The growth of civilisation and standard of living of the people _____________ activities were developed.

(a)

commerce

(b)

trade

(c)

industry

(d)

business

Commerce involves an exchange of ................for the sake of earning profits

(a)

ideas

(b)

mutual interest

(c)

goods

(d)

goods and services

Which of the following is not correctly matched?

(a)

Analytical Industry - oil refinery

(b)

Synthetic Industry - sugar industry

(c)

Processing Industry - Paper industry

(d)

Assembling Industry - Automobile industry

"No seprate Legal Entity" in case of _______

(a)

Sole trade

(b)

Joints company

(c)

Co-operatives

Running a cinema theatre, a bookshop are the examples of ________

(a)

Sole Proprietorship

(b)

Partnership Firms

(c)

Co-operative Society

(d)

None of these

Any contract entered into a company to be valid must _____________

(a)

be accepted by the board members

(b)

be recognised by the Government

(c)

be registered with the registrar of companies

(d)

bear the official seal of the Company

Quality products produced atleast possible cost in ...................

(a)

Private company

(b)

Public company

(c)

MNC

(d)

None of these

...................... form of business organisation gained economic importance in most of the countries of the world in recent years.

(a)

Joint-stock companies

(b)

Co-operatives

(c)

Partnership

(d)

State enterprises

Reserve Bank of India acts as the banker and agent of the____________________.

(a)

World Bank

(b)

International Monetary Fund

(c)

Government of India

(d)

Bhartia Janta Party

Who is the inventor of steam engine?

(a)

James Watt

(b)

Haney

(c)

Wheeler

(d)

Thomas