Activities undertaken with the object of earning money are called ____________ activities.

(a)

primary

(b)

secondary

(c)

economic

(d)

non-economic

Commerce involves an exchange of ................for the sake of earning profits

(a)

ideas

(b)

mutual interest

(c)

goods

(d)

goods and services

Commerce is mainly concerned with ______.

(a)

Connecting producer and consumer

(b)

Pricing of Goods

(c)

Buying and Selling of Goods

(d)

Manufacturing of goods

When his business assets are not sufficient to pay off the business debts, he has to pay from his personal property _________

(a)

Unlimited Liability

(b)

Flexibility

(c)

Small capital

(d)

Limited Liability

The Government appointed a committee to review the working of Co-operatives under the chairmanship of ________.

(a)

Florace Plunkett

(b)

Talmaki

(c)

Meclagoon

(d)

H.C. Calvert

In the case of .................... the whole of the capital or 51% or more is owned by the government.

(a)

Government company

(b)

Departmental undertaking

(c)

Public limited company

(d)

Public corporation

Socially responsible business provides goods at _______.

(a)

High price

(b)

Low price

(c)

reasonable price

(d)

moderate price

________ type of loan taken from the bank for immovable assets.

(a)

Trade credit

(b)

Mortgage

(c)

Hypothecation 

(d)

Pledge

Indent House is also called_______.

(a)

indent firms

(b)

clearing agent

(c)

middle men

(d)

service agent

The day to day administration of WTO is entrusted with _____________

(a)

Executive Council

(b)

General Council

(c)

Administrative Council

(d)

General body