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

Trade is the component of

Question # 2

Two important components of the business

Question # 3

Commerce is related to:

Question # 4

Helps or facilitates to trade

Question # 5

Commerce means the activities which help in

Question # 6

Imports and exports are the kinds of:

Question # 7

Secondary industry can be divided into two parts

Question # 8

The literal meaning of trade of:

Question # 9

Commerce means the activities which help in:

Question # 10

The literal meaning of trade is

Question # 11

Primary industry can be divided into two parts/types:

Question # 12

Secondary industry can be divided into two parts/types:

Question # 13

Two important components of the business:

Question # 14

Industry includes those activities which are related to:

Question # 15

Helps of facilitates the trade:

Prepare Complete Set Wise Chapter 2 "Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test" MCQs Online With Answers


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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 Two important components of the business:
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss
2 Helps or facilitates to trade
A. Business organizations
B. Retailers
C. Trade auxiliaries
D. National organizations
3 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
4 Trade is the component of:
A. Commerce
B. Industry
C. Agriculture
D. None of these
5 Industry includes those activities which are related to:
A. Selling and buying of goods
B. Sale of goods
C. Preparation of goods and services
D. All the above
6 Imports and exports are the kinds of:
A. Home trade
B. Foreign trade
C. Provincial trade
D. None of these
7 Industry is the component of:
A. Commerce
B. Trade
C. Business
D. Government service
8 Commerce means the activities which help in:
A. Buying and selling of goods
B. Transportation of goods
C. Transferring goods from factory to consumers
D. None of the above
9 Trade is the component of
A. Commerce
B. Industry
C. Agriculture
D. None of these
10 Two important components of the business
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss

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