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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Industry is the component of
Choose an answer
Commerce
Trade
Business
Government service
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Question # 2
What remains among different sections due to office
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Link/contact
Coordination
Both
None of these
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Question # 3
Which company can issue the shares to public
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Chartered company
Public ltd. company
Private company
All the above
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Question # 4
Who does issue the certificate of origin for exporting goods:
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Chamber members
Town association
Chamber of commerce and industry
Association members
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Question # 5
An agent who is responsible for the receipt of money besides selling goods
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Broker agent
Delcredere agent
Commission agent
Special agent
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Question # 6
What is written in business letter after complimentary close
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Signature
Salutation
Subject
Name of addressee
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Question # 7
Personal letters are divided into:
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Two
Five
Seven
Nine
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Question # 8
The minimum number of partnership in a partnership are
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Two
Four
Six
Ten
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Question # 9
Because of import trade, the demand for national / home products:
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Reduces
Increases
Remains normal
Both (a) and (b)
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Question # 10
An official letter shold be
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Concise
Suitable
Long
None of these
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Question # 11
What is prepared by the exporter on the settlements of matters
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Invoice
Consular invoice
Certificate of origin
All of these
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Question # 12
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
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Question # 13
Different products are sent to final consumers through:
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Manufacturer
Trader
Means of transportation
Both (a) and (b)
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Question # 14
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
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Question # 15
A charter party is
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A contract to reserve a ship for carrying goods
Application for opening the letter of credit
Letter of indemnity
All the three
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Question # 16
The agent appointed for the sale of goods
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Broker
Auctioneer
Factor
Underwriter
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