Question # 1

The small retailers work

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At one place

In streets

On medium scale

On large scale

How many types of Modaraba

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2

3

4

5

If the goods and services are sold to the trader pf another country then it is called

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Import trade

Export trade

Foreign trade

None of these

Kinds of letters are:

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Two

Three

Four

None of these

Because of home trade, the goods are traded in:

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Half of the country

Whole country

One province

Foreign country

For the sale of goods, a businessman depends upon

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The employees

The relatives

The demand of customers

None of these

The memorandum of company is prepared by:

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Specialist

Promoters

Experts

All the above

The objective of a statutory meeting is:

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To raise funds

To settle preferences

To win the confidence of company's shareholders

To sell the shares

Active partner in a partnership business

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Invests but doesn't take part in the business

Neither invests nor takes part in the business

Invests and takes part in the business

None of the above

A manufacturer wholesalers make their goods:

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Themselves

From others

Both (a) and (b)

None of the above

Business finance can be divided into following parts according to term

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Four

Two

Three

Six

An official letter should always be in a form of

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Paragraphs

Sentences

Words

None of these

In Pakistan, a co-operative society is established under the following act:

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1920

1925

1930

1935

A sales remains successful in his profession if he:

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Has intension to earn profit

Has devotion of work

Does not have intension to ear profit

Tells lie more

The liability of members in co-operative society is generally:

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Limited

Unlimited

Both (a) and (b)

None

If the price and quality of goods alongwith other factors are decided before the execution of order then it is called

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Close indent

Open indent

Both a and b

None of these

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

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