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Online Tests
Principle of Commerce Icom Part 1 English Medium Online Test MCQs With Answers
Question # 1
The directors are selected by
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Shareholders
Promoters
Board of directors
All three can do
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Question # 2
In home trade, the traders are related from:
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One city
Two different cities of one country
Two different provinces of one country
All of the above
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Question # 3
The members of chamber of commerce and industry can be:
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Local persons
Foreign persons
Both
None of these
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Question # 4
A shopkeeper who buys goods in a less quantity and sells it to consumer is called
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Wholesaler
Retailer
Producer
Agent
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Question # 5
In a large business, a separate department is responsible for advertising the products. are called
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Purchase department
Sales department
Advertising department
Administrative department
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Question # 6
Generally vowel letters help in:
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Filing
Horizontal
Indexing
All are wrong
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Question # 7
The liability of members in co-operative society is generally:
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Limited
Unlimited
Both (a) and (b)
None
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Question # 8
A person who deals in ready made item is:
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Manufacturer
Worker
Trader
Distributor
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Question # 9
At least how many partners should have a limited liability in a limited partnership:
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One
Two
Three
All
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Question # 10
The characteristics of a good salesman:
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Sells goods at very high prices
Introduces goods in very goods manners
Sells goods on very low prices
Tells lie with customer about the qualities of product
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Question # 11
Which is the modern and developed means of transportation of goods and passengers
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Water
Air
Land
All the above
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Question # 12
The receipt of public and bonded warehouses is used as
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Security
Business
Liability
None of these
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Question # 13
Due to machines, office work due becomes
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Easy
Difficult
Remains the same
None of these
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Question # 14
An import trader can get himself registered under
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Import and export control act 1950
Import and export control act 1952
Import and export control act 1975
None of these
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Question # 15
How many step in procedure of export trade
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21
22
23
24
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Question # 16
What is necessary for the formation of chamber of commerce and industry
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Constitution of chamber of commerce and industry
Rules and regulation of chamber of commerce and industry
Both a and b
None of these
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