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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
To collective profit of wholesaler is
Choose an answer
Less
More
Reasonable
None of the above
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Question # 2
Because of an organized office, business
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Expands/widens
Contracts
remains unchanged
None of these
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Question # 3
In Modaraba, the person who invests capital is called
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Modarib
Rab-ul-Mal
Investor
Business man
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Question # 4
One to advertisement, the sale of goods
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Decreases
Increases
Remains same
Both a and b are possible
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Question # 5
If goods are bought from another country for exporting, it is called
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Export trade
Import trade
Entrepot trade
None of these
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Question # 6
Due to advertisement, the unemployment
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Lessens
Increases
Remains un-effected
Ends or disappears
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Question # 7
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 # 8
What does a business organization mean
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Sole tradership
Partnership
Joint stock company
All the above
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Question # 9
Two types of industry:
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Constructive, genetics
Extractive, genetics
Primary, secondary
Constructive, manufacturing
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Question # 10
Which is the modern and developed means of transportation of goods and passengers
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Water
Air
Land
All the above
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Question # 11
In sole tradership, the responsibility of loss is on
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The manger
Many people
A single person
The employees
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Question # 12
If a co-operative society is working in more than one province, then it is registered under act of
Choose an answer
1925
1932
1913
1942
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Question # 13
How many types of foreign trade
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3
4
5
6
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Question # 14
The expenses of small retailers are
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Less
Normal
More
None
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Question # 15
The department is responsible for selling goods to the customers are called
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sales department
Purchase department
Administrative department
None of these
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Question # 16
The truck jobers has a business of
Choose an answer
Electronics or furniture
Medicines
Eatables
Sports goods
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