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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The capital needed for a departmental store is
Choose an answer
Less
More
Mechanical
None of the above
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Question # 2
A departmental store is the developed form of:
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Retailers
Wholesalers
Industrialists
Co-operative society
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Question # 3
Secondary industry can be divided into two parts
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Constructive, extractive
Constructive, manufacturing
Extractive, genetics
Constructive, genetics
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Question # 4
An official letter is a cheap means of communication as compared to other means due to its less cost
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Cheap means
Settlement of disputes
Written proof
None of these
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Question # 5
In Pakistan, Joint stock company is formed under
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The ordinance of 1978
The ordinance of 1982
The ordinance of 1984
The ordinance of 1990
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Question # 6
The person to whom the letters is writen is.
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Addresses
Attention line
Truly
None of these
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Question # 7
When goods are received in home country after purchasing them from other countries is called
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Import trade
Export trade
Both a and b
None of these
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Question # 8
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
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Question # 9
The businessman is
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A trader
A producer
A distributor
A trader, producer and distributor
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Question # 10
All the section of a departmental store can be found in
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Four buildings
Two buildings
One buildings
Many buildings
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Question # 11
If any person gets income on the basis of knowledge and skill then it is
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Business
Economic activity
Profession
Trade
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Question # 12
Short term financing helps in meeting the:
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Seasonal requirements of business
Emergency expenses
Both (a) and (b)
None of these
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Question # 13
Due to foreign trade, the less developed countries:
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Becomes international slaves
Do not progress
Do not live alone
None of these
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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
In Modaraba the person who works is called
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Worker
Principle
Rab-ul-Mal
Modarib
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Question # 16
An extra message is added at the end of letter called
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T.C
P.S
T.S
C.C
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