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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In home trade, the traders are related from
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One city
Two different cities of one country
Two different provinces of one country
All of the above
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Question # 2
Important types of means of transport are:
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Four
Three
Two
Five
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Question # 3
Industry is the component of
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Commerce
Trade
Business
Government service
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Question # 4
Limited partnership is formed under limited partnership act
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1897
1907
1917
1927
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Question # 5
Business can started after getting certificate of incorporation:
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Public company
Statutory company
Private company
All the above
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Question # 6
Two important components of the business
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Trade and commerce
Industry and commerce
Trade and industry
Profit and loss
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Question # 7
A person involved in different economic activities for the purpose of earning profit is called
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Business man
Trader
Industrialist
Professional
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Question # 8
A person who sells goods of merchant to another person is called
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Retailer
Middleman
Agent
Wholesaler
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Question # 9
What is written on the bill of entry of goods
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Quantity and price
Value of insurance
Quality and type
None of the above
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Question # 10
An ordinary resolution is passed for
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Winding up of company
Section of statutory company
Not announcing the dividend
All of them
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Question # 11
In Pakistan, a co-operative society is established under the following act:
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1920
1925
1930
1935
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Question # 12
The audit of a public limited company is
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Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 13
When did the partnership business come into being:
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1872
1880
1892
1902
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Question # 14
The minimum number of directors in a multi-members private ltd. company
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Five
Seven
Two
Not fixed
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Question # 15
How many kinds of wholesaler
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3
4
5
6
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Question # 16
How many types of business finance
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2
3
4
5
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