Trade and Commerce

Business means

• commerce

• Industry and commerce

• Trade and commerce

• selling and buying goods

Which of the following is NOT an economic activity?

• a doctor practicing

• a lawyer practicing law

• a professional cricketer playing cricket

• a student playing cricket

Which of the following is an extractive industry?

• cattle breeding

• Forest cultivation

• Hunting

• Floor cultivation

Which of the following is NOT a manufacturing industry?

• Iron and steel works

• Flour Mills

• Fruit cutting

• Mining

When income exceeds than expenses is

• balance of payment

• positive balance of payment

• negative balance of payment

• interest

Wages are called

• imports

• interest

• exports

• loan

Government policy about imports and exports is called

• Fiscal policy

• Monetary policy

• Finance policy

• Commercial policy

The value of exports and imports set against one another is called

• positive balance of payment

• negative balance of payment

• balance of payments

• None of the above

When expenses exceeds than income called

• balance of payment

• negative balance

• positive balance

• None of the aboove

Which of the following is NOT an economic activity?

• production

• social services

• professional

• trading in goods