Question # 1

The literal meaning of trade is

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Exchange

Buying and selling

Removal of human obstacles

Business

Helps of facilitates the trade:

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Business organizations

Retailers

Trade auxiliaries

National organizations

Two types of industry

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Constructive, genetics

Extractive, genetics

Primary, secondary

Constructive, manufacturing

Helps or facilitates to trade

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Business organizations

Retailers

Trade auxiliaries

National organizations

Industry is the component of:

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Commerce

Trade

Business

Government service

Trade means

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Wholesaling

Retailing

Import and export

All the three

Industry is the component of

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Commerce

Trade

Business

Government service

Commerce is the component of:

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Industry

Trade

Business

Government service

Secondary industry can be divided into two parts

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Constructive, extractive

Constructive, manufacturing

Extractive, genetics

Constructive, genetics

Trade is the component of

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Commerce

Industry

Agriculture

None of these

Secondary industry can be divided into two parts/types:

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Constructive, extractive

Constructive, manufacturing

Extractive, genetics

Constructive, genetics

Industry includes those activities which are related to:

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

Commerce is related to

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Distribution of goods

Sale of goods

Purchase of goods

All the above

Commerce means the activities which help in:

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Buying and selling of goods

Transportation of goods

Transferring goods from factory to consumers

None of the above

Industry includes those activities which are related to

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Selling and buying of goods

Sale of goods

Preparation of goods and services

All the above

Two important components of the business:

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Trade and commerce

Industry and commerce

Trade and industry

Profit and loss

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

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