Question # 1

The members of chamber of commerce and industry can be

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Local persons

Foreign persons

Both

None of these

The shares of a co-operative society can be transferred:

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At any time

After 6 months

After 1 year

All are wrong

Number of local chambers of commerce and industry in Pakistan after establishment

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2

5

7

12

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

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

The remuneration of an agent is called

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Wages

Profit

Salary

Commission

In demi-official letter, an addressee is addressed by his

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Post

Name

Surname

All are correct

The wholesaler informs the public about the products through:

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Letters

Telephone

All the above

To whom does the directors of a company submit the copy of profit and loss account

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Company's registrar

Company's auditor

Company's creditor

None of them

The wholesaler gives order to manufacturer:

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In advance

On spot

According to need

None of the above

The shares of a joint stock company are:

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Transferable

Not for common person

Of high value

All are correct

The real or actual proprietor or owner of goods is

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Agent

Principal

Both a and b

None of these

Advertisement means

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Production of goods

Sale of goods

Introduction of new goods

Spoilage of goods

Imports and exports are the kinds of:

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Home trade

Foreign trade

Provincial trade

None of these

The letter sent for personal or domestic matters are called

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Formal letters

Routine letters

Personal letters

None of these

The rate o interest in long term finance is

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Less

Non

More

All the above

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

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