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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The company that insures is called
Choose an answer
Insured
Acceptor
Propose/ Insurer
Business company
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Question # 2
Letters are folded by:
Choose an answer
Folding machine
Sealingmachine
Staplermachine
All are correct
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Question # 3
Commerce is the component of
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Industry
Trade
Business
Government service
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Question # 4
A charter party is
Choose an answer
A contract to reserve a ship for carrying goods
Application for opening the letter of credit
Letter of indemnity
All the three
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Question # 5
A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called
Choose an answer
Duty paid
In bond price
Custom duties
Excise duty
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Question # 6
According to work, the main types of machines:
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Two
Three
Four
Five
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Question # 7
How many sub-classification of proper wholesaler
Choose an answer
4
5
6
7
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Question # 8
The person who makes arrangements for the departure of goods
Choose an answer
Forwarding agent
Clearing agent
Commission agent
Underwriter
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Question # 9
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 10
Due to warehousing facility
Choose an answer
Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 11
Commerce means the activities which help in
Choose an answer
Buying and selling of goods
Transportation of goods
Transferring goods from factory to consumers
None of the above
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Question # 12
In demi-official letter, an addressee is addressed by his:
Choose an answer
Post
Name
Surname
All are correct
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Question # 13
The receipt of public and bonded warehouses is used as
Choose an answer
Security
Business
Liability
None of these
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Question # 14
Less capital is needed for which means of transport
Choose an answer
Water
Road
Air
All the above
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Question # 15
the maximum number of partners in ordinary partnership:
Choose an answer
Ten
Twenty
Thirty
Forty
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Question # 16
The expenses of mall retailers are:
Choose an answer
Less
Normal
More
None
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