Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 15

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Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf
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01 Principles of Commerce ICOM Mcqs Chapter 01 02 Principles of Commerce ICOM Mcqs Chapter 02
03 Principles of Commerce ICOM Mcqs Chapter 03 04 Principles of Commerce ICOM Mcqs Chapter 04
05 Principles of Commerce ICOM Chapter 05 06 Principles of Commerce ICOM Chapter 06
07 Principles of Commerce ICOM Mcqs Chapter 07 08 Principles of Commerce ICOM Mcqs Chapter 08
09 Principles of Commerce ICOM Mcqs Chapter 09 10 Principles of Commerce ICOM Mcqs Chapter 10
11 Principles of Commerce ICOM Mcqs Chapter 11 12 Principles of Commerce ICOM Mcqs Chapter 12
13 Principles of Commerce ICOM Mcqs Chapter 13 14 Principles of Commerce ICOM Mcqs Chapter 14
15 Principles of Commerce ICOM Mcqs Chapter 15 16 Principles of Commerce ICOM Mcqs Chapter 16
17 Principles of Commerce ICOM Mcqs Chapter 17 18 Principles of Commerce ICOM Mcqs Chapter 18
19 Principles of Commerce ICOM Mcqs Chapter 19 20 Principles of Commerce ICOM Mcqs Chapter 20
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Chapter # 15

Middleman

Encircle the most appropriate answer from the following options


1 Middlemen means those persons who:

  1. Buy goods from the retailer
  2. Buy goods from the wholesaler
  3. Help in transferring goods from producer to consumer
  4. Buy items from manufacturer

2 An agent means a person who:

  1. Buys goods from manufacturer
  2. Buys and sells goods
  3. Renders services to other organizations
  4. Produces goods himself

3 The remuneration of an agent is called:

  1. Wages
  2. Commission
  3. Profit
  4. Salary

4 The agent who sells and buys goods of all kinds is called:

  1. Commission agent  
  2. Broker
  3. Underwriter    
  4. Exporting agent

5 The agent appointed for the sale of goods:

  1. Broker
  2. Factor
  3. Auctioneer      
  4. Underwriter

6 An agent who can receive the payment from buyer:

  1. Clearing agent
  2. Factor
  3. Export agent  
  4. Underwriter

7. The broker agent gets for his services:

  1. Commission   
  2. Surplus commission
  3. Profit  
  4. Brokerage

8 A person who sells goods of merchant to another person is called:

  1. Retailer           
  2. Agent
  3. Middleman     
  4. Wholesaler

9 An agent appointed for sending goods to other countries is called:

  1. Export agent  
  2. Forwarding agent
  3. Import agent
  4. Clearing agent

10 An agent who is helpful in the sale and purchase of shares:

  1. Clearing agent
  2. Forwarding agent
  3. Underwriter  
  4. Auctioneer

11 The real or actual-proprietor or owner of goods is:

  1. Agentc.
  2. Principal
  3. Both (a) and (b)
  4. None of the (a) and (b)

12 The agent who receives goods on the port instead of the owner:

  1. Export agent  
  2. Clearing agent
  3. Warehouse keeper    
  4. Broker

13 An agent Who sells goods only for a specific organization is called:

  1. Common agent
  2. Travelling agent
  3. Special agent
  4. None of these

14. An agent who is responsible for the receipt of money besides selling goods:

  1. Broker agent  
  2. Commission agent
  3. Del Credere agent
  4. Special agent

15. Who does transfer the goods from manufacturer to consumer:

  1. Retailer           
  2. Wholesaler
  3. Middleman    
  4. None of these

16 The persons who sell their purchased goods are called:

  1. Merchant middleman          
  2. Middleman agents
  3. Both (a) and (b)
  4. None of these

17 The wholesaler and retailer are called:

  1. Middlemen (agents)   
  2. Broker
  3. Merchant middlemen          
  4. Factor

18 While selling the goods, an agent is:

  1. Bound to follow principal’s instructions
  2. Not bound to follow principal’s instructions
  3. Master of his own will
  4. None of these

19 An agent who cannot get the possession of goods from principal is:

  1. Factor 
  2. Broker
  3. Commission agent     
  4. None of these

20 Main types of middleman are:

  1. Wholesaler and broker
  2. Retailer and factor
  3. Merchant middleman trader and middleman agent
  4. Export and import trade/

21 Who does play an important role in the promotion of trade:

  1. Middleman    
  2. Merchant middle
  3. Wholesaler     
  4. None of these

22 Creates link between the manufacturer and consumer:

  1. Retailers         
  2. Wholesalers
  3. Agents
  4. Middlemen