Activities undertaken out of love and affection or with social service motive are termed as:

(a)

Economic activities

(b)

Monetary activities

(c)

Non Economic activities

(d)

Financial Activities

Commerce is mainly concerned with ______.

(a)

Connecting producer and consumer

(b)

Pricing of Goods

(c)

Buying and Selling of Goods

(d)

Manufacturing of goods

From the following which one is Non-corporate form of business?

(a)

Joint stock company

(b)

Sole trading business

(c)

Government company

(d)

Co-operatives

Selling of Goods from home country to foreign country is called______.

(a)

Home Trade

(b)

Entrepot Trade

(c)

Foreign Trade

(d)

Joint Venture

The Exporters appoint the _________ agent to fulfill the customs formalities

(a)

Clearing Agent

(b)

Forwarding Agent

(c)

Commission Agent

(d)

Factor

Balance of payments surplus indicates _______.

(a)

Exports are more than the Imports

(b)

Imports are more than Exports

(c)

Exports and Imports are at equilibrium

(d)

Exports and Imports are above equilibrium

A contract with or by a minor is a _________.

(a)

Valid contract

(b)

Void contract

(c)

Voidable contract

(d)

Voidable at the option of either party

A person is said to be a third person if he is not a ____________

(a)

Promisor

(b)

Promise

(c)

Agent

(d)

Legal representative

Agricultural income earned in India is ______.

(a)

Fully Taxable

(b)

Fully Exempted

(c)

Not considered for Income

(d)

None of the above

In India GST became effective from?

(a)

1^st April, 2017

(b)

1^st January, 2017

(c)

1^st July, 2017

(d)

1^st March, 2017