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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Which company requires a certificate of commencement:
Choose an answer
Public Company
Private Company
Chartered Company
All the above
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Question # 2
Private warehouses are owned by
Choose an answer
Business units
private individuals
Corporation units
None of these
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Question # 3
Number of local chambers of commerce and industry in Pakistan after establshment:
Choose an answer
2
5
7
12
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Question # 4
The person to whom the letter is written is
Choose an answer
Addressee
Attention line
Truly
None of these
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Question # 5
Not in home trade:
Choose an answer
Tax saving
Foreign currency
Stability in prices
Decrease in expenditures
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Question # 6
A shopkeeper who buys goods in a less quantity and sells it to consumer is called:
Choose an answer
Wholesaler
Retailer
Producer
Agent
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Question # 7
The literal meaning of trade of:
Choose an answer
Exchange
Buying and selling
Removal of human obstacles
Business
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Question # 8
The letter sent for personal or domestic matters are called
Choose an answer
Formal letters
Routine letters
Personal letters
None of these
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Question # 9
Kinds of letters are:
Choose an answer
Two
Three
Four
None of these
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Question # 10
The truck jobers has a business of
Choose an answer
Electronics or furniture
Medicines
Eatables
Sports goods
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Question # 11
What are the capital sources of co-operative society:
Choose an answer
Fee of members
By selling shares to members
Both (a) and (b)
National and international institutions
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Question # 12
What are the advantages of means of transportation ?
Choose an answer
Industrial development
Stability in prices
Expansion of market
All the above
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Question # 13
Group insurance is popular among
Choose an answer
Unemployed people
Employed of business organizations
House wives
All the above
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Question # 14
The members of chamber of commerce and industry can be:
Choose an answer
Local persons
Foreign persons
Both
None of these
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Question # 15
An agent appointed for sending goods to other countries is called
Choose an answer
Export agent
Import agent
Forwarding agent
Clearing agent
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Question # 16
According to work, the main types of machines
Choose an answer
Two
Three
Four
Five
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