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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The expenses for the formation of sole tradership are
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Less
More
Almost none
Not at all
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Question # 2
In which form of business organization, the element of secrecy is remained or maintained
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Partnership
Joint stock company
Sole tradership
None of the above
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Question # 3
Trade is the component of:
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Commerce
Industry
Agriculture
None of these
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Question # 4
Limited partnership is formed under limited partnership act
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1897
1907
1917
1927
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Question # 5
In sole tradership:
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The government provides finance
Only the trader provides finance
Many people collectively provide finance
The relatives provide finance
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Question # 6
A sole proprietor may expand his business by:
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Employing more persons
Having a new shareholder
Both (a) and (b)
Having more shareholders
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Question # 7
Modaraba is established for a
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Limited period
Unlimited period
Both a and b
None of the above
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Question # 8
A sole proprietor forms his business after:
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The government's acceptance
Fulfilling the legal requirements
His own will
The permission of relative
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Question # 9
Not suitable for huge size and heavy goods:
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Air transport
Railwaytransport
Roadtransport
Watertransport
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Question # 10
Through correspondence, business
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Expands
Contracts
Has negative effects
None of these
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Question # 11
Success of a business office depends on
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Bribery
Workers
Machines
None of these
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Question # 12
A retailer buys and sells goods in
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Reasonable quantity
Abundant quantity
Less quantity
All the above
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Question # 13
Before selling, fruits are kept in:
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Home
Factory
Godown
Office
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Question # 14
Group insurance is popular among
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Unemployed people
Employed of business organizations
House wives
All the above
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Question # 15
Because of home trade, the goods are traded in:
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Half of the country
Whole country
One province
Foreign country
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Question # 16
The best form of a partnership deed is:
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Verbal
Written
Written and registered
None of the above
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