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Punjab (PTB) · Half book test · Free

1st Year Principles of Commerce Second half Book Paper

50 marks · 1 hour 30 minutes · 35 questions. Covers: 13 chapters (CHAP 14: Export Trade to CHAP 26: Official Correspondence).

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1st Year Principles of Commerce Second half Book Paper

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

Name: ____________Roll No: ________Class/Section: ________Date: ________Total marks: 50Time: 1 hour 30 minutes

Q1. Multiple choice questions (Attempt all · 15 × 1 = 15)

  1. What is written first in an official letter?

    1. Reference no.

    2. Heading

    3. Subject line

    4. None of the above

  2. The following is used for posting through posting machine:

    1. Debit card

    2. Credit card

    3. Lager card

    4. None of the above

  3. If any business organization is considered as a body, then office is its:

    1. Capital

    2. Heart

    3. Brain

    4. None of these

  4. The indent is also called:

    1. Marine insurance policy

    2. Inquiry letter

    3. Bill of lading

    4. None of the above

  5. 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

  6. 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

  7. What are the advantages of means of transportation?

    1. Industrial development

    2. Stability in prices

    3. Expansion of market

    4. All

  8. Creates link between the manufacturer and consumer.

    1. Retailers

    2. Wholesaler

    3. Agents

    4. Middlemen

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

    1. Income

    2. Problem

    3. Loan

    4. None

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

    1. 55

    2. 60

    3. 65

    4. 56

  11. In horizontal filling, files are kept:

    1. In flat or horizontal position

    2. In vertical position

    3. Fixed with ribbon on cardboard

    4. None of the above

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

    1. Life insurance

    2. Marine insurance

    3. Fire insurance

    4. Accidental insurance

  13. The person to whom the letters is written is:

    1. Addressee

    2. Attention line

    3. Truly

    4. None of the above

  14. The following letter is written to draw the personal attention of addressee.

    1. Official letter

    2. Demi official letter

    3. Reminder

    4. Formal letter

  15. Most modern machine of calculation is:

    1. Computer

    2. Typewriter

    3. Posting

    4. Molding machine

Q2. Short questions (Attempt any 10 of 15 · 10 × 2 = 20)

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

  2. Define posting machine.

  3. What is meant by office?

  4. State the functions of warehousing.

  5. What is short time finance?

  6. State the methods of filing.

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

  8. Define export trade.

  9. What are the kinds of official letter?

  10. Write the unnecessary parts of business letters.

  11. State some of the important principles of insurance.

  12. State the three important objectives of advertisement.

  13. Define traveling agent.

  14. Write down objectives of means of transportation.

  15. Which calculating machine have you seen in your school?

Q3. Long questions (Attempt any 3 of 5 · 3 × 5 = 15)

  1. Define meaning and importance of means of transportation.

  2. Describe the qualities of good salesman.

  3. Define a letter. Write down the reasons to write a letter.

  4. Write a note on following: 1) Musharika 2) Modaraba

  5. Write detailed note on the types of insurance.