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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
What has to be bought in order to become shareholder of a company:
Choose an answer
Shares
Debentures
Dividend
None of these
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Question # 2
Partnership deed can be:
Choose an answer
Written
Oral
Written & Registered
All are correct
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Question # 3
Co-operative society is established under the following act:
Choose an answer
1920
1925
1930
1935
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Question # 4
Active partner in a partnership business:
Choose an answer
Invests but doesn'ttake part in the business
Neither invests nortakes part in the business
Invests andtakes part in the business
None of the above
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Question # 5
The cheapest source of foreign transportation for good
Choose an answer
Train
Air plane
Wagon
Railway
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Question # 6
Due to warehousing facility
Choose an answer
Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 7
On the death of the insured, sum is paid to
Choose an answer
Friends
Dependents
Relatives
Insurer
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Question # 8
Exact copy of letter or document can be taken from:
Choose an answer
Photo state machine
Automatic typemachine
Electric typemachine
Type writer
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Question # 9
The following has faster speed than hand typewiters:
Choose an answer
Electric type machine
Automatic type machine
Photo state machine
None of these
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Question # 10
Less capital is needed for which means of transport
Choose an answer
Water
Road
Air
All the above
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Question # 11
The persons who sell their purchased goods are called:
Choose an answer
Merchant middleman
Middlemanagents
Both (a) and (b)
Factor
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Question # 12
The minimum number of members in a co-operative society
Choose an answer
Two
Five
Ten
Twenty
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Question # 13
If the price of goods includes the expense till custom duty, it is called:
Choose an answer
Duty paid
Custom paid
Inbond
None of these
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Question # 14
In case of cumulative preference shares, the profit if not paid for one year is:
Choose an answer
Expired
Not Expired
Included in company's capital
None of the above
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Question # 15
Sole proprietorship is:
Choose an answer
Non-flexible
Flexible
Durable
None of these
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Question # 16
What remains among different sections due to offer:
Choose an answer
Link / contact
Coordination
Both
None of these
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