Question # 1

An agent who sells goods only for a specific organization is called

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Common agent

Travelling agent

Special agent

None of these

Partnership deed can be:

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Written

Oral

Written & Registered

All are correct

On which type of shares a company gives the profit on preferential basis

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Ordinary shares

Preference shares

Elementary shares

On all the three

Amount spent on advertisement is

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Heavy

Less

Reasonable

Nil

The time recording machine is used in

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Industrial concerns

Colleges

Hospitals

All are correct

The capital needed for a departmental store is:

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Less

More

Mechanical

None of the above

Warehousing for government is the source of:

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Income

Problem / tension

Debt

None of these

Due to advertisement, quality products are avail able at

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Reasonable price

Low price

High price

None of the above

In Modaraba the person who works is called

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Worker

Principle

Rab-ul-Mal

Modarib

The following letter is written to draw the personal attention of addressee

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Official letter

Demi-official letter

Reminder

Formal letter

What does a company get from the prospectus:

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Capital

Fame

Registration

All the three

How many sub-classification of proper wholesaler

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4

5

6

7

Factor are the

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Customers of business

Servants of business

Debtors of business

Person who take responsibility of receiving money from debtors

Co-operative society is established under the following act:

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1920

1925

1930

1935

The advertisement

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Increases money

Saves money

Is wastage of money

Decreases money

Which business organization can be dissolved through a legal procedure

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Sole tradership

Partnership

Joint stock company

None of these

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

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