Question # 1

Two important components of the business:

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

An import trader can get himself registered under:

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import and export control Act 1950

import and export control Act 1952

import and export control Act 1975

None of these

The wholesaler creates a link between:

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Retailer and consumer

Retailer and manufacturer

Consumer and manufacturer

All the above

Human activities consist of following activities:

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Un-commended

Commanded

Commanded and un-commanded

None of the above

Musharika is based on Islamic

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Concept of interest

Concept of non-interest

Both included

None of both

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

Choose the correct important departments in an office

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Purchase department

Sales department

Advertising department

All the above

How many problem in home trade

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7

8

9

10

The indent in which the complete detail of goods is written called

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Close indent

Open indent

Complete indent

None of these

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

Which business organization requires legal permission for commencement:

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Sole tradership

Partnership

Joint Sock Company

None of these

Sole proprietor's is generally carried on

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Small scale

Medium scale

Large scale

All these are wrong

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

If the court declares the bankruptcy of any partner in partnership then

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The partnership continues

The partnership becomes weak

The partnership becomes cancels

A new partner is admitted

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

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Retailer

Middleman

Agent

Wholesaler

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