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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
Through correspondence, business:
Choose an answer
Expands
Contracts
Has negative effects
None of these
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Question # 3
On which type of shares a company gives the profit on preferential basis
Choose an answer
Ordinary shares
Preference shares
Elementary shares
On all the three
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Question # 4
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 5
Business can started after getting certificate of incorporation:
Choose an answer
Public company
Statutory company
Private company
All the above
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Question # 6
In case of cumulative preference shares, the profit if not paid for one year is
Choose an answer
Expired
Not expired
Included in company's capital
None of the above
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Question # 7
The sole tradership is a business organization:
Choose an answer
Modern times
Olden times
A combination of (a) and (b)
All the above
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Question # 8
The powers of directors and promoters are discussed in:
Choose an answer
MOA
AOA
Prospectus
All of these
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Question # 9
Because of foreign trade, the demand for national/ home products
Choose an answer
Reduces
Increases
Remains normal
Both a and b
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Question # 10
Business finance can be divided into following parts according to term
Choose an answer
Four
Two
Three
Six
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Question # 11
Due to advertisement:
Choose an answer
Number of customer increases
Number of customer reduces
Number of customer remains the same
The old customers leave
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Question # 12
In demi-official letter, an addressee is addressed by his
Choose an answer
Post
Name
Surname
All are correct
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Question # 13
Due to advertisement, the unemployment
Choose an answer
Lessens
Increases
Remains un-effected
Ends or disappears
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Question # 14
Typewriter was invented in
Choose an answer
1870
1873
1973
None of these
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Question # 15
If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called
Choose an answer
Open indent
Close indent
Both a and b
None of these
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Question # 16
In the absence of agreement, a partner receives on extra capital:
Choose an answer
Interest
No interset
More share in profit
Salary
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