Question # 1

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

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Retailer

Middleman

Agent

Wholesaler

Because of international trade, the less developed countries make progress

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Economically

Politically

Stately/republically

None of the above

Name of kinds of filing:

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Central and horizonal filing

Central and departmental filing

Horizontal and vertical filing

Central and vertical filing

Important types of means of transport are

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Four

Three

Two

Five

The expenses for the formation of sole tradership are

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Less

More

Almost none

Not at all

What are the advantages of means of transportation ?

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Industrial development

Stability in prices

Expansion of market

All the above

Which business organization requires legal permission for commencement:

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Sole tradership

Partnership

Joint Sock Company

None of these

Due to advertisement, quality products are avail able at

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Reasonable price

Low price

High price

None of the above

Amount spent on advertisement is

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Heavy

Less

Reasonable

Nil

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

Partnership business as compared to sole tradership

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More flexible

Less flexible

Not flexible

May be in all forms

The liability of a partner in partnership is normally

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Limited

Unlimited

Not at all

All the above

In case of cumulative preference shares, the profit if not paid for one year is:

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Expired

Not Expired

Included in company's capital

None of the above

A non-active partner in a partnership

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Neither invests nor takes part in the business

Doesn't invest but takes part in the business

Invests but doesn't take part in the business

None of the above

Whose role is important in trade:

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Trade

Producer

Consumer

All the three

What is prepared by the exporter on the settlements of matters:

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Invoice

Consular invoice

Certificate of origin

All of these

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