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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Choose the function of warehouse
Choose an answer
Stability in price
Sampling
Risk bearing
All the above
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Question # 2
The liability of shareholders in co-operative society
Choose an answer
Limited
Unlimited
Both a and b
None
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Question # 3
Advertisement means:
Choose an answer
Production of goods
Sale of goods
Introduction of goods / products
Spoilage of goods
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Question # 4
The management committee of society is elected by:
Choose an answer
Members
Government
the will of one person
All the correct
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Question # 5
What is written on the bill of entry of goods:
Choose an answer
Quantity and price
Value of insurance
Quality and type
None of the above
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Question # 6
Due to warehousing facility
Choose an answer
Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 7
The wholesaler informs the public about the products through:
Choose an answer
Letters
Telephone
Advertisement
All the above
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Question # 8
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 # 9
An agentt means a person who:
Choose an answer
Buys goods from manufacturer
Buys and sells goods
Renders services to other organizations
Producers goods himself
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Question # 10
The expenses for the formation of sole tradership are
Choose an answer
Less
More
Almost none
Not at all
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Question # 11
An agent means a person who
Choose an answer
Buys goods from manufacturer
Buys and sells goods
Renders services to other organizations
Produces goods himself
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Question # 12
The international trade is entirely dependent to
Choose an answer
Agricultural development
Industrial development
Means of transportation
Warehousing
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Question # 13
The source of importing goods
Choose an answer
Wholesaler
Indent firm
Foreign purchase office
All the above
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Question # 14
Office means a place where
Choose an answer
Organization's records/papers are kept
Workers take rest
Visitors wait
Clerical work is done besides keeping records
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Question # 15
How many methods of filing
Choose an answer
2
3
4
5
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Question # 16
Modarba company is formed under:
Choose an answer
Modarba companies ordinance 1980
Modarba companies ordinance 1984
Modarba companies ordinance 1960
Modarba companies ordinance 1970
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