Class 1st Year Principles Of Commerce Guess Paper Commerce Important Questions: Section B: (Short Answer Questions) Define

the terms Business, Commerce, industry and Profession? Explain any four advantages and disadvantages of Partnership and also define the kinds of partners? State the services of a wholeseller to a manufacturer and retailer, or define the kinds of a retailer? Explain any four kinds of media of advertisment and differentiate between Advertising and Publicity? What is meant by Transportation and name any ten means of transportation? Describe the five qualities of a good Businessman? State the definition and functions of an office in a big business organization? Explain the different forms of business? Explain the definition and characteristics of a Joint Stock Company? Define the concept of Musharka and Mudarba? Explain the definition and functions of a Market and Marketing? Explain the fundamental consideration in starting a new business? Define e-commerce? Describe the various departments in a big business organization? What to you mean by exchange of goods? Explain? Discuss the problems faced in starting a new business? Describe the qualities of a good business letter? State the definition and importance of a advertising in a modern business? Section C: (Detailed Answer Questions) What are the various parts of Business Letter? Draw a sketch and show various parts in it? OR State breifly the characteristics of a good business letter? Describe the procedure of Export / Import trade in any country? OR Explain the documents used in Importing / Exporting goods? Differentiate between Memorandum of Association and Articles of Association and describe the clauses of Memorandum of Association? Explain advantages and disadvantages of a joint stock company? Explain the definition of Aids to trade and define each of them? Briefly explain the functions of Chamber of Commerce and industry? What do you mean by Insurance? Define various kinds of it and also explain the importance of insurance in Trade? Explain the definition and advantages and disadvantages of Partnership? Write an application for the job of Sales Executive. Assume all necessary particular and details? Draft a circular letter to your customers regarding the new arrivals of the wide range of cell phones imported from China? Explain the advantages and disadvantages of Sole Proprietership? Explain the qualities of a good Salesman? What are the types of Warehousing facilities available in Pakistan? Elucidate? What is meant by Business Finance? Explain the sources of short term and long term finance, and also defien the importance of finance?

Recommended Textbooks: 1. Muhammad Irshad (2005-06). Part I for Intermediate: Principles of Commerce. Lahore: Naveed Publications. 2. Hafiz Muhammad Sharif. Part I for Intermediate: Ideal Principles of Commerce. Lahore: Azeem Academy.

3. Maqsood Ahmed. (2005-06).Part I for Intermediate: Principles of Commerce Usool-e-Tijarat. Lahore: Mukhtar Brothers. Reference books: 1. Muhammad Ishaq. (2007-2008). Part I for Intermediate: Principles of Commerce. Karachi Petiwala. 2. Naveed Nawab. (2007-2008). Part I for Intermediate: Principles of Commerce. Karachi: Iqra Publisher.