More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Office means a place where:
Choose an answer
Organization's records / papers are kept
Workers take rest
Visitors wait
Clerical work is done besides keeping records
Previous
Skip
Next
Question # 2
Economic activity which gives
Choose an answer
Predetermined income
Fixed income
Both a and b
None of these
Previous
Skip
Next
Question # 3
The members of chamber of commerce and industry can be:
Choose an answer
Local persons
Foreign persons
Both
None of these
Previous
Skip
Next
Question # 4
A wholesaler buys goods in:
Choose an answer
Reasonable quantity
Abundant quantity
Less quantity
Does not buy or sell
Previous
Skip
Next
Question # 5
There is an increase in following production because of home trade:
Choose an answer
Foreign
National
Regional
Domestic
Previous
Skip
Next
Question # 6
Trade means
Choose an answer
Wholesaling
Retailing
Import and export
All the three
Previous
Skip
Next
Question # 7
The producer puts the burden of advertisement expense on
Choose an answer
Himself
Consumers
Wholesaler and retailer
Both a and b
Previous
Skip
Next
Question # 8
A consumer has a direct link with
Choose an answer
Retailer
Wholesaler
Industrialist
Agent
Previous
Skip
Next
Question # 9
The style of an official letter is:
Choose an answer
Personal / private
Individual
Non-individual
All of these
Previous
Skip
Next
Question # 10
Which business organization can be dissolved through a legal procedure
Choose an answer
Sole tradership
Partnership
Joint stock company
None of these
Previous
Skip
Next
Question # 11
People who run the management of a joint stock company are
Choose an answer
Shareholders
Creditors
Directors
Debentureholders
Previous
Skip
Next
Question # 12
How many sources of business finance
Choose an answer
2
3
4
5
Previous
Skip
Next
Question # 13
How many types of Modaraba
Choose an answer
2
3
4
5
Previous
Skip
Next
Question # 14
How many functions of an office
Choose an answer
12
13
14
15
Previous
Skip
Next
Question # 15
Commerce and business:
Choose an answer
The scope of business is wider than commerce
The scope of commerce is wider than business
Both have the same scope
Both have a wider scope than each other
Previous
Skip
Next
Question # 16
Which is the modern and developed means of transportation of goods and passengers:
Choose an answer
Water
Air
Land
All the above
Previous
Skip
Next
Back