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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
On which type of shares a company gives the profit on preferential basis:
Choose an answer
Ordinary shares
Preference shares
Elementary shares
On all the three
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Question # 2
Holding company is a company which has
Choose an answer
No shares of other company
Less than 50% shares of other company
More than 50% shares of other company
50% shares of other company
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Question # 3
The liability of a partner in partnership is normally
Choose an answer
Limited
Unlimited
Not at all
All the above
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Question # 4
Which is the modern and developed means of transportation of goods and passengers
Choose an answer
Water
Air
Land
All the above
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Question # 5
Public warehouses are the property of:
Choose an answer
Government
Different persons
Factories
Private organaizations
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Question # 6
Letters are folded by:
Choose an answer
Folding machine
Sealingmachine
Staplermachine
All are correct
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Question # 7
The word index is derived from which language
Choose an answer
Greek
Latin
French
Japnese
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Question # 8
What is written on the bill of entry of goods
Choose an answer
Quantity and price
Value of insurance
Quality and type
None of the above
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Question # 9
Advertisement means
Choose an answer
Production of goods
Sale of goods
Introduction of new goods
Spoilage of goods
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Question # 10
Which type of business organization has separate legal status apart from shareholders:
Choose an answer
A sole tradership
A partnership
Joint stock company
None of these
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Question # 11
What is written on the bill of entry of goods:
Choose an answer
Quantity and price
Value of insurance
Quality and type
None of the above
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Question # 12
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 # 13
Business finance can be divided into following parts according to term
Choose an answer
Four
Two
Three
Six
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Question # 14
How many types of business finance
Choose an answer
2
3
4
5
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Question # 15
Kinds of home trade
Choose an answer
Import & export trade
Wholesaling & import trade
Retail and wholesale trade
All of the above
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Question # 16
The person to whom the letter is written is:
Choose an answer
Addressee
Attention line
Truly
None of these
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