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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Typewriter is included in:
Choose an answer
Copying machines
Calculatingmachines
Communicationmachines
None of these
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Question # 2
When did the partnership business come into being:
Choose an answer
1872
1880
1892
1902
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Question # 3
A process of classifying and arranging records so that they can be obtained without delay is called
Choose an answer
Index
Filling
Both a and b
None of these
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Question # 4
The owner of a company are
Choose an answer
The employees of company
The debentureholders
The shareholders
The creditors
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Question # 5
Due to warehousing facility:
Choose an answer
Demand increases
There is control on supply
Supply increases
There is control on demand
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Question # 6
Modarba company is formed under
Choose an answer
Modarba companies ordinance 1980
Modarba companies ordinance 1984
Modarba companies ordinance 1960
Modarba companies ordinance 1970
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Question # 7
The memorandum of company is prepared by:
Choose an answer
Specialist
Promoters
Experts
All the above
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Question # 8
Registration of the partnership business:
Choose an answer
Is necessary
Depends on the will of partners
Depends on the will of registrar
None of these
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Question # 9
The document issued by an authorized office after counting and checking the loaded goods on ship:
Choose an answer
Shipping order
Receipt of mate
Marine insurance
bill of lading
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Question # 10
Why is public not inclined towards insurance in Pakistan ?
Choose an answer
Due to ignorance
Due to poverty
Due to economic backwardness
All three
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Question # 11
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 # 12
Trade means:
Choose an answer
Wholesaling
Retailing
Import and Export
All the three
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Question # 13
How many kinds of official letter
Choose an answer
10
11
12
13
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Question # 14
Co-operative society started in:
Choose an answer
1840
1844
1845
1850
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Question # 15
What has to be bought in order to become shareholder of a company:
Choose an answer
Shares
Debentures
Dividend
None of these
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Question # 16
Services of wholesaler many be classified in the following ______ groups
Choose an answer
Three
Four
Five
Six
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