Business Studies

Identify the interests and aims of Chambers of Commerce and Industry.


ANSWER

All of the above


SOLUTION
Interests and aims of chambers of commerce and industry:
(i) Transportation or inter state movement of goods: The Chambers of Commerce and Industry help in many activities concerning inter state movement of goods which includes registration of vehicles, surface transport policies, construction of highways and roads.
(ii) Octroi and other local levies: Octroi and local taxes are the important sources of revenue of the local government. These are collected on the goods and from people entering the state or the municipal limits.
(iii) Harmonisation of sales tax structure and Value Added Tax: The Chambers of Commerce and Industry play an important role in interacting with the government to harmonise the sales tax structure in different states.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The abbreviation "E&OE" stands for _______________.
  • A. Errors and Omitted Errors
  • B. Expected and Omitted Errors
  • C. Errors and Omissions Expected
  • D. Exceptions and Omissions

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Market influences the choice of channels of distribution. Identify the factors related to market.
  • A. For consumer market, retailer is essential whereas in business market we can eliminate retailing.
  • B. For large market size, there are many channels, whereas, for small market size direct selling may be profitable.
  • C. For highly concentrated market, direct selling is preferred.
  • D. All of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
________ is sent to the other party periodically showing the opening balance, details of transactions and the closing balance.
  • A. Proforma Invoice
  • B. Statement of Account
  • C. Invoice
  • D. Credit/Debit Notes

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Subjective Medium
What are the different types of price quotations?

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Retailers are normally situated very near to the residential areas and remain open for long hours. This service is called _____.
  • A. New products information
  • B. Convenience in buying
  • C. After-sales services
  • D. Wide selection

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer