Question # 1

A government company can be registered as:

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Private company

Public company

No need of registration

First two are correct

The method of fulfilling a claim is stated in:

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Letter of enquiry

Order letter

Complaint letter

None of these

How many qualities in a good filling system

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13

14

15

16

Sole proprietorship is:

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Non-flexible

Flexible

Durable

None of these

The minimum number of persons in a multimembers private company:

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Seven

Four

Two

Three

In the absence of agreement, a partner receives on extra capital:

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Interest

No interset

More share in profit

Salary

The minimum number of directors in a multi-members private ltd. company

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Five

Seven

Two

Not fixed

The basic aim of a co-operative society is

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To store goods

To earn profit

The welfare of members of society

All the above

The letters sent for personal or domestic matters are called.

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Formal letters

Routine letters

Personal letters

None of these

How many characteristics in official letters

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8

9

10

11

The expenses for the formation of sole tradership are

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Less

More

Almost none

Not at all

Which business organization can be dissolved through a legal procedure

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Sole tradership

Partnership

Joint stock company

None of these

The broker agent gets for his services:

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Commission

Profit

Surplus commission

Brokerage

Due to progress in home trade, the following problem is solved

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Water

Unemployment

Illiteracy

All of the above

Not included in communication machines

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Telephone

Dictation machine

Tele-printer

Folding machine

The businessman is:

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A trader

A producer

A distributor

A trader, producer and distributor

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

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