Question # 1

Helps of facilitates the trade:

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Business organizations

Retailers

Trade auxiliaries

National organizations

What remains among different sections due to offer:

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Link / contact

Coordination

Both

None of these

All the section of a departmental store can be found in

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Four buildings

Two buildings

One buildings

Many buildings

In Shirkat-ul-Anan the share holders/partners invest:

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Only cash

Cash and goods

Only goods

All are correct

Not suitable for huge size and heavy goods:

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Air transport

Railwaytransport

Roadtransport

Watertransport

In Modaraba

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Two persons invent money

Both persons invest money and labour

One person invests money and the other invests labour and experience

All of the above

The wholesaler informs the public about the products through:

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Letters

Telephone

All the above

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

Circular letter is a kind of:

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Official letter

Business letter

Both letters

None of these

In which form of business organization, the element of secrecy is remained or maintained

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Partnership

Joint stock company

Sole tradership

None of the above

A person who deals in ready made items is

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Manufacturer

Worker

Trader

Distributor

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

Due to machines, office work due becomes:

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Easy

Difficult

Remains the same

None of these

Commerce and business:

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The scope of business is wider than commerce

The scope of commerce is wider than business

Both have the same scope

Both have a wider scope than each other

The minimum number of persons in a public ltd. company

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Thirty five

Fifty

Unlimited

Twenty

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

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

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