Question # 1

The time recording machine is used in

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Industrial concerns

Colleges

Hospitals

All are correct

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

Who does play an important role in the promotions of trade:

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Middleman

Wholesaler

Merchant middle

None of these

The source of importing goods

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Wholesaler

Indent firm

Foreign purchase office

All the above

Main types of middleman are:

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Wholesaler and broker

Retailer and factor

Merchant middleman trader and middleman agent

Export and import trader

Maximum number of shareholders in a multi-members private company

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Ten

Fifty

No limited

Twenty

A retailer buys and sells goods in

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Reasonable quantity

Abundant quantity

Less quantity

All the above

Due to advertisement, the unemployment:

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Lessens

Increases

Remains un-effected

Ends or disapperas

Liability of shareholders in a joint stock company is:

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Limited

Unlimited

None

All are correct

The report send along with the notice of statutory meeting is called:

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Company report

Auditor'sreport

Statutoryreport

Profit and lossreport

We can transfer more goods through which means of transport

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Railway

Truck

Air plane

Wagon

The management of multiple shops is controlled by

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Central office

Provincial office

Regional office

Any office

Typewriter was invented in:

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1870

1873

1973

None of these

The expenses of mall retailers are:

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Less

Normal

More

None

The word "Private" is not used by

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A statutory company

A public company

A chartered company

All the above

The persons who mange the affairs of company are called:

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The shareholders

The debentureholders

The promotors

The directors

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

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