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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The person who gets himself insured is called:
Choose an answer
Insured
Proposer
Insurance policy
Both (a) and (b)
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Question # 2
Before selling, fruits are kept in
Choose an answer
Home
Factory
Godown
Office
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Question # 3
Due to office machines
Choose an answer
Saving of time and lobour
Convenience in work
Increase in efficiency
All of these
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Question # 4
A document having the detail of sold goods is
Choose an answer
Invoice
Payment receipt
Debit note
Inquiry letter
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Question # 5
Not included in communication machines
Choose an answer
Telephone
Dictation machine
Tele-printer
Folding machine
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Question # 6
A company formed by the royal order is:
Choose an answer
Modarba company
Chartered company
Statutory company
Registered company
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Question # 7
The company that insures is called
Choose an answer
Insured
Acceptor
Propose/ Insurer
Business company
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Question # 8
How many sources of business finance
Choose an answer
2
3
4
5
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Question # 9
Due to warehousing facility
Choose an answer
Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 10
Limited partnership is formed under limited partnership act
Choose an answer
1897
1907
1917
1927
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Question # 11
Why does issue the certificate of origin for exporting goods
Choose an answer
Chamber members
Town association
Chamber of commerce and industry
Associate members
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Question # 12
Commerce is related to
Choose an answer
Distribution of goods
Sale of goods
Purchase of goods
All the above
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Question # 13
A word "private" is not used by:
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 14
Because of an organized office, business:
Choose an answer
Expands / widens
Contracts
Remains unchanged
None of these
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Question # 15
According to Jiwan Sathi insurance, the husband and wife are provided with financial security in
Choose an answer
One installment
Two installments
Three installments
Four installments
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Question # 16
If a person gets his property insured from to different company's then it is called:
Choose an answer
Whole life insurance
Double insurance
Compensatory insurance
None of these
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