commerce

……………. is the link between producer and retailer.

• manufacturer

• supplier

• distributor

• wholesaler

Answer explanation

The wholesaler is the link between producer and retailer, making it the correct choice.

Price charged by retailers is generally ………………..

• lower than the price they paid to acquire the product

• higher than the price they paid to acquire the product

• equal to the price they paid to acquire the product

• unrelated to the price they paid to acquire the product

Answer explanation

The correct answer is higher than the price they paid to acquire the product because retailers add a markup to cover their costs and make a profit.

A wholesaler invests……………… capital in the business.

• their own

• the government's

• their friend's

• his own

Answer explanation

The correct choice is 'their own' because the wholesaler invests their own capital in the business, not the government's, their friend's, or his own.

The retailer is the …………….. link in the chain of distribution.

• final

• starting

• middle

• initial

Answer explanation

The correct choice is 'final' because the retailer is the last link in the chain of distribution, indicating the final stage of the process.

Retailers supply information to the …………………. through wholesalers.

• manufacturers

• end consumers

• suppliers

• middlemen

Answer explanation

Retailers supply information to the manufacturers through wholesalers, as manufacturers are the ones who produce the goods being sold.

Major items ……………… are chemicals, crude oil and petroleum products, edible oils, electronic goods, gold and silver, pearl and precious stone.

• exported by india

• not exported by india

• imported by india

• plastics, wood, and furniture

Answer explanation

The major items mentioned in the question, such as chemicals, crude oil, and electronic goods, are imported by India.

For customs clearance the ……………… is prepared by the exporter.

• Packing list

• Bill of lading

• Shipping bill

• Commercial invoice

Answer explanation

The correct choice for customs clearance prepared by the exporter is the Shipping bill.

……………… carry goods on their head in basket or containers.

• Hawkers

• Peddlers

• cheap jacks

• Animals

Answer explanation

Peddlers carry goods on their head in basket or containers, making them the correct choice among the options provided.

………………… open their shops on market days i.e. on fixed days.

• Shopkeepers

• Farmers

• Students

• Doctors

Answer explanation

The correct choice is shopkeepers because they are the ones who open their shops on market days.

……………… retailers deal in particular goods.

• Specialty

• Common

• Universal

• General

Answer explanation

The correct answer is 'Specialty' because specialty retailers deal in particular goods, which are unique to their niche market.