Contents
#1. Which organization regulates international trade and sets rules for imports and exports?
#2. Hindrance of Place is removed by which of the following?
#3. Who among these can check the price by holding back the goods when prices fall and releasing the goods when prices rise?
#4. Among the following options, which one is not the objective of the WTO?
#5. Import and export of goods are known as _____.
#6. WTO is replaced which of the following organizations?
#7. Transport creates which of the following utility?
#8. Which of the following is not a component of commerce?
#9. The Balance of Payment account records the inflow of foreign exchange on the _______.
#10. The middlemen between the wholesaler and consumer are called:
#11. Foreign exchange transactions that are independent of other activities in the Balance of Payments account are ________ transactions.
#12. Balance of payments is a ___________ concept as compared to balance of trade.
#13. Mobile traders who deal in low-priced articles with no fixed place of business are called:
#14. When payments of foreign exchange are more than receipts, then the Balance of Payments is __________.
#15. Which of these institutions is not a part of the World Bank community?
#16. What is the primary purpose of an Export License?
#17. When did the World Trade Organization come into effect?
#18. Industry creates which of the following utility?
#19. Which of the following is not a component of the Balance of Payments?
#20. Which of the following is not a component of the balance of trade?
#21. Balance of Payments is an accounting statement for _________.
#22. A form utility is created by which of the following?
#23. If a country has a trade deficit, it means:
#24. Commerce plays a significant role in creating employment opportunities. This is an example of its impact on:
#25. Business includes:
#26. Commerce relates to which of the following?
#27. Purchasing goods from a foreign country is called:
#28. A Valid definition of a business purpose is:
#29. Balance of trade is the ___________.
#30. Trade Deficit occurs when ______________.
#31. Which international trade term signifies that the seller is responsible for all costs and risks until the goods are delivered to the buyer's premises?
#32. TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by the:
#33. What does "FOB" stand for in international trade?
#34. Warehousing creates which of the following utility?
#35. What do you call the buying and selling of goods or services within the geographical area of a country?
#36. Which of the following is not considered an aid of trade?
#37. Which of the following is not Manufacturing Industry?
#38. What is the primary function of trade logistics in aids of trade?
#39. These are agents whose function is to bring the buyer and the seller into contact.
#40. What is the primary goal of commerce in societal development?
#41. Hindrance of Time is removed by which of the following?
#42. Which of the following describes e commerce?
#43. Which term represents the difference between a country's exports and imports of goods only?
#44. Where is the headquarters of the WTO located?
#45. Which type of commerce involves the exchange of goods and services within a country's borders?
#46. This retail business acts as a universal supplier of a wide variety of products.
#47. Commerce can help improve the standard of living by:
#48. How does commerce contribute to societal development in terms of innovation and technology?
#49. Which of the following is not a component of commerce?
#50. Which of the following is not economic activity?
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