11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Because of foreign trade, the demand for national/ home products	Reduces Increases Remains normal Both a and b
2	Who does write the delivery order	Exporter Owner of goods at port Importer's bank Govt. agent
3	A charter party is	A contract to reserve a ship for carrying goods Application for opening the letter of credit Letter of indemnity All the three
4	What is written on the bill of entry of goods	Quantity and price Value of insurance Quality and type None of the above
5	What does happen after the exchange of goods	Development of cordial relations between the countries More chances of fight or war Economic crises arise Scarcity of goods
6	What is prepared after sending the goods	Bill of lading Invoice Receipt of mate All of these
7	How many copies of bill of lading are prepared	Two Three Four Five
8	Because of international trade, the less developed countries make progress	Economically Politically Stately/republically None of the above
9	The bill of lading reveals the	Legal ownership of goods Price of goods Government ownership of goods None of the above
10	In case of emergency, foreign trade makes the supply of goods	Easy Difficult Unimportant Important
11	Due to foreign trade, the less developed countries	Becomes international slaves Do not progress Do not live along None of these
12	The departmental stores are generally found	Outside the city In important centers of the city In center of the city In all areas
13	The capital needed for a departmental store is	Less More Mechanical None of the above
14	The goods are sold in a chain store at	One price Different prices Fixed price All the above
15	A consumer has a direct link with	Retailer Wholesaler Industrialist Agent

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