Question # 1

A joint stock company has the following characteristic:

Choose an answer

Delayed decisions

Payment of double tax

Limited liability of shareholders

All of the above

Methods of filing:

Choose an answer

Horizonal and vertical

Arch and horizontal

Arch and vertical

None of these

The indent is also called

Choose an answer

marine insurance policy

Inquiry letter

Bill of lading

None of these

In Modaraba the person who works is called

Choose an answer

Worker

Principle

Rab-ul-Mal

Modarib

Which business organization requires legal permission for commencement

Choose an answer

Sole tradership

Partnership

Joint stock company

None of these

The word "Private" is not used by

Choose an answer

A statutory company

A public company

A chartered company

All the above

Income from business is called

Choose an answer

Profit

Interest

Satisfaction

Utility

What is prepared after sending the goods

Choose an answer

Bill of lading

Invoice

Receipt of mate

All of these

Small and medium scale industrial and trade centers are given the name of

Choose an answer

Group members

Chamber members

Associate members

None of these

The writing style of official letters is typical and definite. Moreover, the language of body in letter is always formal is called

Choose an answer

Typical style

Conciseness

Correctness

Simplicity

A charter party is:

Choose an answer

A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

The expenses of mall retailers are:

Choose an answer

Less

Normal

More

None

The goods are sold in a chain store at

Choose an answer

One price

Different prices

Fixed price

All the above

In Pakistan, Joint stock company is formed under

Choose an answer

The ordinance of 1978

The ordinance of 1982

The ordinance of 1984

The ordinance of 1990

Limited partnership is formed under limited partnership act

Choose an answer

1897

1907

1917

1927

In vertical fling, files are kept:

Choose an answer

None of these

In alphabetical order

In standing or vertical position

In numerical order

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