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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The minimum number of persons in a public ltd. company
Choose an answer
Thirty five
Fifty
Unlimited
Twenty
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Question # 2
In sole tradership, the responsibility of loss is on:
Choose an answer
The manger
Many people
A single person
The employees
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Question # 3
Due to machines, office work due becomes:
Choose an answer
Easy
Difficult
Remains the same
None of these
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Question # 4
Name the of kinds of filing
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Central and horizontal filing
Central and departmental filing
Horizontal and vertical filing
Central and vertical filing
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Question # 5
The most important document of a company is
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The memorandum
The articles
The prospectus
The accounts of company
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Question # 6
For the sale of goods, a businessman depends upon:
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The employees
The relatives
The demand of customers
None of these
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Question # 7
The directors are selected by:
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Shareholders
Promoters
Board of directors
All three can do
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Question # 8
Middlemen means those person who
Choose an answer
Buy goods from the retailer
Buy goods from the wholesaler
Help in transferring goods from producer to consumer
But items from manufacturer
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Question # 9
The memorandum of company is prepared by:
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Specialist
Promoters
Experts
All the above
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Question # 10
What is written on the bill of entry of goods
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Quantity and price
Value of insurance
Quality and type
None of the above
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Question # 11
The literal meaning of trade is
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Exchange
Buying and selling
Removal of human obstacles
Business
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Question # 12
A company formed by the royal order is:
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Modarba company
Chartered company
Statutory company
Registered company
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Question # 13
What is not necessary for a private company:
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Statutory meeting
Statutory report
Both (a) & (b)
None of these
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Question # 14
How many function of chamber
Choose an answer
17
18
19
20
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Question # 15
What remains among different sections due to offer:
Choose an answer
Link / contact
Coordination
Both
None of these
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Question # 16
The first chamber of commerce was established in America in
Choose an answer
1768
1773
1930
1980
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