Question # 1

The indent in which the complete detail of goods is written called

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Close indent

Open indent

Complete indent

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

What does a business organization mean

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Sole tradership

Partnership

Joint stock company

All the above

The letter of credit is opened on the request of

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Importer

Exporter

Government

None of these

A business takes into account the following activities

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Economic

Non-economic

Social

None of these

A non-active partner in a partnership:

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Neither invests nor takes part in the business

Doesn't invest buttakes part in the business

Invests but doesn'ttake part in the business

None of the above

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

A company established by the order of parliament of president is called:

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Government company

Chartered company

Statutory company

None of these

A wholesaler buys goods in:

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Reasonable quantity

Abundant quantity

Less quantity

Does not buy or sell

The businessman is

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A trader

A producer

A distributor

A trader, producer and distributor

The receipt of public and bonded warehouses is used as

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Security

Business

Liability

None of these

Personal letters are divided into

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Two

Five

Seven

Nine

Trade means:

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Wholesaling

Retailing

Import and Export

All the three

Human activities consist of following activities

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Un-commanded

Commanded

Commanded and un-commanded

None of the above

What is prepared by the exporter on the settlements of matters

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Invoice

Consular invoice

Certificate of origin

All of these

The basic aim of a co-operative society is:

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To store goods

To earn profit

To serve members

All the above

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

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