11th class Principles of Commerce chapter 2 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 2(Nature and Scope of Commerce)

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

Sr. #	Questions	Answers Choice
1	Helps or facilitates to trade	Business organizations Retailers Trade auxiliaries National organizations
2	Secondary industry can be divided into two parts	Constructive, extractive Constructive, manufacturing Extractive, genetics Constructive, genetics
3	Primary industry can be divided into two parts	Extractive, genetics Constructive, genetics Extractive, secondary Construcive, manufacturing
4	Two types of industry	Constructive, genetics Extractive, genetics Primary, secondary Constructive, manufacturing
5	Two important components of the business	Trade and commerce Industry and commerce Trade and industry Profit and loss
6	Imports and exports are the kinds of	Home trade Foreign trade Provincial trade None of these
7	Trade means	Wholesaling Retailing Import and export All the three
8	Trade is the component of	Commerce Industry Agriculture None of these
9	Commerce is the component of	Industry Trade Business Government service
10	Industry is the component of	Commerce Trade Business Government service
11	Industry includes those activities which are related to	Selling and buying of goods Sale of goods Preparation of goods and services All the above
12	Commerce and business	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
13	Commerce is related to	Distribution of goods Sale of goods Purchase of goods All the above
14	Commerce means the activities which help in	Buying and selling of goods Transportation of goods Transferring goods from factory to consumers None of the above
15	The literal meaning of trade is	Exchange Buying and selling Removal of human obstacles Business

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