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Punjab (PTB) · Quarter book test · Free

1st Year Principles of Commerce 3rd Quarter Book Paper

40 marks · 1 hour · 28 questions. Covers: 7 chapters (CHAP 15: Middlemen to CHAP 21: Chamber of Commerce & Industry).

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1st Year Principles of Commerce 3rd Quarter Book Paper

1st Year · Principles of Commerce · Punjab (PTB)

Name: ____________Roll No: ________Class/Section: ________Date: ________Total marks: 40Time: 1 hour

Q1. Multiple choice questions (Attempt all · 12 × 1 = 12)

  1. Creates link between the manufacturer and consumer.

    1. Retailers

    2. Wholesaler

    3. Agents

    4. Middlemen

  2. Warehousing is a source of ...... for govt:

    1. Income

    2. Problem

    3. Loan

    4. None

  3. Number of chamber of commerce and industry in the sub continent before independence:

    1. 55

    2. 60

    3. 65

    4. 56

  4. Objective of the Number of customer is to:

    1. Retain old customers

    2. Recruit new customers

    3. Both A and B

    4. None of the above

  5. The insurance policy which can not be transferred to another person:

    1. Life insurance

    2. Marine insurance

    3. Fire insurance

    4. Accidental insurance

  6. What are the advantages of means of transportation?

    1. Industrial development

    2. Stability in prices

    3. Expansion of market

    4. All

  7. In Modaraba:

    1. Two persond invest money

    2. Both person invest money and labour

    3. One person invest money and the other invest labor and experience

    4. All of the above

  8. A person who sells goods of merchant to another person is called:

    1. Retailer

    2. Middlemen

    3. Agent 

    4. Wholesaler

  9. Public warehouses are the property of:

    1. Government

    2. Different persons

    3. Factories

    4. Private organizations

  10. The membership of chamber is given to:

    1. Large industrial and commercial associations

    2. Medium industrial and commercial associations

    3. Small industrial and commercial associations

    4. All the above

  11. The characteristics of a good salesman:

    1. Sells goods at very high price

    2. Introduces goods in very good manners

    3. Sells goods on very low price

    4. Tells lie with customers about the qualities of product

  12. According to Jiwan Sathi insurance, the husband and wife are provided with financial security in:

    1. One installment

    2. Two installment

    3. Three installment

    4. Four installment

Q2. Short questions (Attempt any 8 of 12 · 8 × 2 = 16)

  1. Define traveling agent.

  2. What is short time finance?

  3. State the functions of warehousing.

  4. State the three important objectives of advertisement.

  5. Which element may be left out to lessen the price?

  6. State the important points of the rules and regulations of chamber of commerce and industry.

  7. State some of the important principles of insurance.

  8. Define deal creditor agent.

  9. What is meant by Rab-ul-Mal?

  10. State the importance of warehouses.

  11. How does advertisement increase the cost of production?

  12. Write down objectives of means of transportation.

Q3. Long questions (Attempt any 3 of 4 · 3 × 4 = 12)

  1. Define meaning and importance of means of transportation.

  2. Write detailed note on the types of insurance.

  3. Write a detailed note on types of warehousing.

  4. Write down the characteristics of factor and broker and distinguish them.