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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
In order of determine the size of a business we consider:
Choose an answer
The availability of the capital
The demand of the goods
The capacity of production
All the above
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Question # 2
The decisions of sole trader ship depend on
Choose an answer
The will of friends
The will of sole-trader
The will of government
The will of relatives
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Question # 3
On which type of shares a company gives the profit on preferential basis:
Choose an answer
Ordinary shares
Preference shares
Elementary shares
On all the three
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Question # 4
The machine of opening letters in business centers is called
Choose an answer
Mail opener
Folding machine
Punching machine
All are correct
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Question # 5
The membership of chamber is given to
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Large industrial and commercial associations
Medium industrial and commercial associations
Small industrial and commercial associations
All the above
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Question # 6
Not in home trade:
Choose an answer
Tax saving
Foreign currency
Stability in prices
Decrease in expenditures
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Question # 7
The collective profit of wholesaler is:
Choose an answer
Less
More
Reasonable
None of the above
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Question # 8
If goods are bought from another country for exporting, it is called:
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Export trade
Import trade
Entrepot trade
None of these
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Question # 9
How many function of chamber
Choose an answer
17
18
19
20
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Question # 10
Liability of shareholders in a joint stock company is
Choose an answer
Limited
Unlimited
None
All are correct
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Question # 11
Commerce is the component of:
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Industry
Trade
Business
Government service
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Question # 12
How many qualities in a good filling system
Choose an answer
13
14
15
16
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Question # 13
The important source of sending a voice message is:
Choose an answer
Television
Radio
Video cassette
None of these
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Question # 14
A retailer sells goods to
Choose an answer
Consumer
Wholesaler
Manufacturer
All the above
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Question # 15
Middlemen means those persons who:
Choose an answer
Buy goods from the retailer
Buy goods from the wholesaler
Help in transferring goods from producer to consumer
Buy items from manufacturer
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Question # 16
Before selling, fruits are kept in
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Home
Factory
Godown
Office
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