Question # 1

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

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

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

The agent appointed for the sale of goods:

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Broker

Auctioneer

Factor

Underwritter

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

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Commission agent

Underwriter

Broker

Exporting agent

Who does play an important role in the promotions of trade:

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Middleman

Wholesaler

Merchant middle

None of these

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

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

Who does transfer the goods from manufacturer to consumer:

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Retailer

Wholesaler

MIddleman

None of these

An agentt means a person who:

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Producers goods himself

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

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 real or actual proprietor or owner of goods is

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Agent

Principal

Both a and b

None of these

Middlemen means those persons who:

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

Buy items from manufacturer

The remuneration of an agent is called:

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Wages

Profit

Salary

Commission

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

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Retailer

Middleman

Agent

Wholesaler

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

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Retailer

Middleman

Agent

Wholesaler

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

Choose an answer

Commission agent

Underwritter

Broker

Exporting agnet

The agent appointed for the sale of goods

Choose an answer

Broker

Auctioneer

Factor

Underwriter

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

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 remuneration of an agent is called

Choose an answer

Wages

Profit

Salary

Commission

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

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