Question # 1

The agent who sells and buys goods of all kinds is called

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Commission agent

Underwriter

Broker

Exporting agent

The broker agent gets for his services

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Commission

Profit

Surplus commission

Brokerage

An agent who sells goods only for a specific organization is called

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Common agent

Travelling agent

Special agent

None of these

The real or actual proprietor or owner of goods is:

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Export agent

Warehouse keeper

Clearing agent

Broker

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

The agent who receives goods on the port instead of the owner

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Export agent

Warehouse keeper

Clearing agent

Broker

The wholesaler and retailer are called:

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Middleman (agents)

Merchant middlemen

Broker

Factor

The real or actual proprietor or owner of goods is

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Agent

Principal

Both a and b

None of these

The persons who sell their purchased goods are called:

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Merchant middleman

Middlemanagents

Both (a) and (b)

Factor

Main types of middleman are:

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Wholesaler and broker

Retailer and factor

Merchant middleman trader and middleman agent

Export and import trader

The agent who sells and buys goods of all kinds is called:

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Commission agent

Underwritter

Broker

Exporting agnet

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

An agent who is helpful in the sale and purchase of shares:

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

A person who sells goods of merchant to another person is called:

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Retailer

Middleman

Agent

Wholesaler

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Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test MCQs With Answers

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