Question # 1

The capital needed for a departmental store is:

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Less

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Mechanical

None of the above

The powers of directors and promoters are discussed in:

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MOA

AOA

Prospectus

All of these

Due to export trade:

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Increase in employment opportunities

Increase in foreign exchange

Relations with other countries establish

All of the above

The letters sent for personal or domestic matters are called.

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Formal letters

Routine letters

Personal letters

None of these

In horizontal filing, files are kept:

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In flat or horizontal position

In vertical position

Fixed with ribbon on cardboard

None of these

The characteristics of a good salesman:

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Sells goods at very high prices

Introduces goods in very goods manners

Sells goods on very low prices

Tells lie with customer about the qualities of product

The goods are sold in a chain store at

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One price

Different prices

Fixed price

All the above

Success of a business office depends on:

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Bribery

Workers

Machines

None of these

The debentures holders of the company are its:

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Workers

Managers

Directors

Creditors

the maximum number of partners in ordinary partnership:

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Ten

Twenty

Thirty

Forty

The minimum number of partners in a partnership are:

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Two

Four

Six

Ten

Who does write the delivery order:

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Exporter

Owner of goods at port

Importer's bank

Govt. agnet

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

The govt. has monopoly in

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Railway transport

Air transport

Road transport

Water transport

Choose the correct important departments in an office

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Purchase department

Sales department

Advertising department

All the above

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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