Question # 1

Kinds of home trade:

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Two

Four

Three

None

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

Types of accidental in insurance are

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Four

Two

Three

One

The directors are selected by

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Shareholders

Promoters

Board of directors

All three can do

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

The maximum number of person in a public limited company:

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Thirty five

Fifty

Unlimited

Twenty

joint stock company is that business organization which is

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Durable

Not ended

Not durable

None of these

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

The important source of sending a voice message is:

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Television

Radio

Video cassette

None of these

The source of importing goods

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Wholesaler

Indent firm

Foreign purchase office

All the above

The letters sent for personal or domestic matters are called:

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Formal letters

Routine letters

Personalletters

None of these

The broker agent gets for his services

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Commission

Profit

Surplus commission

Brokerage

To increase business, small packets of goods are and distributed among the people at

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Less price

Free of cost

Original price

More profit

Insurance is an agreement in which the insurer:

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Gives profit

Give interest

Compensates loss

All the above

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

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

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