Quiz on Business, Trade, and Commerce

What is the primary objective of business?

• To earn profit

• To promote trade

• To create jobs

• To provide services

Which of the following is NOT a type of industry?

• Primary

• Secondary

• Tertiary

• Quaternary

What does the term 'Hundi' refer to in the context of ancient trade?

• A trade route

• A type of goods

• A banking instrument

• A type of currency

Which of the following is a characteristic of business?

• Emotional engagement

• Regular dealings in goods

• Non-profit motive

• Single transaction

What is the role of intermediaries in trade?

• To provide financial security

• To produce goods

• To regulate prices

• To facilitate trade

Which of the following is an example of a primary industry?

• Textile manufacturing

• Mining

• Banking

• Insurance

What is the significance of the Silk Route in ancient trade?

• It was a major land route for spices

• It connected India to Europe

• It was a cultural exchange route

• It was used for maritime trade

What type of risk involves both the possibility of gain and loss?

• Operational risk

• Financial risk

• Speculative risk

• Pure risk

Which of the following factors is NOT considered when starting a business?

• Selection of business line

• Tax planning

• Location of business

• Personal interests

What is the main purpose of advertising in commerce?

• To inform consumers

• To regulate prices

• To increase production

• To provide financial assistance