Question # 1

Which one is the fastest transport:

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Water

Air

Land

All the above

The real or actual proprietor or owner of goods is

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Agent

Principal

Both a and b

None of these

The time period of rural insurance policy is

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15 - 20 years

10 - 15 years

20 - 25 years

More than 25 years

In sole tradership, the derisions are held:

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Balatedly

Without and delay

After the meeting of administration

With the suggestions of relatives

Commerce and business

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The scope of business is wider than commerce

The scope of commerce is wider than business

Both have the same scope

Both have a wider scope than each other

The objective of a statutory meeting is:

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To raise funds

To settle preferences

To win the confidence of company's shareholders

To sell the shares

The memorandum and articles of company are:

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Two names of the same document

Two different documents

They are not documents

Both have the same objective

What is written on the bill of entry of goods:

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Quantity and price

Value of insurance

Quality and type

None of the above

The language of official letter is generally

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Typical

Definite

Both

Courteous

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

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Capital

Heart

Brain

None of these

A public ltd. company is included in the list of:

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Business center

Custom authorities

Stock exchange

Chamber of commerce

A salesman remains successful in his perfession if he

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Has intension to earn profit

Has devotion of work

Does not have intension to earn profit

Tells lie more

In Pakistan, Joint stock company is formed under

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The ordinance of 1978

The ordinance of 1982

The ordinance of 1984

The ordinance of 1990

How many advantages of home trade in text book

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20

21

22

23

The letters sent for personal or domestic matters are called:

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Formal letters

Routine letters

Personalletters

None of these

The quantity of goods in the godown of wholesaler is:

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Reasonable

More

Less

None

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

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