Question # 1

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 agnet

Import agent

Forwarding agent

Clearing agent

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

The real or actual proprietor or owner of goods is

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Agent

Principal

Both a and b

None of these

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

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

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

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Export agent

Warehouse keeper

Clearing agent

Broker

The real or actual proprietor or owner of goods is:

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Export agent

Warehouse keeper

Clearing agent

Broker

An agent means a person who

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Produces goods himself

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

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Retailer

Middleman

Agent

Wholesaler

An agent who can receive the payment from buyer

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Clearing agent

Export agent

Factor

Underwriter

While selling the goods, anagent is:

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Bound to follow principal's instructions

Not bound to follow principal's instructions

Master of his own will

None of these

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

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Commission agent

Underwritter

Broker

Exporting agnet

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

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

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Retailer

Middleman

Agent

Wholesaler

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

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Common agent

Travelling agent

Special agent

Non of these

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

The remuneration of an agent is called:

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Wages

Profit

Salary

Commission

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

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Commission agent

Underwriter

Broker

Exporting agent

Who does transfer the goods from manufacturer to consumer:

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Retailer

Wholesaler

MIddleman

None of these

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

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

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