Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 01

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Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf
Top Principles of Commerce ICOM Subject Mcqs Pdf Download
01 Principles of Commerce ICOM Mcqs Chapter 01 02 Principles of Commerce ICOM Mcqs Chapter 02
03 Principles of Commerce ICOM Mcqs Chapter 03 04 Principles of Commerce ICOM Mcqs Chapter 04
05 Principles of Commerce ICOM Chapter 05 06 Principles of Commerce ICOM Chapter 06
07 Principles of Commerce ICOM Mcqs Chapter 07 08 Principles of Commerce ICOM Mcqs Chapter 08
09 Principles of Commerce ICOM Mcqs Chapter 09 10 Principles of Commerce ICOM Mcqs Chapter 10
11 Principles of Commerce ICOM Mcqs Chapter 11 12 Principles of Commerce ICOM Mcqs Chapter 12
13 Principles of Commerce ICOM Mcqs Chapter 13 14 Principles of Commerce ICOM Mcqs Chapter 14
15 Principles of Commerce ICOM Mcqs Chapter 15 16 Principles of Commerce ICOM Mcqs Chapter 16
17 Principles of Commerce ICOM Mcqs Chapter 17 18 Principles of Commerce ICOM Mcqs Chapter 18
19 Principles of Commerce ICOM Mcqs Chapter 19 20 Principles of Commerce ICOM Mcqs Chapter 20
Top 500+ New Principles of Commerce ICOM MCQs with Answers | Download PDF

Chapter # 01

Concept of Business

Encircle the most appropriate answer from the following options :


1.The.basic objective of business is:

  1. Exchange
  2. Service to the society
  3. Earning Profit
  4. None of these

2. Human activities consist of following activities:

  1. Un-commended
  2. Commanded
  3. Commanded and uncommanded
  4. None of these

3. Economic activities mean:

  1. Business
  2. Business and profession
  3. Business, profession and employment
  4. None of the above

4. The objective of non-economic activities is to:

  1. Serve the society
  2. Earn profit
  3. Serve the society beside spiritual satisfaction
  4. Earning the fame\

5. The businessman is:

  1. Ă… trader
  2. A producer
  3. A distributor
  4. A trader, producer and distributor

6. A business takes into account the following activities:

  1. Non-economic
  2. Economic
  3. None of these
  4. Both

7. For the sale of goods, a businessman depends upon:

  1. The employees
  2. The relatives
  3. The demand of customers
  4. None of these

8. Economic activity which gives:

  1. Predetermined income
  2. Fixed income
  3. Both (a) and (b)
  4. None of these

9. What does a business organization mean:

  1. Sole tradership
  2. Partnership
  3. Joint stock company
  4. All the above

10.Income from business is called:

  1. Profit
  2. Interest
  3. Satisfaction
  4. Utility

11.1f any person gets income on the basis of knowledge and skill then it

  1. Business
  2. Employment
  3. Profession
  4. Trade

12.A person involved in different economic activities for the purpose of profit is called•

  1. Business man
  2. Trader
  3. Industrialist
  4. None of these

13.A person who deals in ready made items is:

  1. Manufacturer
  2. Worker
  3. Trader
  4. Distributor