Question # 1

Short term financing helps in meeting the

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Seasonal requirements of business

Emergency expenses

Both a and b

None of these

The remuneration of an agent is called:

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Wages

Profit

Salary

Commission

Advertisement develops in consumers

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Temporary demand

Artificial demand

The demand of basic needs

No demand

Secondary industry can be divided into two parts/types:

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Constructive, extractive

Constructive, manufacturing

Extractive, genetics

Constructive, genetics

The document issued by an authorized office after counting and checking the loaded goods on ship:

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Shipping order

Receipt of mate

Marine insurance

bill of lading

What type of security does life insurance offer

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Individual

Collective

Both a and b

None of a and b

The capital needed for a departmental store is

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Less

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Mechanical

None of the above

Commerce is the component of

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Industry

Trade

Business

Government service

The management of multiple shops is controlled by

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Central office

Provincial office

Regional office

Any office

Types of warehouses are:

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Six

Seven

Three

Two

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

In sole tradership, the derisions are held

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Belatedly

Without any delay

After the meeting of administration

With the suggestions of relatives

Musharika is based on islamic:

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Concept of interest

Concept of non-interest

Both include

None of both

The minimum number of members in a co-operative society:

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Two

Five

Twenty

Thirty

The persons who sell their purchased goods are called:

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Merchant middleman

Middlemanagents

Both (a) and (b)

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

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