Question # 1

Public warehouse are the property of

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Government

Different persons

Factories

Private organizations

Circular letter is a kind of

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Official letter

Business letter

Both letters

None of these

Choose the correct full form of F.O.B

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Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called

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Ex-ship charges

In bond price

Duty paid

Custom duties

Important types of means of transport are:

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Four

Three

Two

Five

Factor are the:

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Customers of business

Servants of business

Debtors of business

Persons who take responsibility of receiving money from debtors

Trade is the component of:

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Commerce

Industry

Agriculture

None of these

Which one is the fastest transport:

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Water

Air

Land

All the above

Helps or facilitates to trade

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Business organizations

Retailers

Trade auxiliaries

National organizations

The liability of a partner in partnership is normally:

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Limited

Unlimited

Not at all

all the above

The most important document of a company is:

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The memorandum

The articles

The prospectus

The accounts of company

The sum of marine insurance is not paid:

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unneccssary

All these three

Two important components of the business:

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

Which organization can be listed at stock exchange:

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Partnership

Joint Sock Company

Sole proprietorship

All the above

Income from business is called:

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Profit

Interest

Satisfaction

Utility

The success of tradership is dependent to:

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

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

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