Question # 1

Typewriter was invented in

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1870

1873

1973

None of these

The details of the allotted shares is mentioned in:

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Statutory report

Annual meeting report

Special meeting report

All of them

The maximum number of partners in banking business are:

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Ten

Twenty

Thirty

Fifty

The agent who sells and buys goods of all kinds is called:

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Commission agent

Underwritter

Broker

Exporting agnet

Number of chamber of commerce and industry in the sub-continent before independence

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55

60

65

56

The producer puts the burden of advertisement expense on

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Himself

Consumers

Wholesaler and retailer

Both a and b

Group insurance is popular among

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Unemployed people

Employed of business organizations

House wives

All the above

The letters sent for personal or domestic matters are called.

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Formal letters

Routine letters

Personal letters

None of these

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

The writing style of official letters is typical and definite. Moreover, the language of body in letter is always formal is called

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Typical style

Conciseness

Correctness

Simplicity

Success of a business office depends on:

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Bribery

Workers

Machines

None of these

The maximum capital of the company stated in its memorendum:

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Paid up capital

Subscribed capital

Authorized capital

All are correct

A sole proprietor may expand his business by:

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Employing more persons

Having a new shareholder

Both (a) and (b)

Having more shareholders

After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called:

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Bill of lading

Bill of sight

Bill of entry

None of these

A process of classifying and arranging records so that they can be obtained without delay is called

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Index

Filling

Both a and b

None of these

Due to means of transportation, the production of goods is possible on

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Large scale

Small scale

Middle scale

None of these

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

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