MCQsFoundry.com brings to you 500+ Principles of Commerce ICOM Mcqs which are new and latest. These Mcqs are never published on internet so far. For full information about all PPSC / FPSC / CSS / PMS latest jobs visit theiteducation.com
Chapter # 15
Middleman
Encircle the most appropriate answer from the following options
1 Middlemen means those persons who:
- Buy goods from the retailer
- Buy goods from the wholesaler
- Help in transferring goods from producer to consumer
- Buy items from manufacturer
2 An agent means a person who:
- Buys goods from manufacturer
- Buys and sells goods
- Renders services to other organizations
- Produces goods himself
3 The remuneration of an agent is called:
- Wages
- Commission
- Profit
- Salary
4 The agent who sells and buys goods of all kinds is called:
- Commission agent
- Broker
- Underwriter
- Exporting agent
5 The agent appointed for the sale of goods:
- Broker
- Factor
- Auctioneer
- Underwriter
6 An agent who can receive the payment from buyer:
- Clearing agent
- Factor
- Export agent
- Underwriter
7. The broker agent gets for his services:
- Commission
- Surplus commission
- Profit
- Brokerage
8 A person who sells goods of merchant to another person is called:
- Retailer
- Agent
- Middleman
- Wholesaler
9 An agent appointed for sending goods to other countries is called:
- Export agent
- Forwarding agent
- Import agent
- Clearing agent
10 An agent who is helpful in the sale and purchase of shares:
- Clearing agent
- Forwarding agent
- Underwriter
- Auctioneer
11 The real or actual-proprietor or owner of goods is:
- Agentc.
- Principal
- Both (a) and (b)
- None of the (a) and (b)
12 The agent who receives goods on the port instead of the owner:
- Export agent
- Clearing agent
- Warehouse keeper
- Broker
13 An agent Who sells goods only for a specific organization is called:
- Common agent
- Travelling agent
- Special agent
- None of these
14. An agent who is responsible for the receipt of money besides selling goods:
- Broker agent
- Commission agent
- Del Credere agent
- Special agent
15. Who does transfer the goods from manufacturer to consumer:
- Retailer
- Wholesaler
- Middleman
- None of these
16 The persons who sell their purchased goods are called:
- Merchant middleman
- Middleman agents
- Both (a) and (b)
- None of these
17 The wholesaler and retailer are called:
- Middlemen (agents)
- Broker
- Merchant middlemen
- Factor
18 While selling the goods, an agent is:
- Bound to follow principal’s instructions
- Not bound to follow principal’s instructions
- Master of his own will
- None of these
19 An agent who cannot get the possession of goods from principal is:
- Factor
- Broker
- Commission agent
- None of these
20 Main types of middleman are:
- Wholesaler and broker
- Retailer and factor
- Merchant middleman trader and middleman agent
- Export and import trade/
21 Who does play an important role in the promotion of trade:
- Middleman
- Merchant middle
- Wholesaler
- None of these
22 Creates link between the manufacturer and consumer:
- Retailers
- Wholesalers
- Agents
- Middlemen