MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Impacts of Colonial Rule

Name of the f...

Question

Name of the following:
(a) The industry in which useful products are obtained from the earth and the sea.
(b) The trade in which goods are imported and exported to some other country.
(c) The branch of commerce which removes the hindrance of time.
(d) Buying and selling of goods in small quantities.

Open in App

Solution

(a) Extractive Industry
(b) External trade or International trade
(c) Warehousing or storage
(d) Retailing

Suggest Corrections

thumbs-up

0

Similar questions

Q. Name the following:
(a) The economic activity showing a risk element and carried on profit.
(b) The trade in which two countries are involved.
(c) The trade in which goods are imported from one country for the purpose of exporting to other country.
(d) The industry which involves breeding and reproduction of plants and animals.
(e) The branch of commerce which remove hindrance of place.

Q. Fill in the blanks:
(a) Business = Industry + ________
(b) ________ means the production of goods and services
(c) Commerce includes 'trade and ________
(d) Conversion of raw materials and component parts into finished products is known as _______ industry.
(e) Agriculture is an ________ industry.
(f) Transport removes the hindrance of ________.

Q. E-commerce is the buying and selling of goods through the use of internet. Online shopping has become popular due to the rise of e-commerce platforms. Which of the following are such platforms?

Q. Nikhil wants to start a wholesale business of stationery items. But he is hesitating as it will involve hindrances related to finding consumers, moving goods from place of production to market, storing goods because of time gap between production and consumption, risk of theft, fire, accidents, procurement of capital to finance above activities, providing information to the consumers about products etc. He approaches his friend Anant to discuss his problem. Anant, who himself imports the electric appliances for the purpose of exporting them to other countries, advises Nikhil to carry on with his plan and explains to him various functions performed by the second limb of business i.e., Commerce.
Anant elaborates on various advantages of 'trade' and 'auxiliaries to trade' . After getting convinced by the advice given by Anant, Nikhil starts the business named Nikhil Ltd. and finds no major problems at all in converting his desire into a business venture. Nikhil gets his company registered under the Companies Act 2013.
(a) Name the part of commerce which exclusively helps in the process of trading the goods and services.
(b) Name the type of trade under which Anant was doing his business.
(c) Name the service which helps Nikhil to remove the hindrance of storing the stationery items.
(d) Name the service which helps Nikhil to remove the hindrance of place.

Q. In which of the following, personal digital assistants (PDAs) are used for buying and selling of goods and services?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Poor Countries

ECONOMICS

Watch in App

explore_more_icon

Explore more

Impacts of Colonial Rule

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon