Category: FPSC Commerce Lecturer Test Past Papers

(A) Certificate of commencement business
(B) Certificate of Incorporation
(C) Non- disclosure agreement
(D) None of these

Answer: (B) Certificate of Incorporation
Certificate of Incorporation is necessary for a private company to start its business.

(A) Credit note
(B) Commercial invoice
(C) Proforma invoice
(D) Debt note

Answer: (B) Commercial invoice
The document issued by the exporter, contains the value of export goods is called commercial invoice.

(A) Cooperative society
(B) Sole proprietorship
(C) Partnership
(D) None of these

Answer: (B) Sole proprietorship
Minimum legal constraints are endured by sole proprietorship.

(A) Asian Development Bank (ADB)
(B) World Bank Group
(C) World Trade Organization
(D) None of these

Answer: (B) World Bank Group
The Doing Business Report (DB) is an annually published report which is published by World Bank Group.

(A) Export
(B) Import
(C) Local trade
(D) All of these

Answer: (A) Export
Certificate of origin is must for exporter. It is an international trade document. It is declaration from the exporter.