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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Export trade includes all the activities, which are performed in sending goods from one country to another country is called
Choose an answer
Import trade
Export trade
Foreign trade
None of these
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Question # 2
The first part of a business letter is
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Reference no.
Heading
Subject line
None of these
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Question # 3
Which business organization can be dissolved through a legal procedure:
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Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 4
The remuneration of an agent is called:
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Wages
Profit
Salary
Commission
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Question # 5
The best form of a partnership deed is:
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Verbal
Written
Written and registered
None of the above
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Question # 6
Maximum number of shareholders in a multi-members private company
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Ten
Fifty
No limited
Twenty
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Question # 7
What is prepared after sending the goods
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Bill of lading
Invoice
Receipt of mate
All of these
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Question # 8
An agent appointed for sending goods to other countries is called:
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Export agnet
Import agent
Forwarding agent
Clearing agent
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Question # 9
How many advantages of home trade in text book
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20
21
22
23
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Question # 10
An official letter should be:
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Concise
Suitable
Long
None of these
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Question # 11
The notice of special resolution must be given to the members
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21 days before
37 days before
33 days before
14 days before
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Question # 12
Trade means:
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Wholesaling
Retailing
Import and Export
All the three
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Question # 13
Relation of the owner/principal with the workers and consumers in sole proprietorship are:
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Not developed
Direct
Indirect
Not good (worst)
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Question # 14
The agent appointed for the sale of goods:
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Broker
Auctioneer
Factor
Underwritter
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Question # 15
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 # 16
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
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