Question # 1

How many methods of filing

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2

3

4

5

Whose role is important in trade:

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Trade

Producer

Consumer

All the three

On which type of shares a company gives the profit on preferential basis

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Ordinary shares

Preference shares

Elementary shares

On all the three

What remains among different sections due to offer:

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Link / contact

Coordination

Both

None of these

What are the capital sources of co-operative society:

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Fee of members

By selling shares to members

Both (a) and (b)

National and international institutions

The first chamber of commerce was established in America in

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1768

1773

1930

1980

What is written on the bill of entry of goods:

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Quantity and price

Value of insurance

Quality and type

None of the above

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

An official letter is a cheap means of communication as compared to other means due to its less cost

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Cheap means

Settlement of disputes

Written proof

None of these

What has to be bought in order to become shareholder of a company:

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Shares

Debentures

Dividend

None of these

The machine of opening letters in business centers is called:

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Mail opener

Foldingmachine

Punchingmachine

All are correct

An agentt means a person who:

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Producers goods himself

Not included in office worker's personal qualities

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Hard working

Honest

Good personality

Courteous

A consumer has a direct link with:

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Retailer

Wholesaler

Industrialist

Agent

There is an increase in following production because of home trade

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Foreign

National

Regional

Domestic

In order to wind up the sole tradership:

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The acceptance of the government is sought

No legal process is required

The meeting of administration is required

The will of the friends is required

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

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