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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The person to whom the letter is written is
Choose an answer
Addressee
Attention line
Truly
None of these
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Question # 2
How many qualities in a good filling system
Choose an answer
13
14
15
16
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Question # 3
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 # 4
The minimum number of persons in a multimembers private company:
Choose an answer
Seven
Four
Two
Three
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Question # 5
Who can be a director of a company:
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Immature / Minor
Artificial person
Representative of the creditor
Insolvent person
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Question # 6
An agent appointed for sending goods to other countries is called:
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Export agnet
Import agent
Forwarding agent
Clearing agent
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Question # 7
Success of a business office depends on:
Choose an answer
Bribery
Workers
Machines
None of these
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Question # 8
The machine of opening letters in business centers is called:
Choose an answer
Mail opener
Foldingmachine
Punchingmachine
All are correct
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Question # 9
A retailer buys and sells goods in
Choose an answer
Reasonable quantity
Abundant quantity
Less quantity
All the above
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Question # 10
Which company can issue the shares to public
Choose an answer
Chartered company
Public ltd. company
Private company
All the above
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Question # 11
Musharika is based on Islamic
Choose an answer
Concept of interest
Concept of non-interest
Both included
None of both
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Question # 12
The profit given to shareholder on their investment by a company is called:
Choose an answer
Debenture
Share
Dividend
Bonus
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Question # 13
The real or actual proprietor or owner of goods is
Choose an answer
Agent
Principal
Both a and b
None of these
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Question # 14
Which documents are prepared by the exporter after the settlement of affairs are
Choose an answer
Invoice
Consular invoice
Certificate of origin
All of them
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Question # 15
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 16
When did the partnership business come into being
Choose an answer
1872
1880
1892
1902
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