Question # 1

The method of fulfilling a claim is stated in

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Letter of enquiry

Order letter

Complaint letter

None of these

The reference number is written after writing the heading in the letter:

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On left side

On right side

In the end

None of these

Filing means

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Systematic preservation of records

Non-systematic preservation of records

End of business documents

To run business in a profitable way

When did the partnership business come into being

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1872

1880

1892

1902

If a person gets his property insured from ti different company's then it is called

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Whole life insurance

Double insurance

Compensatory insurance

None of these

An agent who is helpful in the sale and purchase of shares

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

Kinds of filing are

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Two

Three

Four

Five

The members of chamber of commerce and industry can be

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Local persons

Foreign persons

Both

None of these

The memorandum of company is prepared by:

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Specialist

Promoters

Experts

All the above

The salutation and complimentary close are not used in:

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Private letters

Reminder

Govt. memo

None of these

A company formed according to the royal charter is

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Modaraba company

Chartered company

Statutory company

Registered company

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

Maximum number of members in a co-operative society

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Ten

Twenty

Fifty

None of these

Due to means of transportation, the production of goods is possible on:

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Large scale

Small Scale

Middle Scale

None of these

The letter of credit is opened on the request of

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Importer

Exporter

Government

None of these

In sole tradership

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The government provides finance

Only the trader provides finance

Many people collectively provide finance

The relatives provide finance

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

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