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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The success of tradership is dependent to:
Choose an answer
The administration
The capability of the manger
The capability of sole trader
The cooperation of friends
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Question # 2
The first part of a business letter is:
Choose an answer
Reference no.
Heading
Subject line
None of these
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Question # 3
A co-operative society is established by:
Choose an answer
Government institutions
Capitalists
Financially weak consumer
All the people
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Question # 4
Trade is an activity of buying ans selling of goods for money or other goods are called
Choose an answer
Trade
Home trade
Foreign trade
None of the above
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Question # 5
In sole tradership
Choose an answer
The government provides finance
Only the trader provides finance
Many people collectively provide finance
The relatives provide finance
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Question # 6
An agent appointed for sending goods to other countries is called:
Choose an answer
Export agnet
Import agent
Forwarding agent
Clearing agent
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Question # 7
While selling the goods, anagent is:
Choose an answer
Bound to follow principal's instructions
Not bound to follow principal's instructions
Master of his own will
None of these
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Question # 8
Advertisement means:
Choose an answer
Production of goods
Sale of goods
Introduction of goods / products
Spoilage of goods
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Question # 9
The style of an official letter is:
Choose an answer
Personal / private
Individual
Non-individual
All of these
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Question # 10
The indent in which the complete detail of goods is written called
Choose an answer
Close indent
Open indent
Complete indent
None of these
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Question # 11
Which business organization can be dissolved through a legal procedure:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 12
The expenses of small retailers are
Choose an answer
Less
Normal
More
None
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Question # 13
The methods of selling goods in foreign countries
Choose an answer
Advertisement
Personal visit
Travelling agents
All of the above
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Question # 14
The rate of interest in long tern finance to:
Choose an answer
Less
None
More
All the above
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Question # 15
In the absence of agreement, a partner receives for taking part in business:
Choose an answer
Remuneration
No remuneration
More Profit
Interest
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Question # 16
What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
Choose an answer
6 months
9months
12months
16months
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