Question # 1

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

Primary industry can be divided into two parts

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Extractive, genetics

Constructive, genetics

Extractive, secondary

Construcive, manufacturing

Trade is the component of:

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Commerce

Industry

Agriculture

None of these

Two important components of the business

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

Industry is the component of

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Commerce

Trade

Business

Government service

Trade is the component of

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Commerce

Industry

Agriculture

None of these

The literal meaning of trade is

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Exchange

Buying and selling

Removal of human obstacles

Business

The literal meaning of trade of:

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Exchange

Buying and selling

Removal of human obstacles

Business

Primary industry can be divided into two parts/types:

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Extractive, genetics

Constructive, genetics

Extractive, secondary

Constructive, manufacturing

Commerce means the activities which help in

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Buying and selling of goods

Transportation of goods

Transferring goods from factory to consumers

None of the above

Commerce is related to:

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Industry includes those activities which are related to

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

Commerce is related to

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Commerce is the component of:

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Industry

Trade

Business

Government service

Commerce and business

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The scope of business is wider than commerce

The scope of commerce is wider than business

Both have the same scope

Both have a wider scope than each other

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Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test MCQs With Answers

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