Question # 1

What is prepared after sending the goods:

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Bill of lading

Invoice

Receipt of mate

All of these

Another name for quotation letter:

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Catalogue

Order

None of these

The most important document of a company is

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The memorandum

The articles

The prospectus

The accounts of company

A charter party is

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

The international trade is entirely dependent to

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Agricultural development

Industrial development

Means of transportation

Warehousing

The time recording machine is used in

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Industrial concerns

Colleges

Hospitals

All are correct

Active partner in a partnership business

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Invests but doesn't take part in the business

Neither invests nor takes part in the business

Invests and takes part in the business

None of the above

People who run the management of a joint stock company are:

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Shareholders

Creditors

Directors

Debenture holders

The reference number is written after writing the heading in the letter:

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On left side

On right side

In the end

None of these

The capital needed for a departmental store is:

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Less

More

Mechanical

None of the above

If a co-operative society is working in more than one province, then it is registered under act of

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1925

1932

1913

1942

Commerce is related to:

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Commerce is the component of:

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Industry

Trade

Business

Government service

What is prepared after sending the goods

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Bill of lading

Invoice

Receipt of mate

All of these

How many types of foreign trade

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3

4

5

6

A consumer has a direct link with:

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Retailer

Wholesaler

Industrialist

Agent

More Classes

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

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