Question # 1

Which documents are prepared by the exporter after the settlement of affairs are

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Invoice

Consular invoice

Certificate of origin

All of them

The receipt of public and bonded warehouses is used as:

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Security

Business

Liability

None of these

The international trade is entirely dependent to:

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Agricultural development

Industrialdevelopment

Means of transportation

Warehousing

Kinds of letters are:

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Two

Three

Four

None of these

In Modaraba the person who works is called

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Worker

Principle

Rab-ul-Mal

Modarib

Personal letters are divided into

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Two

Five

Seven

Nine

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

What is excluded from a co-operative society:

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Consumer

Retailer

Wholesaler

Capitalist

What are the possibilities to wind up a company

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Voluntary winding up

Voluntary winding up under the supervision of court

Voilent winding up by the court

All of them

A public Ltd. company is included in the list of

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Business centre

Custom authorities

Stock exchange

Chamber of commerce

Commerce is related to

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Insurance is an agreement in which the insurer

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Gives profit

Gives interest

Compensates loss

All the above

Choose the merits of air transport

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Fastest

Natural highway

Better service

All of above

To increase business, small packets of goods are and distributed among the people at:

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Less price

Free of cost

Original price

More profit

The manufacturer wholesalers make their goods

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Themsleves

From others

Both a and b

None of the above

The formation of sole tradership as compared partnership is:

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Easy

Difficult

Same (No difference)

All of the above

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

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