Question # 1

A non-active partner in a partnership:

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Neither invests nor takes part in the business

Doesn't invest buttakes part in the business

Invests but doesn'ttake part in the business

None of the above

In demi-official letter, an addressee is addressed by his:

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Post

Name

Surname

All are correct

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

The objective of a statutory meeting is

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To raise funds

To settle preference

To gain the confidence of company's shareholders

To sell the shares

What are the possibilities to wind up a company

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Voluntary winding up

Voluntary winding up under the supervision of court

Voilent winding up by the court

All of them

In sole tradership

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The government provides finance

Only the trader provides finance

Many people collectively provide finance

The relatives provide finance

The small retailers work

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At one place

In streets

On medium scale

On large scale

An official letter should always be in a form of

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Paragraphs

Sentences

Words

None of these

The management of multiple shops is controlled by

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Central office

Provincial office

Regional office

Any office

Not included in office worker's personal qualities

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Hard working

Honest

Good personality

Courteous

Which ship travels on regular route and follows its time schedule strictly:

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Tramp

Liner

Tanker

None of these

What are the capital sources of co-operative society

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Fee of members

By selling shares to members

Both a and b

National and international institutions

Circular letter is a kind of

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Official letter

Business letter

Both letters

None of these

In home trade, the traders are related from:

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One city

Two different cities of one country

Two different provinces of one country

All of the above

Typewriter was invented in:

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1870

1873

1973

None of these

What does a business organization mean

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Sole tradership

Partnership

Joint stock company

All the above

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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