Question # 1

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

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Interest

No interset

More share in profit

Salary

Success of a business office depends on:

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Bribery

Workers

Machines

None of these

An agentt means a person who:

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Producers goods himself

The wholesaler makes it easy for:

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Retailer

Manufacturers

Retailer and manufacturer

None of these

The reference number is written after writing the heading in the letter

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On left side

On right side

In the end

None of these

Maximum number of members in a co-operative society:

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Ten

Twenty

Fifty

None of these

The persons who work for the formation of company are called

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The owners

The employees

Thew promoters

The directors

Commerce means the activities which help in:

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Buying and selling of goods

Transportation of goods

Transferring goods from factory to consumers

None of the above

The company that insures is called:

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Insured

Acceptor

Proposer / Insurer

Business company

The letter sent for personal or domestic matters are called

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Formal letters

Routine letters

Personal letters

None of these

If any business organization is considered as a body then office is its

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Capital

Heart

Brain

None of these

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

In Pakistan, Joint stock company is formed under:

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The Act of 1978

The Act of 1982

The Act of 1984

The Act of 1990

The receipt of public and bonded warehouses is used as

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Security

Business

Liability

None of these

Whose role is important in trade:

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Trade

Producer

Consumer

All the three

The certificates of Modaraba are:

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Non-transferable

Transferable

Conditionally transferable

All of the above

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

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