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  1. A speculator in the capital market who buys new issues of shares with the intention of reselling them at the price of the purpose of the profit is known as —

    • D) Stag Explanation: A stag is an investor who subscribes to new share issues with the intention of selling them quickly for a profit once they are listed on the stock exchange.
  2. The production process is complete by the —

    • B) Producer Explanation: The producer is responsible for completing the production process by transforming inputs into finished goods or services.
  3. Which of these is not a function of banks?

    • B) Paying compensation Explanation: Paying compensation is typically a function of insurance companies or legal systems, not a primary function of commercial banks. Banks primarily deal with deposits, loans, and financial transactions.
  4. The last link in the chain of distribution of goods is the —

    • A) Consumer Explanation: The consumer is the final recipient and user of the goods in the distribution chain.
  5. Creating value and satisfying of wants is known as

    • D) Production Explanation: Production is the process of creating goods and services to satisfy human wants and needs, thereby creating value.
  6. A written order to a bank to pay a named person a specified amount is a/an —

    • A) Cheque Explanation: A cheque is a written instruction from an account holder to their bank, ordering the bank to pay a specific sum of money to a named individual or entity.
  7. When cash is paid in exchange for goods & services a/an — is issued to acknowledge the payment

    • C) Receipt Explanation: A receipt is a document issued by the seller to the buyer acknowledging that payment has been received for goods or services.
  8. The process through which new products are brought to the notice of the public is known as —

    • A) Advertising Explanation: Advertising is a marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service, or idea.
  9. Changing raw materials into finished product is an example of

    • B) Secondary Explanation: The secondary sector of the economy involves manufacturing and processing, where raw materials are transformed into finished goods.
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