Examius
🇵🇰 I.Com (Intermediate in Commerce) · subject
I.Com (Intermediate in Commerce) Principles of Commerce Syllabus
Every chapter and topic of Principles of Commerce examined in I.Com (Intermediate in Commerce) — 10 chapters, 31 topics, plus 51 flashcards written against it.
Principles of Commerce syllabus — full chapter and topic list
Expand any chapter to see its topics and sub-topics. This is the whole examinable outline for Principles of Commerce in I.Com (Intermediate in Commerce), not a summary of it.
-
Commerce and Human Activities
3 topics- Economic and Non-Economic Activities
- Industry, Commerce and Trade
- Branches of Commerce
-
Essentials of Establishing a Business
3 topics- Considerations in Setting Up a Business
- Location of Business
- Sources of Business Finance
-
Sole Proprietorship
2 topics- Features of Sole Proprietorship
- Merits and Demerits
-
Partnership
4 topics- Features and Kinds of Partnership
- Partnership Deed
- Rights and Duties of Partners
- Dissolution of Partnership
-
Joint Stock Company
3 topics- Features of a Company
- Types of Companies
- Formation of a Company
-
Cooperative Societies
2 topics- Principles of Cooperation
- Types of Cooperative Societies
-
Trade and Channels of Distribution
4 topics- Wholesale Trade
- Retail Trade
- Middlemen and Channels of Distribution
- Foreign Trade
-
Auxiliaries to Trade
4 topics- Transportation
- Warehousing
- Insurance
- Banking and Finance
-
Capital and Securities
3 topics- Capital Requirements
- Shares and Debentures
- Stock Exchange
-
Marketing and Advertising
3 topics- Concepts of Marketing
- Advertising
- Chamber of Commerce and Trade Promotion
Principles of Commerce flashcards for I.Com (Intermediate in Commerce)
20 of 51 cards from the Principles of Commerce deck — real questions with worked answers.
Define an economic activity.
An economic activity is any human action performed to earn money or income in order to satisfy wants, e.g. a worker doing a job, a trader selling goods, or a farmer growing crops for sale.
Define a non-economic activity and give an example.
A non-economic activity is an action performed out of love, sympathy, religion or social duty, not to earn money — e.g. a mother caring for her child or doing voluntary charity work.
What are the three main types of economic activities?
Production, Consumption, and Exchange (distribution).
What is the basic difference between economic and non-economic activities?
Economic activities are done with the motive of earning money/income, while non-economic activities are done with no monetary motive (driven by emotion, religion, or social service).
Define 'industry' in the context of commerce.
Industry is the branch of business concerned with the production or extraction of goods and the provision of raw materials, e.g. mining, manufacturing, and construction.
What are the main types (divisions) of industry?
Extractive (primary), Genetic, Manufacturing, and Construction industries.
What is an extractive industry?
An industry that extracts or draws out products from the earth, air, or water — e.g. mining, fishing, hunting, and agriculture (extracting natural resources).
What is a genetic industry? Give an example.
A genetic industry is concerned with the reproduction and multiplication of plants and animals — e.g. poultry farming, cattle breeding, nurseries, and fish hatcheries.
What is a manufacturing industry?
An industry that converts raw materials or semi-finished goods into finished products, e.g. textile mills, sugar mills, and cement factories.
What is a construction industry?
An industry engaged in the construction of buildings, roads, bridges, dams, and canals using the products of other industries.
Define 'commerce'.
Commerce is the branch of business that deals with the buying and selling of goods and services and includes all activities that help in the distribution and exchange of goods from producer to consumer.
What two broad components make up commerce?
Trade and Aids to Trade (auxiliaries/services that facilitate trade).
Define 'trade'.
Trade is the buying and selling of goods and services for the purpose of earning profit; it is the exchange of goods between buyer and seller.
What are the two main kinds of trade?
Home (internal/domestic) trade and Foreign (external/international) trade.
What are the subdivisions of home trade?
Wholesale trade and Retail trade.
What are the three branches of foreign trade?
Import trade, Export trade, and Entrepot (re-export) trade.
What is entrepot trade?
Entrepot (re-export) trade is importing goods from one country for the purpose of re-exporting them to another country.
Name the main 'aids to trade' (auxiliaries of commerce).
Transportation, Banking, Insurance, Warehousing (storage), Advertising/Salesmanship, and Communication.
How does banking act as an aid to trade?
Banking provides finance, facilitates payments and money transfers, offers credit, and helps settle trade transactions, removing the hindrance of finance.
How does insurance aid trade?
Insurance covers the risk of loss to goods (fire, theft, accident, sea perils) by compensating the trader, removing the hindrance of risk.
Planning Principles of Commerce for I.Com (Intermediate in Commerce)
Principles of Commerce is about 18% of the I.Com (Intermediate in Commerce) syllabus by topic count — 31 of 173 topics, spread over 10 chapters. At roughly 45 minutes per topic plus 12 minutes per sub-topic, a first pass runs to about 25 hours.
The heaviest chapters are Partnership (4 topics), Trade and Channels of Distribution (4 topics), Auxiliaries to Trade (4 topics) . Front-load those while your energy is high; the short chapters are better revision filler later.
Work top-down: read the chapter, then tick topics off individually rather than marking the whole chapter done. Sub-topics are where silent gaps hide.
Principles of Commerce (I.Com (Intermediate in Commerce)) FAQ
What is in the I.Com (Intermediate in Commerce) Principles of Commerce syllabus?
Principles of Commerce is split into 10 chapters — Commerce and Human Activities, Essentials of Establishing a Business, Sole Proprietorship, Partnership, Joint Stock Company and Cooperative Societies, and 4 more, containing 31 topics and 0 sub-topics in total.
How many chapters are there in Principles of Commerce for I.Com (Intermediate in Commerce)?
10 chapters. Principles of Commerce accounts for about 18% of the topics in the whole I.Com (Intermediate in Commerce) syllabus (31 of 173).
How long should I spend on Principles of Commerce for I.Com (Intermediate in Commerce)?
Budget around 25 hours for a first pass through Principles of Commerce — about 45 minutes per topic plus 12 minutes per sub-topic across its 31 topics. Add revision cycles on top.
Are there flashcards for I.Com (Intermediate in Commerce) Principles of Commerce?
Yes — a 51-card Principles of Commerce deck. Sample cards are printed on this page, and the full deck is free in the Examius app with spaced repetition scheduling.