Trade and aids to trade

Written by Prof. Kamran Ali (Commerce)

گیارہویں جماعت · Commerce · 12 سوالات

نام: ____________________ تاریخ: ____________

The buying and selling of goods and services is called:
- A Insurance
- B Production
- C Banking
- D Trade
Trade between two countries is called:
- A Wholesale trade
- B Home trade
- C Foreign trade
- D Retail trade
Buying goods from another country is called:
- A Import
- B Wholesale
- C Export
- D Retail
Importing goods in order to export them again is:
- A Home trade
- B Retail trade
- C Barter
- D Entrepot trade
A trader who sells goods in small quantities to consumers is a:
- A Importer
- B Wholesaler
- C Retailer
- D Producer
Banking removes the difficulty of:
- A Risk
- B Payment
- C Distance
- D Storage
Transport removes the difficulty of:
- A Knowledge
- B Time
- C Distance
- D Risk
Insurance removes the difficulty of:
- A Payment
- B Distance
- C Risk
- D Knowledge
Warehousing removes the difficulty of:
- A Payment
- B Risk
- C Time
- D Distance
Advertising removes the difficulty of:
- A Knowledge
- B Payment
- C Risk
- D Distance
Which of these is an aid to trade?
- A Banking
- B Mining
- C Farming
- D Weaving
A trader who buys in bulk and sells to retailers is a:
- A Wholesaler
- B Consumer
- C Producer
- D Importer only

جوابی کلید

1. D, 2. C, 3. A, 4. D, 5. C, 6. B, 7. C, 8. C, 9. C, 10. A, 11. A, 12. A

Trade is the exchange of goods and services.
Foreign trade is also called external trade.
An import is a purchase from another country.
This is the meaning of entrepot trade.
Retailers deal directly with final consumers.
Banks provide a safe and easy way to pay and to get credit.
Transport moves goods from producers to consumers.
Insurance compensates for loss.
Goods are stored until they are needed.
Advertising informs buyers about goods.
Banking, transport, insurance, warehousing, advertising and communication are aids to trade.
The wholesaler links producers and retailers.