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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Which documents are prepared by the exporter after the settlement of affairs are
Choose an answer
Invoice
Consular invoice
Certificate of origin
All of them
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Question # 2
The shares of co-operative society:
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Can be sold market
Cannot be solid in market
Can be used as security
All are correct
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Question # 3
Insurance is an agreement in which the insurer
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Gives profit
Gives interest
Compensates loss
All the above
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Question # 4
Who does accept and indent:
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Exporter
Importer
Government
None of these
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Question # 5
The following letter is written to draw the personal attention of addressee:
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Official letter
Demi-official letter
Reminder
Formal letter
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Question # 6
Kinds of home trade
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Import & export trade
Wholesaling & import trade
Retail and wholesale trade
All of the above
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Question # 7
The language of official letter is generally:
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Typical
Definite
Both
Courteous
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Question # 8
Industry is the component of
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Commerce
Trade
Business
Government service
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Question # 9
The method of fulfilling a claim is stated in
Choose an answer
Letter of enquiry
Order letter
Complaint letter
None of these
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Question # 10
In case of emergency, foreign trade makes the supply of goods:
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Easy
Difficult
Unimportant
Important
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Question # 11
Warehousing for government is the source of:
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Income
Problem / tension
Debt
None of these
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Question # 12
The word "Private" is not used by
Choose an answer
A statutory company
A public company
A chartered company
All the above
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Question # 13
Who does issue the certificate of origin for exporting goods:
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Chamber members
Town association
Chamber of commerce and industry
Association members
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Question # 14
At least how many partners should have a limited liability in a limited partnership:
Choose an answer
One
Two
Three
All
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Question # 15
A joint stock company has the following characteristic:
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Delayed decisions
Payment of double tax
Limited liability of shareholders
All of the above
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Question # 16
Exact copy of letter of document can be taken from
Choose an answer
Photo state machine
Automatic type machine
Electric type machine
Type writer
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