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Business, Trade and Commerce Test 29

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Business, Trade and Commerce Test 29
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Weekly Quiz Competition
  • Question 1
    1 / -0
     Foreign trade was financed by________.
    Solution
    The correct answer is loans.
     Foreign trade was financed by loans. However, the rate of interest for longer voyages was kept high in view of the huge risk involved.
  • Question 2
    1 / -0
    Large share of silver bullion gravitated towards ___________.
    Solution
     An expanding trade brought in huge amounts of silver bullion into Asia and a large share of that bullion gravitated towards India.Therefore the correct answer is India.
  • Question 3
    1 / -0
    Intermediaries involve :
    Solution
    The correct answer is option D.
    Intermediaries  comprises of commission agents, brokers and distributors both for wholesale and retail goods.
  • Question 4
    1 / -0
     When did Vasco da Gama came to the shores of Malabar?
    Solution
    Option A is the correct answer.
     It was in the search for an alternate route to India for spices that led to the discovery of America by Columbus in the closing years of 15th century and also brought Vasco da Gama to the shores of Malabar in 1498. 
  • Question 5
    1 / -0
     Trade was maintained by both_______ and _______.
    Solution
    Option B is the correct answer.
    Transport by land and water was popular in the ancient times. Trade was maintained by both land and sea.
  • Question 6
    1 / -0
    ____________was a bustling emporium that it was visited by Chinese ships to acquire items, like frankincense , pearls, cotton,etc from India.
    Solution
    Calicut is the correct answer.
    Calicut was such a bustling emporium that it was even visited by Chinese ships to acquire items, like frankincense (essential oil) and myrrh (fragrant resin used in perfumes, medicines) from the Middle East, as well as, pepper, diamonds, pearls and cotton from India.
  • Question 7
    1 / -0
     ___________ trade was another important branch of global trade network.
    Solution
    Maritime is the correct answer.
    Maritime trade was another important branch of global trade network. 
  • Question 8
    1 / -0
    Traders of Gujarat were called :
    Solution
    Bhats were the traders of Gujarat and Rajasthan.In different parts of the country, different communities dominated trade. Punjabi and Multani merchants handled business in the northern region, while the Bhats managed the trade in the states of Gujarat and Rajasthan.
  • Question 9
    1 / -0
    Assembling is part of __________ industry.
    Solution
    In the assembly industry, the various finished products are combined to produce a new finished product. For example:- manufacturing computers, television, watches, automobiles, etc. Hence, it is a part of the manufacturing industry.
  • Question 10
    1 / -0
    Which of the following cannot be categorised as a social objective of a business?
    Solution
    The social objectives of a business are:-
    1. Supply of desired quality of products
    2. Avoidance of unfair trade practices 
    3. Employment generation 
    4. Social service or community service
    5. Avoidance of pollution 
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