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11th Standard English Medium Commerce Subject Types of Trade Book Back 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. The purchase of goods from a Foreign Country is called _____.

    (a)

    Import

    (b)

    Export

    (c)

    Entrepot

    (d)

    Re-export

  2. When goods are Imported for the purpose of Export it is called as _____.

    (a)

    Foreign Trade

    (b)

    Home Trade

    (c)

    Entrepot Trade

    (d)

    Trade

  3. _____ acts as a connective link between the producer and the consumer.

    (a)

    Trade

    (b)

    Industry

    (c)

    Commerce

    (d)

    Business

  4. The aim of home trade is _____

    (a)

    To raise the standard of living

    (b)

    To provide the essential goods and services economically

    (c)

    To raise the National Income

    (d)

    To obtain all types of goods

  5. Internal trade can be classified into _____ categories.

    (a)

    Three

    (b)

    Four

    (c)

    Two

    (d)

    Five

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