(A) when product is manufactured
(B) when product is used by the consumer
(C) when product reach the consumer
(D) when product reach the retailer
The answer is: (C) when product reach the consumer
Category: Commerce MCQs FPSC NTS PPSC Past Papers Test Questions
Commerce MCQs quiz test questions with answers. Commerce and trade multiple choice questions for test preparation including MCQs from FPSC NTS PPSC SPSC KPPSC Past Papers.
Which from the following risk is non-insurable?
(A) faulty raw material
(B) poor management
(C) factory fire
(D) vehicle accident
The answer is: (B) poor management
World Trade Organization (WTO) is the successor organization of
(A) ECO
(B) GATT
(C) NAFTA
(D) League of Nations
The answer is: (B) GATT (General Agreement on Tariffs and Trade)
NAFTA has been replaced by a new free trade agreement known as USMCA. It is effected since 1 July
(A) 2017
(B) 2018
(C) 2019
(D) 2020
The answer is: (D) 2020
NAFTA has been replaced by a new free trade agreement among Canada, Mexico, and the United States. The agreement is known as USMCA and is effected since 1 July 2020.
Finished goods and raw materials not immediately required for the next stage require
(A) advertising
(B) communications
(C) transport
(D) warehousing
The answer is: (D) warehousing
Which factor threatens the survival of a small retailer?
(A) large-scale retailers
(B) factory outlets
(C) voluntary chains
(D) subsidized warehouses
The answer is: (A) large-scale retailers
The World Trade Organization is the successor organization of
(A) ECO
(B) GATT
(C) NAFTA
(D) League of Nations
The answer is: (B) GATT
The World Trade Organization (WTO) is the successor organization of General Agreement on Tariffs and Trade (GATT).
Which type of retailer sells a limited range of products and uses national advertising?
(A) local department store
(B) supermarket
(C) specialty chain store
(D) variety chain
The answer is: (C) specialty chain store
How are commercial services and direct services interrelated?
(A) Commercial services depend on direct services
(B) Buying and selling are examples of direct services
(C) Direct services include advertising, accounting and medical services
(D) Tertiary production consists of commerce and direct services
The answer is: (D) Tertiary production consists of commerce and direct services
Finished goods not immediately required for the next stage require
(A) advertising
(B) communications
(C) transport
(D) warehousing
The answer is: (D) warehousing