Exploiting
Exploring
Refining
Marketing
Exporting
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not an item of capital expenditure?
Building of roads and bridges
Supply of electricity
Building of damns
Building of habours
Payment of interest on loans
Correct answer is E
No explanation has been provided for this answer.
Person who is to be paid the sum of money as written on the cheque
Person who takes the cheque to the bank
Bank on which the cheque is drawn
Person who writes out the cheque
Bank official who certifies the payment
Correct answer is D
The drawer is the account owner who issued the cheque (to probably a third party). The bank is the drawee, while the party who is to catch the cheque is the payee.
International trade and domestic trade are similar in all aspects except that
Transportation by land, water and air is involved
Goods are exchanged
Services are exchanged
The same currency is used as the medium of exchange
Specialization and increased consumption is encouraged
Correct answer is D
No explanation has been provided for this answer.
A condition which adversely affects expansion of production is
Effective management
Limited size of the market
Availability of funds
Increased profit prospects
Increasing returns to scale
Correct answer is B
No explanation has been provided for this answer.