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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The minimum number of persons in a listed public company:
Choose an answer
Seven
Eleven
Five
Two
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Question # 2
The businessman is
Choose an answer
A trader
A producer
A distributor
A trader, producer and distributor
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Question # 3
Industry includes those activities which are related to:
Choose an answer
Selling and buying of goods
Sale of goods
Preparation of goods and services
All the above
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Question # 4
Which business organization requires legal permission for commencement:
Choose an answer
Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 5
To increase business, small packets of goods are and distributed among the people at:
Choose an answer
Less price
Free of cost
Original price
More profit
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Question # 6
The sum of marine insurance is not paid
Choose an answer
If the ship changes direction
If the ship is not capable of the voyage
Trade is unnecessary
All these three
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Question # 7
Factor are the:
Choose an answer
Customers of business
Servants of business
Debtors of business
Persons who take responsibility of receiving money from debtors
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Question # 8
An ordinary resolution is passed for
Choose an answer
Winding up of company
Section of statutory company
Not announcing the dividend
All of them
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Question # 9
The basic objective of business is
Choose an answer
Exchange
Earning profit
Service to the society
Earning foreign exchange for the govt
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Question # 10
Filing means
Choose an answer
Systematic preservation of records
Non-systematic preservation of records
End of business documents
To run business in a profitable way
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Question # 11
If any person gets income on the basis of knowledge and skill then it is
Choose an answer
Business
Economic activity
Profession
Trade
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Question # 12
The profit given to shareholder on their investment by a company is called:
Choose an answer
Debenture
Share
Dividend
Bonus
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Question # 13
An import trader can get himself registered under
Choose an answer
Import and export control act 1950
Import and export control act 1952
Import and export control act 1975
None of these
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Question # 14
The following has faster speed than hand typewriter
Choose an answer
Electric type machine
Automatic type machine
Photo state machine
None of these
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Question # 15
Who does accept and indent:
Choose an answer
Exporter
Importer
Government
None of these
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Question # 16
How many important terms of import trade
Choose an answer
18
19
20
21
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