Question # 1

If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called:

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Bill of sight

Bill of lading

Bill of entry

Bill of order

The quantity of advertisements in a departmental store is

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More

Less

Reasonable

None

Commerce is related to:

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Distribution of goods

Sale of goods

Purchase of goods

All the above

How many kinds of official letter

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10

11

12

13

The style of an official letter is

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Personal / private

Individual

Non-individual

All of these

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

The receipt of public and bonded warehouses is used as

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Security

Business

Liability

None of these

If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:

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25 thousand

50 thousand

1 lakh

Nothing

How many types to indexing

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2

3

4

5

When both the parties are satisfied with the performance of each other then their deal comes to an end are called

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End of deal

Securing payment

Delivery of documents

Dispatching the documents

The bill of lading reveals the

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Legal ownership of goods

Price of goods

Government ownership of goods

None of the above

Letters are folded by

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Folding machine

Sealing machine

Stapler machine

All are correct

The first chamber of commerce in Britain was established in

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1773

1768

1789

1772

At least how many partners should have a limited liability in a limited partnership

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One

Two

Three

Four

The manufacturer wholesalers make their goods

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Themsleves

From others

Both a and b

None of the above

Middlemen means those persons who:

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

Buy items from manufacturer

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

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