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Business, Trade and Commerce Test 25

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Business, Trade and Commerce Test 25
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Human activities that are performed to earn profit or monetary gain are called ___________.
    Solution

    Human activities that are performed to earn profit or monetary gain are called economic activities. Non-economic activities are undertaken with the intention to provide service without paying consideration to financial gain. Then, marketing activities are measures taken to achieve marketing goals. Also, production activities are undertaken to raise production.

    Thus, the correct answer is A.





  • Question 2
    1 / -0
    Frictional unemployment rate of ________ is consistent with full employment level, as per the experience of developed countries.
    Solution
    Frictional unemployment is an unemployment situation where people are not unemployed owing to not getting any job but they are unemployed because they are searching for a new job or they are getting transferred from one employment to the other. Frictional unemployment remains consistent with full employment if it is at a rate of 3-4% of the full employment. 
    Hence, option A is correct.
  • Question 3
    1 / -0
    _____ is the agency which facilitate proper flow of goods.
    Solution
    The trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market. 
    An early form of trade, barter, saw the direct exchange of goods and services for other goods and services. An example of trade is when you work in sales. An example of trade is the act of exchanging one item for another or one item for the money.
  • Question 4
    1 / -0
    Which of the following sector comes under the category of "tertiary sector"?
    Solution

    The term "service sector" refers to a monetary sector that, unlike cultivation and industry, produces no goods, but provides a service that satisfies a need. Education, health, finance, government, transportation, and trade are service sectors.

    The service sector provides services, rather than producing material commodities. presentation in the service segment contain retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, infrastructure, electricity, gas and water supply.

    Thus, the correct option is C.

  • Question 5
    1 / -0
    The famous ________ also passed from India and silk was exported to Western countries through Barygaza.
    Solution
    The famous Chinese silk route also passed from India and silk was exported to Western countries through Barygaza.
  • Question 6
    1 / -0
    Human activities can be classified into _______________ and __________________ activities.
    Solution
    The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement. 
    Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.
  • Question 7
    1 / -0
    ___________ being situated on the strategic route had many busy entrepots where the maritime terminal helped in docking ships and boats that were used for export and import of goods.
    Solution
    Option C is the correct option.
    Western Indian Sea front
  • Question 8
    1 / -0
    Which of the following is not a  characteristic of  business activity?
  • Question 9
    1 / -0
    Paid dividend is Rs 20 and current price is Rs 50 then dividend yield will be __________.
  • Question 10
    1 / -0
    Select the incorrect statement/statements about the 'misery index' using the code given.
    $$1$$. This is an index of economic misery in an economy.
    $$2$$. This is sum of the rate of inflation and unemployment for an economy at particular points of time.
    $$3$$. Lower is the value, lower the misery is.
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