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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The number of parts in a business letter:
Choose an answer
Seven
Five
Three
None of these
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Question # 2
Who provides the capital for co-operative society
Choose an answer
Government
Members
Banks
None of these
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Question # 3
A retailer sells goods to
Choose an answer
Consumer
Wholesaler
Manufacturer
All the above
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Question # 4
What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:
Choose an answer
6 months
9months
12months
16months
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Question # 5
Personal letters are divided into
Choose an answer
Two
Five
Seven
Nine
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Question # 6
Industry is the component of:
Choose an answer
Commerce
Trade
Business
Government service
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Question # 7
If any business organization is considered as a body, then office is its:
Choose an answer
Capital
Heart
Brain
None of these
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Question # 8
If the court declares the bankruptcy of any partner in partnership firm
Choose an answer
The partnership continues
The partnership becomes weak
The partnership becomes cancels
A new partner is admitted
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Question # 9
Mobile retailer is an ancient kind of:
Choose an answer
Wholesaling
Retailing
Agency
All of the above
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Question # 10
In sole tradership:
Choose an answer
The government provides finance
Only the trader provides finance
Many people collectively provide finance
The relatives provide finance
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Question # 11
What is written after salutation in business letter
Choose an answer
Name of business
Name of owner of business
Subject line
All the three
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Question # 12
To collective profit of wholesaler is
Choose an answer
Less
More
Reasonable
None of the above
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Question # 13
Who provides capital in sole proprietorship:
Choose an answer
Sole owner
Bank
Workers
Relatives
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Question # 14
A consumer has a direct link with
Choose an answer
Retailer
Wholesaler
Industrialist
Agent
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Question # 15
The wholesaler and retailer are called:
Choose an answer
Middleman (agents)
Merchant middlemen
Broker
Factor
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Question # 16
Due to advertisement, the sale of goods:
Choose an answer
Decreases
Increases
Remains same
Both (a) and (b) are possible
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