Commerce 2014 | Study Mode

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Question 1
A
tourism
B
commerce
C
agriculture
D
socio-cultural activities
Explanation

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Correct option: B
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Question 2
A
an airplane
B
an iron ore
C
a shoe
D
a textile material
Explanation

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Correct option: B
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Question 3
A
local authority
B
community
C
government
D
individual
Explanation

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Correct option: D
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Question 4
A
has an elastic supply
B
is an active factor of production
C
is heterogenous in nature
D
is subject to returns to scale
Explanation

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Correct option: B
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Question 5
A
the market size
B
the availability of banks
C
sex distribution
D
government policy
Explanation

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Correct option: A
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Question 6
A
commercial
B
manufacturing
C
service
D
extractive
Explanation

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Correct option: D
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Question 7
A
producer co-operative
B
consumer co-operative
C
multiple shop
D
departmental store
Explanation

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Correct option: C
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Question 8
A
bill of lading
B
bill of sight
C
consular invoice
D
warehouse warrant
Explanation

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Correct option: D
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Question 9
A
a bill of sight
B
an invoice
C
an indent
D
a bill of entry
Explanation

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Correct option: C
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Question 10
A
control of the flow of goods in and out of the country
B
control of security agents within and out of the borders
C
provision of dockyards for ship repairs and maintenance
D
provision of transport system to facilitate imports and exports
Explanation

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Correct option: A

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