11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Two types of industry:	Constructive, genetics Extractive, genetics Primary, secondary Constructive, manufacturing
2	Two important components of the business:	Trade and commerce Industry and commerce Trade and industry Profit and loss
3	Imports and exports are the kinds of:	Home trade Foreign trade Provincial trade None of these
4	Trade means:	Wholesaling Retailing Import and Export All the three
5	Trade is the component of:	Commerce Industry Agriculture None of these
6	Commerce is the component of:	Industry Trade Business Government service
7	Industry is the component of:	Commerce Trade Business Government service
8	Industry includes those activities which are related to:	Selling and buying of goods Sale of goods Preparation of goods and services All the above
9	Commerce and business:	The scope of business is wider than commerce The scope of commerce is wider than business Both have the same scope Both have a wider scope than each other
10	Commerce is related to:	Distribution of goods Sale of goods Purchase of goods All the above
11	Commerce means the activities which help in:	Buying and selling of goods Transportation of goods Transferring goods from factory to consumers None of the above
12	The literal meaning of trade of:	Exchange Buying and selling Removal of human obstacles Business
13	A person who deals in ready made item is:	Manufacturer Worker Trader Distributor
14	If any person gets income on the basis of knowledge and skill then it is:	Business Economic activity Profession Trade
15	Which factor plays an important role in improving the standard of living of the people and economic development:	Trade Industry Commerce All the above

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