The barter envisages mutual exchange of goods without ______________ as a medium of exchange.

(a)

Money

(b)

Services

(c)

Both

(d)

None of these

Which of the following is not characterized as economic activities?

(a)

Production of goods by manufacturer

(b)

Selling by retailers

(c)

Medical advice rendered by physician

(d)

Celebrating festivals

Fishery & Piggery come under ____________

(a)

assemblic industries

(b)

construction industries

(c)

genetic industries

(d)

continuous industries

Banking, Insurance are examples of ..................... service.

(a)

Distributive

(b)

Financial

(c)

Public

(d)

None of these

Which one of the following is the corporate enterprise?

(a)

Joint hindu family business

(b)

Sole proprietorship

(c)

Partnership

(d)

Joint-stock company

The unlimited liability of partners is_____

(a)

Joint

(b)

Several

(c)

Joint and several

(d)

Constant

The minimum paid up Capital of a Private Limited Company should be _____________

(a)

Rs 1 lakh

(b)

Rs 2 lakhs

(c)

Rs 3 lakhs

(d)

more than Rs 5 lakhs

_______is considered as an artificial person.

(a)

Sole trader

(b)

Joint Hindu family business

(c)

Joint stock company

(d)

Co-operative society

The oldest form of organisation in public sector

(a)

Public Sector Undertakings

(b)

Departmental Undertakings

(c)

Multi National Corporations

(d)

Statutory Corporation

The aim of home trade is _____

(a)

To raise the standard of living

(b)

To provide the essential goods and services economically

(c)

To raise the National Income

(d)

To obtain all types of goods