IGNOU ECO 1 SOLVED ASSIGNMENT

Ques 1.

What do you understand by commerce? Briefly explain the classification of commerce with suitable examples.

Ques 2.

Define a stock exchange and explain fully its economic functions.

Ques 3.

Explain the services of wholesalers to manufacturers and retailers.

Ques 4.

Who is a customer? When does a person become the customer of a bank?

Ques 5.

.Comment briefly on the following statements:

a) A business which is owned, financed and controlled by a single person is called sole trader organisation.

b) Funds raised to meet the financial requirements of a business can be classified as ownership capital and borrowed capital.

e) Exchange of goods and services across national boundaries is called 'foreign trade' or 'international trade'.

d) Public utilities are the enterprises which supply essential goods and services to the public.

Ques 6.

What do you understand by commerce? Briefly explain the classification of commerce with suitable examples.

Ques 7.

Define a stock exchange and explain fully its economic functions.

Ques 8.

Explain the services of wholesalers to manufacturers and retailers.

Ques 9.

Who is a customer? When does a person become the customer of a bank?

Ques 10.

.Comment briefly on the following statements:

a) A business which is owned, financed and controlled by a single person is called sole trader organisation.

b) Funds raised to meet the financial requirements of a business can be classified as ownership capital and borrowed capital.

e) Exchange of goods and services across national boundaries is called 'foreign trade' or 'international trade'.

d) Public utilities are the enterprises which supply essential goods and services to the public.

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