Question # 1

Trade means:

Choose an answer

Wholesaling

Retailing

Import and Export

All the three

Choose the correct important departments in an office

Choose an answer

Purchase department

Sales department

Advertising department

All the above

In which form of business organization, the element of secrecy is remained or maintained

Choose an answer

Partnership

Joint stock company

Sole tradership

None of the above

The time period of short time finance is:

Choose an answer

Two years

More than one year

One and half year

One or less than one year

Not important for sole proprietorship:

Choose an answer

Capital

Interest of owner

Audit

Workers

The life of tradership is:

Choose an answer

Long

Short

Defined/Fixed

Both long and short

The department is responsible for selling goods to the customers are called

Choose an answer

sales department

Purchase department

Administrative department

None of these

The management committee of society is elected by

Choose an answer

Shareholders

Government

The will of one person

All are correct

A business takes into account the following activities

Choose an answer

Economic

Non-economic

Social

None of these

An official letter should always be in a form of:

Choose an answer

Paragraphs

Sentences

Words

None of these

The machine of opening letters in business centers is called

Choose an answer

Mail opener

Folding machine

Punching machine

All are correct

In order to determine the size of a business we consider

Choose an answer

The availability of the capital

The demand of the goods

The capacity of production

All the above

The shares of co-operative society:

Choose an answer

Can be sold market

Cannot be solid in market

Can be used as security

All are correct

What remains among different sections due to offer:

Choose an answer

Link / contact

Coordination

Both

None of these

Export trade includes all the activities, which are performed in sending goods from one country to another country is called

Choose an answer

Import trade

Export trade

Foreign trade

None of these

Maximum number of shareholders in a multi-members private company

Choose an answer

Ten

Fifty

No limited

Twenty

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer