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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The international trade is entirely dependent to:
Choose an answer
Agricultural development
Industrialdevelopment
Means of transportation
Warehousing
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Question # 2
the maximum number of partners in ordinary partnership:
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Ten
Twenty
Thirty
Forty
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Question # 3
Due to advertisement, quality products are avail able at
Choose an answer
Reasonable price
Low price
High price
None of the above
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Question # 4
The time period of rural insurance policy is:
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15 - 20 years
10 - 15years
20 - 25years
More than 25 years
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Question # 5
Public and bonded warehouses are generally built near the
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Ports
markets
Industries
Residential colonies
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Question # 6
The audit of a public limited company is
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Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 7
The membership of chamber is given to
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Large industrial and commercial associations
Medium industrial and commercial associations
Small industrial and commercial associations
All the above
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Question # 8
What does happen after the exchange of goods
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Development of cordial relations between the countries
More chances of fight or war
Economic crises arise
Scarcity of goods
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Question # 9
Holding company is a company which has:
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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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Question # 10
Who does accept an indent
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Exporter
Importer
Government
None of these
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Question # 11
How many characteristics of home trade in our book
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10
11
12
13
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Question # 12
Generally vowel letters help in
Choose an answer
Filing
Horizontal filing
Indexing
All are wrong
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Question # 13
What are the possibilities to wind up a company:
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Voluntary winding up
Voluntary winding up under the supervision of court
Violent winding up by the court
All of them
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Question # 14
The directors are selected by
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Shareholders
Promoters
Board of directors
All three can do
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Question # 15
Liability of shareholders in a joint stock company is
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Limited
Unlimited
None
All are correct
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Question # 16
The quantity of goods in the godown of wholesaler is
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Reasonable
More
Less
None
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