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	Income from business is called:	Profit Interest Satisfaction Utility
2	What does a business organization mean:	Sole tradeship Partnership Joint stock company All the above
3	Economic activity which gives:	Predetermined income Fixed income Both (a) and (b) None of these
4	For the sale of goods, a businessman depends upon:	The employees The relatives The demand of customers None of these
5	A business takes into account the following activities:	Economic Non-economic Social None of these
6	In order of determine the size of a business we consider:	The availability of the capital The demand of the goods The capacity of production All the above
7	The businessman is:	A trader A producer A distributor A trader, producer and distributor
8	The objective of non-economic activities is to:	Serve the society Earn profit Serve the society beside spiritual satisfaction Earning the fame
9	Economic activities mean:	Business Business and profession Business, profession and employment None of the above
10	Human activities consist of following activities:	Un-commended Commanded Commanded and un-commanded None of the above
11	The basic objective of business is:	Exchange Earning Profit Service to the society Earning foreign exchange for the govt.
12	How many kinds of official letter	10 11 12 13
13	In demi-official letter, an addressee is addressed by his	Post Name Surname All are correct
14	The following letter is written to draw the personal attention of addressee	Official letter Demi-official letter Reminder Formal letter
15	The salutation and complimentary close are not used in	Private letters Reminder Govt. memo None of these

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