11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	The real or actual proprietor or owner of goods is	Agent Principal Both a and b None of these
2	An agent who is helpful in the sale and purchase of shares	Clearing agent Underwriter Forwarding agent Auctioneer
3	An agent appointed for sending goods to other countries is called	Export agent Import agent Forwarding agent Clearing agent
4	A person who sells goods of merchant to another person is called	Retailer Middleman Agent Wholesaler
5	The broker agent gets for his services	Commission Profit Surplus commission Brokerage
6	An agent who can receive the payment from buyer	Clearing agent Export agent Factor Underwriter
7	The agent appointed for the sale of goods	Broker Auctioneer Factor Underwriter
8	The agent who sells and buys goods of all kinds is called	Commission agent Underwriter Broker Exporting agent
9	The remuneration of an agent is called	Wages Profit Salary Commission
10	An agent means a person who	Buys goods from manufacturer Buys and sells goods Renders services to other organizations Produces goods himself
11	Middlemen means those person who	Buy goods from the retailer Buy goods from the wholesaler Help in transferring goods from producer to consumer But items from manufacturer
12	What is prepared by the exporter on the settlements of matters	Invoice Consular invoice Certificate of origin All of these
13	Who does accept an indent	Exporter Importer Government None of these
14	The indent is also called	marine insurance policy Inquiry letter Bill of lading None of these
15	The methods of selling goods in foreign countries	Advertisement Personal visit Travelling agents All of the above

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