Question # 1

Less capital is needed for which means of transport

Choose an answer

Water

Road

Air

All the above

Types of warehouses are:

Choose an answer

Six

Seven

Three

Two

The minimum number of partners in a partnership are:

Choose an answer

Two

Four

Six

Ten

Active partner in a partnership business:

Choose an answer

Invests but doesn'ttake part in the business

Neither invests nortakes part in the business

Invests andtakes part in the business

None of the above

Due to advertisement, the unemployment

Choose an answer

Lessens

Increases

Remains un-effected

Ends or disappears

Commerce is the component of

Choose an answer

Industry

Trade

Business

Government service

Commerce is related to:

Choose an answer

Distribution of goods

Sale of goods

Purchase of goods

All the above

Why is public not inclined towards insurance in Pakistan ?

Choose an answer

Due to ignorance

Due to poverty

Due to economic backwardness

All three

What is excluded from a co-operative society:

Choose an answer

Consumer

Retailer

Wholesaler

Capitalist

Who provides the capital for co-operative society:

Choose an answer

Government

Members

Banks

None of these

A person involved in different economic activities for the purpose of earning profit is called

Choose an answer

Business man

Trader

Industrialist

Professional

For the sale of goods, a businessman depends upon

Choose an answer

The employees

The relatives

The demand of customers

None of these

Trade is an activity of buying ans selling of goods for money or other goods are called

Choose an answer

Trade

Home trade

Foreign trade

None of the above

The liability of a partner in partnership is normally:

Choose an answer

Limited

Unlimited

Not at all

all the above

Personal letters are divided into

Choose an answer

Two

Five

Seven

Nine

The person who gets himself insured is called:

Choose an answer

Insured

Proposer

Insurance policy

Both (a) and (b)

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