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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Relation of the owner/principal with the workers and consumers in sole proprietorship are:
Choose an answer
Not developed
Direct
Indirect
Not good (worst)
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Question # 2
Business finance can be divided into following parts according to term
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Four
Two
Three
Six
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Question # 3
Messages are sent from one place to another immediately by:
Choose an answer
Personal visit
Telephone
Tele-printer
None of these
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Question # 4
A person who deals in ready made item is:
Choose an answer
Manufacturer
Worker
Trader
Distributor
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Question # 5
Choose the characteristics of warehouse
Choose an answer
Proper space
Proper location
Transport facility
All the above
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Question # 6
The important source of sending a voice message is:
Choose an answer
Television
Radio
Video cassette
None of these
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Question # 7
The number of important and unimportant parts of a business letter can be:
Choose an answer
Ten
Fourteen
Seven
None of these
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Question # 8
After the formation of a company, what is the first meeting of shareholders is called
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Statutory meeting
Annual general meeting
Extra ordinary meeting
None of these
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Question # 9
We can transfer more goods through which means of transport
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Railway
Truck
Air plane
Wagon
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Question # 10
Number of local chambers of commerce and industry in Pakistan after establishment
Choose an answer
2
5
7
12
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Question # 11
A business takes into account the following activities:
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Economic
Non-economic
Social
None of these
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Question # 12
The sum of marine insurance is not paid:
Choose an answer
If the ship changes direction
If the ship is not capable of the voyage
Trade is unneccssary
All these three
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Question # 13
What does a company issue to get loan from the public
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Shares
Debentures
Dividend
All the three
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Question # 14
The partners who participate in the business but people don't know them are:
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Silent partners
Non active partners
Nominal partners
Active partner
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Question # 15
Due to office machines
Choose an answer
Saving of time and lobour
Convenience in work
Increase in efficiency
All of these
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Question # 16
Holding company is a company which has
Choose an answer
No shares of other company
Less than 50% shares of other company
More than 50% shares of other company
50% shares of other company
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