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Chapter # 02
Nature and Scope of Commerce
Encircle the most appropriate answer from the following options
1.The literal meaning of trade is:
- Exchange
- Buying and selling
- Removal of human obstacles
- Business
2.Commerce means the activities which
- Buying and selling of goods
- Transportation of goods
- Transferring goods from factory to consumers
- None of the above
3.Commerce is related to.
- Distribution of goods
- Sale of goods
- Purchase of goods
- All the above
4. Industry includes those activities which are related to
- Selling and buying of goods
- Sale of goods
- Preparation of goods and services
- All the above
5.Commerce is the component of:
- Industry
- Trade
- Business
6. Trade means:
- Wholesaling
- Retailing
- Import and Export
- All the above
7. Two important component of business
- Trade and industry
- Profit and loss
- Industry & commerce
- Trade & industry
8.Two types of industry:
- Constructive, genetics
- Extractive, genetics
- Primary, secondary
- Constructiv , manufacturing
9.Helps or facilitates to trade:
- Business organizations
- Retailers
- Trade auxiliaries
- National organizations