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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The audit of a public limited company is:
Choose an answer
Not necessary
Necessary on yearly basis
After every three years
After every six months
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Question # 2
A co-operative society is established by:
Choose an answer
Government institutions
Capitalists
Financially weak consumer
All the people
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Question # 3
The capital needed for a departmental store is
Choose an answer
Less
More
Mechanical
None of the above
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Question # 4
Attainment of common objectives under the guidance of the leader of organization is possible through:
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Office
Office organizations
Workers
Customers
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Question # 5
Not included in office worker's personal qualities
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Hard working
Honest
Good personality
Courteous
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Question # 6
Which business organization can be dissolved through a legal procedure:
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Sole tradership
Partnership
Joint Sock Company
None of these
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Question # 7
In demi-official letter, an addressee is addressed by his:
Choose an answer
Post
Name
Surname
All are correct
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Question # 8
The price of the share of society is
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Equal to the face price
Above the face price
Less than the face price
All the above
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Question # 9
After the formation of a company, what is the first meeting of shareholders is called
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Statutory meeting
Annual general meeting
Extra ordinary meeting
None of these
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Question # 10
In Modaraba:
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Two persons invest money
Both persons invest money and labour
One person invests money and the other invests labour and expenses
All of the above
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Question # 11
In Pakistan, a co-operative society is established under the following act:
Choose an answer
1920
1925
1930
1935
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Question # 12
If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:
Choose an answer
25 thousand
50 thousand
1 lakh
Nothing
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Question # 13
Paid premium is refundable in case of:
Choose an answer
Life insurance
Fire insurance
Valued policy
Marine insurance
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Question # 14
Due to means of transportation, the production of goods is possible on:
Choose an answer
Large scale
Small Scale
Middle Scale
None of these
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Question # 15
Public warehouses are the property of:
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Government
Different persons
Factories
Private organaizations
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Question # 16
Export trade includes all the activities, which are performed in sending goods from one country to another country is called
Choose an answer
Import trade
Export trade
Foreign trade
None of these
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