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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A retailer generally buys goods from the:
Choose an answer
Government
Wholesaler
Industrialist
All the above
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Question # 2
The minimum number of partners in banking business are
Choose an answer
Ten
Twenty
Thirty
Fifty
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Question # 3
Human activities consist of following activities:
Choose an answer
Un-commended
Commanded
Commanded and un-commanded
None of the above
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Question # 4
A co-operative society is established by
Choose an answer
Government institutions
Capitalist
Financially weak consumer
All the people
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Question # 5
For how much time the directors are selected in a public ltd. company
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2 years
3 years
7 years
10 years
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Question # 6
The following letter is written to draw the personal attention of addressee
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Official letter
Demi-official letter
Reminder
Formal letter
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Question # 7
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 # 8
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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Question # 9
Economic activity which gives:
Choose an answer
Predetermined income
Fixed income
Both (a) and (b)
None of these
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Question # 10
The goods are sold in a chain store at:
Choose an answer
One price
Different prices
Fixed price
All the above
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Question # 11
Why does issue the certificate of origin for exporting goods
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Chamber members
Town association
Chamber of commerce and industry
Associate members
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Question # 12
How many problem in home trade
Choose an answer
7
8
9
10
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Question # 13
Two important components of the business
Choose an answer
Trade and commerce
Industry and commerce
Trade and industry
Profit and loss
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Question # 14
If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called
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Bill of sight
Bill of lading
Bill of entry
Bill of order
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Question # 15
The minimum number of persons in a public ltd. company
Choose an answer
Thirty five
Fifty
Unlimited
Twenty
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Question # 16
The capital needed for a departmental store is:
Choose an answer
Less
More
Mechanical
None of the above
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