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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
Factor are the:
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Customers of business
Servants of business
Debtors of business
Persons who take responsibility of receiving money from debtors
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Question # 2
The persons who mange the affairs of company are called:
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The shareholders
The debentureholders
The promotors
The directors
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Question # 3
The advertisement:
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Increases money
Saves money
Is wastage of money
Decreases money
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Question # 4
How many step in procedure of export trade
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21
22
23
24
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Question # 5
The agent who sells and buys goods of all kinds is called
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Commission agent
Underwriter
Broker
Exporting agent
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Question # 6
Commerce is related to
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Distribution of goods
Sale of goods
Purchase of goods
All the above
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Question # 7
A business takes into account the following activities
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Economic
Non-economic
Social
None of these
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Question # 8
Kinds of home trade
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Two
Three
Four
Five
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Question # 9
What is prepared by the exporter on the settlements of matters:
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Invoice
Consular invoice
Certificate of origin
All of these
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Question # 10
The shareholders should be informed about the statutory meeting least:
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14 days before
21 days before
7 days before
None of these
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Question # 11
Modarba company is formed under
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Modarba companies ordinance 1980
Modarba companies ordinance 1984
Modarba companies ordinance 1960
Modarba companies ordinance 1970
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Question # 12
The number of parts in a business letter:
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Seven
Five
Three
None of these
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