Question # 1

The chamber of commerce and industry is formed for

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Commerce

Trade

Industrial activities

All the above

Due to machines, office work due becomes

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Easy

Difficult

Remains the same

None of these

The government issued Modaraba ordinance on

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January 1980

January 1981

January 1979

January 1984

Age of minor partner is:

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18 years

More than 18 years

Less than 18 years

None of these

In sole tradership, the derisions are held

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Belatedly

Without any delay

After the meeting of administration

With the suggestions of relatives

A company formed according to the royal charter is

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Modaraba company

Chartered company

Statutory company

Registered company

Holding company is a company which has:

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No shares of other company

Less than 50% shares of other company

More than 50% shares of other company

50% shares of other company

An office worker should have to his credit

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Personal qualities

Physical qualities

Educational qualities

All of these

Business finance can be divided into following parts according to term

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Four

Two

Three

Six

If the price of goods includes the expense till custom duty, it is called:

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Duty paid

Custom paid

Inbond

None of these

The most important document of a company is:

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The memorandum

The articles

The prospectus

The accounts of company

Economic activities mean

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Business

Business and profession

Business, profession end employment

None of the above

Which insurance policy can be used as a security:

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Marine insurance

Fire insurance

Lifeinsurance

All the three

The methods of selling goods in foreign countries:

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Personal visit

Travelling agnets

All of the above

Not important for sole proprietorship:

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Capital

Interest of owner

Audit

Workers

If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called

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Open indent

Close indent

Both a and b

None of these

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

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