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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
If the trader does not want to get the goods himself, he issues to the officials
Choose an answer
Bill of entry
Bill of sight
Delivery order
Bill of lading
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Question # 2
Filing means:
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Systematic preservations of records
Non-systematic preservations of records
End of business documents
To run business in profitable way
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Question # 3
The shares of a joint stock company are:
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Transferable
Not for common person
Of high value
All are correct
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Question # 4
The price of the share of society is:
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Equal to the face price
Above the face price
Less than the face price
All the above
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Question # 5
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 # 6
The first chamber of commerce in Britain was established in:
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1773
1768
1789
1772
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Question # 7
How many types to indexing
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2
3
4
5
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Question # 8
Secondary industry can be divided into two parts
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Constructive, extractive
Constructive, manufacturing
Extractive, genetics
Constructive, genetics
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Question # 9
Liability of shareholders in a joint stock company is:
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Limited
Unlimited
None
All are correct
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Question # 10
A company in which at least 51% shares are held by the govt. is called:
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Chartered company
Public company
Statutory company
Government company
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Question # 11
The wholesaler informs the public about the products through:
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Letters
Telephone
Advertisement
All the above
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Question # 12
The persons who mange the affairs of company are called:
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The shareholders
The debentureholders
The promotors
The directors
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Question # 13
Sole proprietorship is:
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Non-flexible
Flexible
Durable
None of these
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Question # 14
At least how many partners should have a limited liability in a limited partnership:
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One
Two
Three
All
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Question # 15
The debentures holders of the company are its:
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Workers
Managers
Directors
Creditors
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Question # 16
The person to whom the letter is written is
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Addressee
Attention line
Truly
None of these
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