Business Studies

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Single Correct Medium Published on 18th 08, 2020
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Realted Questions

Q1 Single Correct Medium
Invoices when sent with the goods do not require a covering letter. An exception may be made when sending them to a ______________.
  • A. poor customer
  • B. old customer
  • C. new customer
  • D. (a) & (b)

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

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Q2 Single Correct Medium
Which of the following is a non-trading association?
  • A. Company
  • B. Partnership firm
  • C. Club
  • D. HUF

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

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Q3 Single Correct Medium
Identify the objective(s) of implementing GST.
  • A. Reducing economic distortions
  • B. Consumption based tax instead of Manufacturing
  • C. Subsume all indirect taxes at Centre and State Level under
  • D. All of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

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Q4 Single Correct Medium
______________ generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name.
  • A. Brokers
  • B. Wholesalers
  • C. Retailers
  • D. Manufacturers

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

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Q5 TRUE/FALSE Medium
Wholesalers take delivery of goods when these are produced in factory and keep them in their godowns/warehouses. This is the service of storage given to manufacturers.
  • A. True
  • B. False

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

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