Question # 1

The objective of life insurance is to:

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Make investment

Lessen the financial burden

Get security for loan

All of above

What is written on the bill of entry of goods

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Quantity and price

Value of insurance

Quality and type

None of the above

The liability of shareholders in co-operative society

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Limited

Unlimited

Both a and b

None

What are the capital sources of co-operative society:

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Fee of members

By selling shares to members

Both (a) and (b)

National and international institutions

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

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Commission agent

Underwritter

Broker

Exporting agnet

Another name for quotation letter

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Catalogue

Order

All of the above

None of these

If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called

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Open indent

Close indent

Both a and b

None of these

A company can sell its shares on the allowing prices:

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At par

At discount

At premium

All the above

A retailer buys good from following market:

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National / home

Local

International

All of the above

In Shirkat-ul-Anan the share holders/partners invest:

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Only cash

Cash and goods

Only goods

All are correct

The expenses for the formation of sole tradership are

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Less

More

Almost none

Not at all

The businessman is

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A trader

A producer

A distributor

A trader, producer and distributor

The chamber of commerce and industry is formed for

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Commerce

Trade

Industrial activities

All the above

Trade means

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Wholesaling

Retailing

Import and export

All the three

To increase business, small packets of goods are and distributed among the people at:

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Less price

Free of cost

Original price

More profit

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

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