Question # 1

Which is the modern and developed means of transportation of goods and passengers:

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Water

Air

Land

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

The management committee of society is elected by:

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Members

Government

the will of one person

All the correct

Home trade does not include

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Producers

Wholesaler

Retailer

Importers

Kinds of filing are:

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Two

Three

Four

One

Maximum number of members in a co-operative society:

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Ten

Twenty

Fifty

None of these

Circular letter is a kind of:

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Official letter

Business letter

Both letters

None of these

Maximum number of shareholders in a multi-members private company

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Ten

Fifty

No limited

Twenty

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

The document issued by an authorized officer after counting and checking the loaded goods on ship

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Shipping order

Receipt order

Marine insurance

Bill of lading

Industry is the component of

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Commerce

Trade

Business

Government service

Trade means

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Wholesaling

Retailing

Import and export

All the three

The capital needed for a departmental store is

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Less

More

Mechanical

None of the above

Important types of means of transport are:

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Four

Three

Two

Five

The notice of special resolution must be given to the members

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21 days before

37 days before

33 days before

14 days before

Wholesalers buy and resell merchandize to retailers and other merchants and to industrial, institutional and commercial users, and do not sell in significant amount to ultimate consumers are called

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Wholesale trade

Retail trade

Proper wholesale

None of the above

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

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