Introduction to commercial organization

Name the two broad categories of business activities.

•  Trade and commerce 
•  trade and industry 
• industry and commerce
• none of these

Which of the following is not an example of non-economic activity?

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Hindrance of place is removed by:

• Communication
• Advertisement
• Warehousing
• Transportation

Economic activities mean

• Business

• Business and profession

• Business, profession and employment

• None of the above

A business takes into account the following activities

• Economics

• Non economics

• Social

• None of the above

A person involved in different economic activities for the purpose of earning profit is called

• Business man

• Trader

• Professional

• Industrialists

Income from business is called

• Profit

• Interest

• Satisfaction

• Utility

If any persons gets income on the basis of knowledge and skills then it is

• Business

• Economic activity

• Trade

• Profession

The basic objective of business is

• Exchange

• Earning profit

• Service to society

• Earning foreign exchange for the government

Trade is the component of

• commerce

• Industry

• Agriculture

• None of the above