Tag: historical background of commerce in the sub-continent

Quizzes (5) Questions (22)

Questions Related to historical background of commerce in the sub-continent

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Advertisement and salesmanship remove the hindrance of _____.

  1. finance

  2. knowledge

  3. sales

  4. time
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Advertisement and salesmanship remove the hindrance of knowledge. The lack of knowledge about the goods and their use restrict the exchange of goods. It requires advertising campaigns to make the people aware about the availability and utility of goods.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

___________ being situated on the strategic route had many busy entrepots where the maritime terminal helped in docking ships and boats that were used for export and import of goods.

  1. Eastern Indian sea front

  2. Southern Indian sea front

  3. Western Indian sea front

  4. Northern Indian sea front
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Western Indian sea front, particularly regions like Gujarat (Barygaza), was historically a hub for maritime trade and entrepots connecting India to the Roman and Middle Eastern worlds.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Insurance removes the hindrance of __________.

  1. time

  2. finance

  3. threat

  4. person
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade. 

Hindrance refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

The famous ________ also passed from India and silk was exported to Western countries through Barygaza.

  1. Indus valley

  2. Chinese silk route

  3. Oxo - Caspian

  4. Oxus - Ganges
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Silk Route was a vast network of trade routes connecting the East and West, and segments of this route passed through India, facilitating the export of silk and other goods.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Capital gearing refers to __________________________.

  1. The proportion between net interest and non-fixed interest or dividend bearing funds in the capital employed

  2. The proportion between fixed interest or dividend bearing funds and non-fixed interest or dividend bearing funds in the total capital employed in the business

  3. Both (A) and (B)

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Capital gearing is the ratio of fixed-interest-bearing capital (like debt and preference shares) to equity capital (non-fixed interest/dividend bearing).

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Marginal utility theory was originated by _____________.

  1. Keynes

  2. Marshall

  3. Mayo

  4. Maslow
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Alfred Marshall is widely credited with formalizing the marginal utility theory in his work, Principles of Economics, which became a cornerstone of neoclassical economics.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Which theory is called as 'Veblenian Model'?

  1. Socio-cultural theory

  2. Psycho-analytic theory

  3. Psychological theory

  4. Economic theories
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Thorstein Veblen, a sociologist and economist, developed theories regarding consumer behavior and social status, often referred to as the Veblenian model or socio-cultural theory of consumption.

Multiple choice business organisation and correspondence commerce and modern civilization history of commerce in india hindrances of commerce historical background of commerce in the sub-continent

Which of the following theories are called as 'Learning theories?'

  1. Economic theories

  2. Psychological theories

  3. Psycho-analytic theories

  4. Group theories
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Psychological theories of consumer behavior focus on how individuals learn, perceive, and form attitudes, which is why they are often categorized as learning theories.