Quiz on Introduction to Commerce and Business

#1. Aim of business is to earn ……….

#2. Commerce is a branch of …………

#3. Warehousing creates ………… utility in goods.

#4. Buying goods and services from foreign countries for home consumption is called ………… trade.

#5. Actual buying and selling of goods is known as ……..

#6. Raw material is converted into finished product by …………… industry.

#7. Construction of dams is an activity done under …………. industry.

#8. A business unit depends upon …………… for selling its output.

#9. The business activity concerned with the distribution of goods and services is known as …………..

#10. The supportive agencies to trade transactions are known as ……………

#11. Buying and selling goods between the two countries is known as …………….

#12. National level code of conduct is prepared for ………………

#13. Difficulty of finance is solved by …………..

#14. …………………. mainly related with the production of goods.

#15. The problem of distance is solved by…………….

#16. Buying the goods in raw form from a foreign country and selling the same to another country in the finished form is called …….. trade.

#17. An employee gets a fixed return known as …………..

#18. A lawyer is ……………..

#19. Place utility is created by ……………

#20. Buying and selling of goods within the boundaries of the same country is known as ……………

#21. Return in business is called

#22. The activity that removes difficulty of risk is ………….

#23. …………… is an activity where a person has to work under a contract of service.

#24. Industry creates ……………

#25. …………. industry is related with drawing of goods from beneath the earth.

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