Commerce

A system in which people provide their own needs directly is known as?

A. sub-standard economy B. subsistence economy C. mixed economy D. monetized economy E. specialized economy Correct Answer: Option B -…

5 years ago

Those involved in obtaining the gifts of nature from land and sea are engaged in?

A. Extractive occupation B. Manufacturing occupation C. Constructive occupation D. Commercial occupation E. Direct services Correct Answer: Option A -…

5 years ago

Which of the following is not a negotiable instrument?

A. Share cerficate B. Cheque C. Bill of Exchange D. Dividend warrant E. Debenture Correct Answer: Option E - Debenture

5 years ago

Trade can be described as?

A. purchase of goods and services B. production of goods C. buying and selling D. distribution of goods E. storage…

5 years ago

Which of the following is not an aid to trade?

A. Transport B. Production C. Banking D. Insurance E. Warehouse Correct Answer: Option B - Production

5 years ago

Which of the following comes last in the chain of distribution? The

A. consumer B. manufacturer C. retailer D. wholesaler E. agent Correct Answer: Option A - consumer

5 years ago

Which of the following is not a basic want of man?

A. Transport B. Food C. Water D. Clothing E. Shelter Correct Answer: Option A - Transport

5 years ago

The function of commerce in production is that it?

A. helps in the extraction of raw materials B. provides a link between the different arms of production C. is…

5 years ago

Which of the following is not a branch of commerce?

A. Trade B. Transport C. Warehousing D. Production E. Banking Correct Answer: Option D - Production Explanation: The branches of…

5 years ago

Which of the following indicates the manufacturer from whom goods are to be bought?

A. Open indent B. Closed indent C. Consignment note D. Export invoice E. Certificate of origin Correct Answer: Option B…

5 years ago