1st Year Principles of Commerce Chapter 15 TestMiddlemen

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. Creates link between the manufacturer and consumer.

   1. Retailers

   2. Wholesaler

   3. Agents

   4. Middlemen

2. A person who sells goods of merchant to another person is called:

   1. Retailer

   2. Middlemen

   3. Agent 

   4. Wholesaler

3. Main types of middleman are:

   1. Wholesaler and broker

   2. Retailer and factor

   3. Merchant middleman trader and middleman agent

   4. Export and import trader

4. The agent who sells and buys goods of all kinds is called:

   1. Commission agent

   2. Underwriter

   3. Broker

   4. Exporting agent

5. Who does play an important role in the promotion of trade?

   1. Middleman

   2. Wholesaler

   3. Merchant middle

   4. None of the above

6. The wholesaler and retailer are called:

   1. Middlemen

   2. Merchant middlemen

   3. Broker

   4. Factor

7. The remuneration of an agent is called:

   1. Wages

   2. Profit

   3. Salary

   4. Commission

8. An agent who is responsible for the receipt of money besides selling goods:

   1. Broker agent

   2. Delcredere agent

   3. Commission agent

   4. Special agent

9. The broker agent gets for his services:

   1. Commission

   2. Profit

   3. Surplus commission

   4. دلالی کی صورت میں ملتا ہے

10. An agent appointed for sending goods to other countries is called:

    1. Export agent

    2. Import agent

    3. Forwarding agent

    4. Clearing agent