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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
A word "private" is not used by:
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 2
The objective of non-economic activities is to:
Choose an answer
Serve the society
Earn profit
Serve the society beside spiritual satisfaction
Earning the fame
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Question # 3
Less capital is needed for which means of transport:
Choose an answer
Water
Road
Air
All the above
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Question # 4
Paid premium is refundable in case of:
Choose an answer
Life insurance
Fire insurance
Valued policy
Marine insurance
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Question # 5
Not in home trade
Choose an answer
Tax saving
Foreign currency
Stability in price
Decrease in expenditures
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Question # 6
The shares of a joint stock company are:
Choose an answer
Transferable
Not for common person
Of high value
All are correct
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Question # 7
The management committee of society is elected by:
Choose an answer
Members
Government
the will of one person
All the correct
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Question # 8
The capital needed for a departmental store is
Choose an answer
Less
More
Mechanical
None of the above
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Question # 9
Due to foreign trade, the less developed countries
Choose an answer
Becomes international slaves
Do not progress
Do not live along
None of these
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Question # 10
The advertisement
Choose an answer
Increases money
Saves money
Is wastage of money
Decreases money
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Question # 11
Different products are sent to final consumers through
Choose an answer
Manufacturer
Trader
Means of transportation
Both a and b
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Question # 12
Sole proprietorship is:
Choose an answer
Non-flexible
Flexible
Durable
None of these
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Question # 13
Creates link between the manufacturer and consumer:
Choose an answer
Retailers
Wholesalers
Agents
Middlemen
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Question # 14
Industry is the component of:
Choose an answer
Commerce
Trade
Business
Government service
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Question # 15
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 # 16
For the poor, advisement is:
Choose an answer
Non-effective
Reason of happiness
Cause of financial tention and despair
Wastage of time
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