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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Types of accidental insurance are:
Choose an answer
Four
Two
Three
One
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Question # 2
What is prepared by the exporter on the settlements of matters
Choose an answer
Invoice
Consular invoice
Certificate of origin
All of these
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Question # 3
Due to machines, office work due becomes
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Easy
Difficult
Remains the same
None of these
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Question # 4
In Pakistan, a co-operative society is established under the following act
Choose an answer
1920
1925
1930
1935
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Question # 5
What is written in business letter after complimentary close:
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Signature
Saluation
Subject
Name of addressee
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Question # 6
Group insurance is popular among
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Unemployed people
Employed of business organizations
House wives
All the above
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Question # 7
The truck jobers has a business of
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Electronics or furniture
Medicines
Eatables
Sports goods
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Question # 8
The principal of contribution is ot applicable in:
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Life insurance
Marineinsurance
Valued policy
Fireinsurance
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Question # 9
A retailer sells goods to:
Choose an answer
Consumer
Wholesaler
Manufacturer
All the above
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Question # 10
The time recording machine is used in:
Choose an answer
Industrial concerns
Colleges
Hospitals
All are correct
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Question # 11
Who cannot be a member of co-operative society
Choose an answer
Govt. Servant
Illiterate person
Minor person
None of these
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Question # 12
Choose the members of chamber
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Chamber members
Associate members
Group members
All of the above
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Question # 13
A retailer generally buys goods from the:
Choose an answer
Government
Wholesaler
Industrialist
All the above
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Question # 14
Modaraba is established for a
Choose an answer
Limited period
Unlimited period
Both a and b
None of the above
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Question # 15
What does a business organization mean
Choose an answer
Sole tradership
Partnership
Joint stock company
All the above
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Question # 16
The maximum capital of the company stated in its memorendum:
Choose an answer
Paid up capital
Subscribed capital
Authorized capital
All are correct
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