First Year Principles of Commerce Chapter 2 Online MCQ Test for 1st Year Principles of Commerce Chapter 2 (Nature and Scope of Commerce)

This online test contains MCQs about following topics:

Division of business . Introduction and types of industry . Scope of commerce . Difference among different concepts

ICOM Part 1 Commerce Ch. 2 Test
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MCQ's Test For Chapter 2 "Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test"

Try The MCQ's Test For Chapter 2 "Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test

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Question # 1

Industry is the component of

Question # 2

The literal meaning of trade is

Question # 3

Commerce and business

Question # 4

Two types of industry

Question # 5

Primary industry can be divided into two parts

Question # 6

Two types of industry:

Question # 7

Commerce is related to

Question # 8

Trade is the component of:

Question # 9

Secondary industry can be divided into two parts/types:

Question # 10

Two important components of the business:

Question # 11

Commerce is the component of

Question # 12

Commerce and business:

Question # 13

Industry includes those activities which are related to

Question # 14

Industry includes those activities which are related to:

Question # 15

Two important components of the business

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11th Principles of Commerce Chapter 2 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 2 Important MCQ's

Sr.# Question Answer
1 Commerce is the component of:
A. Industry
B. Trade
C. Business
D. Government service
2 Two important components of the business
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss
3 Commerce is the component of
A. Industry
B. Trade
C. Business
D. Government service
4 Two types of industry
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing
5 Secondary industry can be divided into two parts
A. Constructive, extractive
B. Constructive, manufacturing
C. Extractive, genetics
D. Constructive, genetics
6 Trade is the component of:
A. Commerce
B. Industry
C. Agriculture
D. None of these
7 Trade means
A. Wholesaling
B. Retailing
C. Import and export
D. All the three
8 Two types of industry:
A. Constructive, genetics
B. Extractive, genetics
C. Primary, secondary
D. Constructive, manufacturing
9 Commerce is related to
A. Distribution of goods
B. Sale of goods
C. Purchase of goods
D. All the above
10 Commerce and business
A. The scope of business is wider than commerce
B. The scope of commerce is wider than business
C. Both have the same scope
D. Both have a wider scope than each other

Test Questions

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