Question # 1

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

What is not necessary for a private company:

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Statutory meeting

Statutory report

Both (a) & (b)

None of these

Due to advertisement, quality products are avail able at

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Reasonable price

Low price

High price

None of the above

The minimum number of persons in a multimembers private company:

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Seven

Four

Two

Three

Due to progress in home trade, the following problem is solved:

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Water

Unemployment

Illitracy

All of the above

Before selling, fruits are kept in

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Home

Factory

Godown

Office

The letter sent for personal or domestic matters are called

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Formal letters

Routine letters

Personal letters

None of these

Due to advertisement, quality products are available at:

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Reasonable price

Low price

High price

None of the above

If any business organization is considered as a body then office is its

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Capital

Heart

Brain

None of these

The following has faster speed than hand typewiters:

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Electric type machine

Automatic type machine

Photo state machine

None of these

Because of an organized office, business

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Expands/widens

Contracts

remains unchanged

None of these

Business finance can be divided into following parts according to term:

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Four

Two

Three

Six

The basic objective of business is:

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Exchange

Earning Profit

Service to the society

Earning foreign exchange for the govt.

How many important terms of import trade

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18

19

20

21

In which form of business organization, the element of secrecy is maintained:

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Partnership

Joint stock company

Sole tradership

None of the above

Types of warehouses are

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Six

Seven

Three

Two

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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