Contents
#1. Time utility is created by which of the following?
#2. Balance of payments is a ___________ concept as compared to balance of trade.
#3. Hindrance of Place is removed by which of the following?
#4. How does commerce impact a nation's GDP (Gross Domestic Product)?
#5. Goods imported for the purpose of export are known as:
#6. A Valid definition of a business purpose is:
#7. TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by the:
#8. A form utility is created by which of the following?
#9. Hindrance of risk is removed by which of the following?
#10. Which of the following is not considered an aid of trade?
#11. Among the following options, which one is not the objective of the WTO?
#12. If a country has a trade deficit, it means:
#13. Who among these can check the price by holding back the goods when prices fall and releasing the goods when prices rise?
#14. One example of Small Scale Fixed retailers among these is:
#15. What is the primary function of trade logistics in aids of trade?
#16. Which type of commerce involves the exchange of goods and services within a country's borders?
#17. Import and export of goods are known as _____.
#18. What does a positive balance of trade indicate?
#19. Import of machinery and equipment is recorded under __________ of the ______ account.
#20. Commerce can help improve the standard of living by:
#21. Balance of Payments is an accounting statement that records monetary transactions between ________.
#22. WTO is replaced which of the following organizations?
#23. Which type of commerce involves the exchange of goods and services between countries?
#24. Balance of trade is the ___________.
#25. Which of the following describes e commerce?
#26. What is a customs duty?
#27. How many members are present in the WTO?
#28. How does commerce contribute to societal development in terms of innovation and technology?
#29. The middlemen between the manufacturer and retailer are called:
#30. This retail business acts as a universal supplier of a wide variety of products.
#31. Foreign exchange transactions that are dependent on other activities in the Balance of Payments account are __________ transactions.
#33. Industry concerned with:
#34. Commerce plays a significant role in creating employment opportunities. This is an example of its impact on:
#35. Which term represents the difference between a country's exports and imports of goods only?
#36. Which of the following is an example of e-commerce?
#37. Commerce means:
#38. Which of the following is not Manufacturing Industry?
#39. Industry creates which of the following utility?
#40. Which of the following is not a component of the Balance of Payments?
#41. Warehousing creates which of the following utility?
#42. Purchasing goods from a foreign country is called:
#43. What does "FOB" stand for in international trade?
#44. The middlemen between the wholesaler and consumer are called:
#45. An increase in the foreign exchange reserve gets recorded on the _________ of the Balance of Payments account.
#46. These are agents whose function is to bring the buyer and the seller into contact.
#47. Which type of trade barrier restricts the quantity of a product that can be imported or exported?
#48. Which of these institutions is not a part of the World Bank community?
#49. Hindrance of Finance is removed by which of the following?
#50. The measures taken to improve the negative Balance of Payments include ___________.
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