persons invest money

Both persons invest money and labour

One person invests money and the other invests labour and expenses

All of the above

Choose the function of warehouse

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Stability in price

Sampling

Risk bearing

All the above

The businessman is:

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A trader

A producer

A distributor

A trader, producer and distributor

In home trade, the traders are related from

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One city

Two different cities of one country

Two different provinces of one country

All of the above

What is written first in an official letter

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Reference no.

Heading

Subject line

None of these

What has to be bought in order to become shareholders of a company

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Shares

Debentures

Dividend

None of these

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

In demi-official letter, an addressee is addressed by his

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Post

Name

Surname

All are correct

Number of local chambers of commerce and industry in Pakistan after establshment:

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2

5

7

12

Trade is the component of:

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Commerce

Industry

Agriculture

None of these

In Modaraba, the person who invests capital is called:

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Modarib

Rab-ul-Mal

Investor

Businessman

The success of tradership is dependent to:

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

A unit where relevant records for the purpose of central planning and efficient management of the organization are prepared, handled and preserves are called

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Office

Chamber

Both a and b

None of these

Limited partnership is formed under Limited Partnership Act:

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1997

2007

2010

2017

The audit of a public limited company is:

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Not necessary

Necessary on yearly basis

After every three years

After every six months

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

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