1st Year Principles of Commerce Chapter 9 TestHome Trade

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

1. Whole seller purchases goods in:

   1. Reasonable quantity

   2. Large quantity

   3. Small quantity

   4. All

2. The document through which goods are offered for sale:

   1. Quotation

   2. Agreement to sale

   3. Formal invoice

   4. Invoice

3. Due to progress in home trade, the following problem is solved:

   1. Water

   2. Unemployment

   3. Illiteracy

   4. All of the above

4. A hawker sells good to:

   1. Consumer

   2. Whole seller

   3. Producer

   4. Govt

5. Whole seller is a link between:

   1. Customer and retailer

   2. Producer and customer

   3. Producer and retailer

   4. Among all these

6. There is an increase in following production because of home trade:

   1. Foreign

   2. National

   3. Regional

   4. Domestic

7. A man who deals in ready made goods is:

   1. Distributor

   2. Trader

   3. Worker

   4. Producer

8. It is include in home land trade:

   1. Manufacturer

   2. Wholesaler

   3. Retailer

   4. All of these

9. Whose role is important in trade:

   1. Trader

   2. Producer

   3. Consumer

   4. All the three

10. In retailing goods are sold at:

    1. Large scale

    2. Small scale

    3. Fixed price

    4. Of same nature