Question # 1

Industry includes those activities which are related to:

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

The chamber of commerce and industry is formed for

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Commerce

Trade

Industrial activities

All the above

Important types of means of transport are:

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Four

Three

Two

Five

The owner of a company are

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The employees of company

The debentureholders

The shareholders

The creditors

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

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

Co-operative society started in

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1840

1844

1845

1850

The powers of directors and promoters are discussed in:

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MOA

AOA

Prospectus

All of these

The style of an official letter is

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Personal / private

Individual

Non-individual

All of these

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

The members of chamber of commerce and industry can be

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Local persons

Foreign persons

Both

None of these

Choose the full form of F.A.S

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Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

The participants in sole tradership are/is

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One

Two

Three

Five

The document issued by an authorized officer after counting and checking the loaded goods on ship

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Shipping order

Receipt order

Marine insurance

Bill of lading

If the court declares the bankruptcy of any partner in partnership firm

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The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

A co-operative society is established by:

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Government institutions

Capitalists

Financially weak consumer

All the people

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

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