Question # 1

The wholesaler creates a link between:

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Retailer and consumer

Retailer and manufacturer

Consumer and manufacturer

All the above

Due to advertisement, the unemployment:

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Lessens

Increases

Remains un-effected

Ends or disapperas

The literal meaning of trade of:

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Exchange

Buying and selling

Removal of human obstacles

Business

A wholesaler makes it easy for

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Retailer

manufacturers

Retailer and manufacturers

None

The performance of an office depends upon

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Principle

Workers

Office machines

Office management

How many step in procedure of export trade

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21

22

23

24

Filing means:

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Systematic preservations of records

Non-systematic preservations of records

End of business documents

To run business in profitable way

The remuneration of an agent is called

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Wages

Profit

Salary

Commission

What does a company issue to get loan from the public

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Shares

Debentures

Dividend

All the three

The decisions of sole trade ship depend on:

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The will of friends

The will of sole-trader

The will of government

The will of relatives

Which business organization requires legal permission for commencement:

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Sole tradership

Partnership

Joint Sock Company

None of these

The indent is also called:

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Marine insurance policy

Inquiry letter

Bill of lading

None of these

State the procedure or steps of exporting goods are

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Obtaining and acceptance of indent

Registration

Obtaining license

All of these

If any partner is not in a position to compensate the business loss called:

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Retired partner

Active partner

Weak partner

Insolvent partner

In sole tradership

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The government provides finance

Only the trader provides finance

Many people collectively provide finance

The relatives provide finance

The minimum number of persons in a multi-members private company

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Seven

Four

Two

Three

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Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers

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