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Specialization and Division of Labor MCQ – Mock Test 24 PDF Download

MCQ 116: Which one is not the input factor of production?

  1. land
  2. electricity
  3. labor
  4. enterprise

MCQ 117: Retailer purchases goods directly from:

  1. manufacturers
  2. companies
  3. wholesaler
  4. suppliers

MCQ 118: Full amount must be paid for termination if the goods are:

  1. under hire purchase agreement
  2. under credit sale agreement
  3. under consumer credit agreement
  4. under retain possession of goods agreement

MCQ 119: APR in consumer credit act 1947 is the abbreviation of:

  1. annual price rate
  2. annual percentage rate
  3. annual profit ratio
  4. annual premium rate

MCQ 120: The stipulated retail price at which the goods must be sold, is known as:

  1. resale price maintaince
  2. renewal of price
  3. stipulated price
  4. repricing

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