Question # 1

The price of the share of society is

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Equal to the face price

Above the face price

Less than the face price

All the above

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

Warehousing for government is the source of:

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Income

Problem / tension

Debt

None of these

In Pakistan, life insurance business was nationalized in

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1970

1972

1973

1978

In order to wind up the sole tradership:

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The acceptance of the government is sought

No legal process is required

The meeting of administration is required

The will of the friends is required

Another name for quotation letter:

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Catalogue

Order

None of these

Due to office machines

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Saving of time and lobour

Convenience in work

Increase in efficiency

All of these

Commerce is related to

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Whose signature is important on statutory report of the company

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Shareholders

Promoters

Directors

Auditors

On which type of shares a company gives the profit on preferential basis:

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Ordinary shares

Preference shares

Elementary shares

On all the three

Due to warehousing facility

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Demand increases

There is control on supply

Supply increases

There is control on demand

How many kinds of wholesaler

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3

4

5

6

Due to machines, office work due becomes

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Easy

Difficult

Remains the same

None of these

A retailer buys and sells goods in:

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Reasonable quantity

Abundant quantity

Less quantity

All the above

Due to warehousing facility:

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Demand increases

There is control on supply

Supply increases

There is control on demand

Export trade includes all the activities, which are performed in sending goods from one country to another country is called

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Import trade

Export trade

Foreign trade

None of these

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

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