Question # 1

To whom does the directors of a company submit the copy of profit and loss account

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Company's registrar

Company's auditor

Company's creditor

None of them

Success of a business office depends on:

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Bribery

Workers

Machines

None of these

Through correspondence, business:

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Expands

Contracts

Has negative effects

None of these

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

The important source of sending a voice message is

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Television

Radio

Video cassette

None of these

In sole tradership, the responsibility of loss is on

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The manger

Many people

A single person

The employees

Due to office machines

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Saving of time and lobour

Convenience in work

Increase in efficiency

All of these

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

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Capital

Heart

Brain

None of these

The principal of contribution is ot applicable in:

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Life insurance

Marineinsurance

Valued policy

Fireinsurance

Primary industry can be divided into two parts

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Extractive, genetics

Constructive, genetics

Extractive, secondary

Construcive, manufacturing

A public Ltd. company is included in the list of

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Business centre

Custom authorities

Stock exchange

Chamber of commerce

What are the advantages of mean of transportation

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Industrial development

Stability in price

Expansion of market

All the above

Insurance is an agreement in which the insurer:

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Gives profit

Give interest

Compensates loss

All the above

An import trader can get himself registered under:

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import and export control Act 1950

import and export control Act 1952

import and export control Act 1975

None of these

A joint stock company has the following characteristic:

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Delayed decisions

Payment of double tax

Limited liability of shareholders

All of the above

Choose the correct full form of C&F

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Cost & Freight

Cost & Feasibility

Carriage & Freight

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

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