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1
The three main division of production are?
A extraction, manufacturing and construction
B import, export and entrepot
C industry, commerce and direct service
D industry, trade and direct service
↪ Answer
Correct Option: A
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2
Into which of the following two broad areas can trade be divided?
A home and foreign trade
B home and retail trade
C wholesale and retail trade
D foreign and wholesale trade
↪ Answer
Correct Option: A
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3
Which of the following is not true of a sole proprietorship?
A It has a separate legal entity
B It has unlimited liability
C It has a slim chances of expansion
D The capital is small
↪ Answer
Correct Option: A
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4
Which of the following is an investor earns profit on the basis of his patronage?
A debenture holder
B partner
C sole proprietor
D co-operative member
↪ Answer
Correct Option: D
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5
Which of the following is an investor earns profit on the basis of his patronage?
A debenture holder
B partner
C sole proprietor
D co-operative member
↪ Answer
Correct Option: D
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6
A group of retailing shops under one management and selling then same products is known as?
A multiple shop
B supermarket
C department stores
D variety store
↪ Answer
Correct Option: A
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7
A group of retailing shops under one management and selling then same products is known as?
A multiple shop
B supermarket
C department stores
D variety store
↪ Answer
Correct Option: A
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8
Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
A Department store
B Supermarket
C Mobile shop
D Wholesale stores
↪ Answer
Correct Option: C
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9
When payments is required for goods at the time order is placed, the term of payment quoted is?
A C.O.D
B C.W.O
C C.I.F
D F.O.R
↪ Answer
Correct Option: B
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10
The provision of all kinds of services is related to?
A primary production
B secondary production
C territorial production
D construction
↪ Answer
Correct Option: E
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