Question # 1

The small retailers sell their goods:

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On credit

On cash

On cash to rich and on credit to poor

All of the above

Types of members of chamber of commerce and industry are

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Four

Five

Three

Two

What is not necessary for a private company:

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Statutory meeting

Statutory report

Both (a) & (b)

None of these

How many types of Modaraba

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2

3

4

5

Circular letter is a kind of

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Official letter

Business letter

Both letters

None of these

A person who sells goods of merchant to another person is called

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Retailer

Middleman

Agent

Wholesaler

When did the partnership business come into being:

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1872

1880

1892

1902

At least how many partners should have a limited liability in a limited partnership

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One

Two

Three

Four

When goods are received in home country after purchasing them from other countries is called

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Import trade

Export trade

Both a and b

None of these

All the sections of a departmental store can be found in:

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Four buildings

Two buildings

One buildings

Many buildings

Office means a place where:

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Organization's records / papers are kept

Workers take rest

Visitors wait

Clerical work is done besides keeping records

Name of kinds of filing:

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Central and horizonal filing

Central and departmental filing

Horizontal and vertical filing

Central and vertical filing

Small and medium scale industrial and trade centers are given the name of:

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Group members

Chamber members

Associate members

None of these

The members of chamber of commerce and industry can be

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Local persons

Foreign persons

Both

None of these

What are the capital sources of co-operative society:

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Fee of members

By selling shares to members

Both (a) and (b)

National and international institutions

How many methods of filing

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2

3

4

5

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

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