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

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Principle of Commerce Icom Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 Due to warehousing facility: Demand increases There is control on supply Supply increases There is control on demand
2 By storing some items in the warehouses for a long period of time: Price increases Price decreases Price remains stable Items perishes
3 Before selling, fruits are kept in: Home Factory Godown Office
4 Private warehouses are owned by: Business units Private individuals Corporation units None of these
5 Warehousing for government is the source of: Income Problem / tension Debt None of these
6 Which warehouse are the private property of business centers: Government Private Bonded None of these
7 Public warehouses are the property of: Government Different persons Factories Private organaizations
8 Types of warehouses are: Six Seven Three Two
9 Not suitable for huge size and heavy goods: Air transport Railwaytransport Roadtransport Watertransport
10 The govt. has monopoly in: Railway transport Airtransport Roadtransport Watertransport
11 Due to means of transportation, the production of goods is possible on: Large scale Small Scale Middle Scale None of these
12 The international trade is entirely dependent to: Agricultural development Industrialdevelopment Means of transportation Warehousing
13 Different products are sent to final consumers through: Manufacturer Trader Means of transportation Both (a) and (b)
14 What are the advantages of means of transportation ? Industrial development Stability in prices Expansion of market All the above
15 Which is the modern and developed means of transportation of goods and passengers: Water Air Land All the above
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