Q. 44.6( 25 Votes )

Identify and write the type of trade:

(A) Srushti brought sugar from the grocery shop.

(B) The traders from Surat bought cotton from the farmers of Maharashtra.

(C) Sameer has exported pomegranates from his farms to Australia.

(D) Sadabhau bought 10 sacks of wheat and 5 sacks of rice from Market Yard for selling in his own shop.

Answer :

(A) Such type of trade can be termed as visible trade,since Srushti bought sugar here she is buying goods and the grocery shopkeeper is selling the good.

(B) This type of trade can be termed as Wholesale Trade,as the trader buys cotton produce directly from the farmers in bulk quantity and will sell to the traders of retail market.

(C) Such type of trade can be called as export which is basic process of international trade.As the pomegranates from the farm,are being sent to a foreign country.

(D) This type of trade is called Retail Trade.As the goods are bought from Wholesale market and will be sold directly to consumers.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses