Question # 1

The best form of a partnership deed is:

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Verbal

Written

Written and registered

None of the above

The objective of non-economic activities is to

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serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

The departmental stores are generally found

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Outside the city

In important centers of the city

In center of the city

In all areas

In the absence of agreement, a partner receives for taking part in business:

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Remuneration

No remuneration

More Profit

Interest

Two important components of the business:

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

Kinds of home trade

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Two

Three

Four

Five

Active partner in a partnership business

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Invests but doesn't take part in the business

Neither invests nor takes part in the business

Invests and takes part in the business

None of the above

Liability of shareholders in a joint stock company is

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Limited

Unlimited

None

All are correct

Who can be a director of a company

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Immature/Minor

Artificial person

Representative of the creditor

Insolvent person

State the procedure or steps of exporting goods are

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Obtaining and acceptance of indent

Registration

Obtaining license

All of these

All the sections of a departmental store can be found in:

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Four buildings

Two buildings

One buildings

Many buildings

The following letter is written to draw the personal attention of addressee:

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Official letter

Demi-official letter

Reminder

Formal letter

A process of classifying and arranging records so that they can be obtained without delay is called

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Index

Filling

Both a and b

None of these

Business finance can be divided into following parts according to term

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Four

Two

Three

Six

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

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

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