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- 1. Multiple Choice
Business meas...
Commerce
Industry and Commerce
Trade and Commerce
Selling and buying of goods
- 2. Multiple Choice
Which of the following is not an Economic activity
A doctor practicing
A lawyer practicing law
A professional cricketer playing cricket
A student playing cricket
- 3. Multiple Choice
Where is the headquarters of the World Trade Organization located?
Geneva, Switzerland
Brussels, Belgium
New York, USA
London, UK
- 4. Multiple Choice
A good or service purchased or brought in from another country is called.
Import
Export
Trade
Negotiate
- 5. Multiple Choice
The main reason for International Business is..
Profit
Dancing
Travelling
Entertainment
- 6. Multiple Choice
Scarcity can be best defined as
A shortage of product
Where demand is greater than supply
Unlimited wants v/s Limited resources
Limited wants v/s Unlimited resources
- 7. Multiple Choice
Which of the following is a need
Clothes
Job
Car
Smart phone
- 8. Multiple Choice
Profit is equal to:
Income minus expenses
Receipts minus expenditures
Inflows minus outflows
Capital minus Cash
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