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11th Standard English Medium Commerce Subject Historical Background of Commerce in The Sub-Continent Creative 3 Mark Questions with Solution Part - I

Published on: 26/06/2021

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Creative Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What are all the supports of trade network in Pandiya Country?

List out the Important Hindrance of Business.

What are the conditions to be satisfied for the working of barter system?

What is hindrance of finance?

What is meant by hindrance of knowledge?

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Answers Key:

Generic 2

5 x 2 = 10

The Hebrew and Latin literature, archaeological remains in Aden, Alexandria, Java, Sumatra and even China adds support to the trade network in Pandiya Country.

(i) Hindrance of Person
(ii) Hindrance of Place
(iii) Hindrance of Time
(iv) Hindrance of Finance
(v) Hindrance of Knowledge

(i) Each person must have a surplus of stock.
(ii) The needs of both the parties must coincide i.e. each party is willing to take the goods each other desperately.
(iii) The buyer and the seller should meet personally to effect the exchange.

(i) Producers and traders may not have the required funds at the time of their need.
(ii) The problem of finance affects the producer, trader and the consumer.
(iii) This Hindrance is known as Hindrance of Finance.

(i) The Consumer may not buy the best products available in the market because they may not possess the knowledge of the market conditions.
(ii) Hence, it is known as hindrance of knowledge.