Question # 1

The directors are selected by:

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Shareholders

Promoters

Board of directors

All three can do

The following letter is written to draw the personal attention of addressee:

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Official letter

Demi-official letter

Reminder

Formal letter

The liability of members in co-operative society is generally:

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Limited

Unlimited

Both (a) and (b)

None

In the absence of agreement, a partner receives for taking part in business:

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Remuneration

No remuneration

More Profit

Interest

What does a company issue to get loan from the public

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Shares

Debentures

Dividend

All the three

Not included in communication machines

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Telephone

Dictation machine

Tele-printer

Folding machine

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

Issuance of notice about statutory meeting is the responsibility of:

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Promoters

Shareholders

Company secretary

Directors

State the procedure or steps of exporting goods are

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Obtaining and acceptance of indent

Registration

Obtaining license

All of these

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

What does a company get from the prospectus:

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Capital

Fame

Registration

All the three

Co-operative society started in

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1840

1844

1845

1850

Typewriter was invented in:

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1870

1873

1973

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 first chamber of commerce in Britain was established in

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1773

1768

1789

1772

According to work, the main types of machines

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Two

Three

Four

Five

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

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