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Business,Trade and Commerece

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Business,Trade and Commerece

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Understanding Business

Created by

NITYA KANODIA
NITYA KANODIA
India

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Business,Trade and Commerece
 

Business,Trade and CommereceOnline version

Understanding Business

by NITYA KANODIA
1

Which of the following is not an auxiliary to trade?

2

Name the auxiliary to trade which removes the hindrance of time.

3

Commerce includes activities relating to trade and

4

The reward of risk is

5

The possibilities of inadequate profits or even losses due to uncertainties are known as

6

Business risk is not likely to arise due to

7

Which of the following is not a characteristic of a business activity?

8

Which of the following is an economic activity in which specialised knowledge is required?

9

Which of the following is an economic activity?

10

Which one of the following is an economic activity?

11

Industries like sugar mills or oil refineries fall under which category?

12

Name the two broad categories of business activities.

13

Why should a business earn profit?

14

Which instrument of exchange was prominent in the subcontinent?

15

What has played a vital role in economic development since ancient times?

16

What does 'Hundi' literally mean?

17

Which of the following is treated as an auxiliary to trade?

18

Assertion (A): Business represents the exchange of Goods and Services. Reason (R): Risk and uncertainties are always there in any form of business.

 
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