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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Method of preserving papers:
Choose an answer
Indexing
Filing
Storage
All are correct
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Question # 2
Business finance can be divided into following parts according to term
Choose an answer
Four
Two
Three
Six
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Question # 3
A retailer sells goods to
Choose an answer
Consumer
Wholesaler
Manufacturer
All the above
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Question # 4
The bill of lading reveals the
Choose an answer
Legal ownership of goods
Price of goods
Government ownership of goods
None of the above
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Question # 5
The persons who mange the affairs of company are called:
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The shareholders
The debentureholders
The promotors
The directors
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Question # 6
Because of an organized office, business:
Choose an answer
Expands / widens
Contracts
Remains unchanged
None of these
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Question # 7
The machine of opening letters in business centers is called:
Choose an answer
Mail opener
Foldingmachine
Punchingmachine
All are correct
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Question # 8
The quantity of goods sold to consumers in a departmental store is
Choose an answer
Reasonable
More
Small
All of the above
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Question # 9
Which company requires a certificate of commencement:
Choose an answer
Public Company
Private Company
Chartered Company
All the above
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Question # 10
Before selling, fruits are kept in:
Choose an answer
Home
Factory
Godown
Office
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Question # 11
The time period of short time finance is:
Choose an answer
Two years
More than one year
One and half year
One or less than one year
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Question # 12
A consumer has a direct link with
Choose an answer
Retailer
Wholesaler
Industrialist
Agent
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Question # 13
Whose signature is important on statutory report of the company:
Choose an answer
Shareholders
Promoters
Directors
Auditors
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Question # 14
The government issued Modaraba ordinance on
Choose an answer
January 1980
January 1981
January 1979
January 1984
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Question # 15
Small and medium scale industrial and trade centers are given the name of
Choose an answer
Group members
Chamber members
Associate members
None of these
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Question # 16
How many characteristics in official letters
Choose an answer
8
9
10
11
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