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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
On the death of the insured, sum is paid to
Choose an answer
Friends
Dependents
Relatives
Insurer
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Question # 2
Economic activities mean
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Business
Business and profession
Business, profession end employment
None of the above
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Question # 3
Due to advertisement
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Number of customer increases
Number of customer reduces
Number of customer remains the same
The old customers leave
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Question # 4
If a co-operative society is working in more than one province, then it is registered under the Act of:
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1925
1932
1913
1942
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Question # 5
Through correspondence, business
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Expands
Contracts
Has negative effects
None of these
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Question # 6
Musharika is based on islamic:
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Concept of interest
Concept of non-interest
Both include
None of both
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Question # 7
Who does transfer the goods from manufacturer to consumer
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Retailer
Wholesaler
Middleman
None of these
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Question # 8
The time period of rural insurance policy is:
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15 - 20 years
10 - 15years
20 - 25years
More than 25 years
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Question # 9
Co-operative society started in
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1840
1844
1845
1850
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Question # 10
Group insurance is popular among:
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Unemployed people
Employees of business organizations
House wives
All the above
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Question # 11
A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called
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Ex-ship charges
In bond price
Duty paid
Custom duties
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Question # 12
A person involved in different economic activities for the purpose of earning profit is called
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Business man
Trader
Industrialist
Professional
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Question # 13
The wholesaler and retailer are called:
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Middleman (agents)
Merchant middlemen
Broker
Factor
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Question # 14
How many types of business finance
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2
3
4
5
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Question # 15
An official letter shold be
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Concise
Suitable
Long
None of these
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Question # 16
Which company requires a certificate of commencement:
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Public Company
Private Company
Chartered Company
All the above
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