One of the disadvantages of rail transport is
It is not flexible
It carries bulky goods
It works at intervals
Cost of transportation is high
Correct answer is A
disadvantages of rail transportation includes: Lack of Flexibility, Lack of Door to Door Service, Monopoly, Unsuitable for Short Distance and Small Loads, Booking Formalities, No Rural Service, Under-utilized Capacity
there is lack of flexibility in rail transportation
From which of the following sources can partnership increase their capital?
Sales of shares
Admission of new partners
Discharge of mortgage
Grants from relatives
Correct answer is B
Partnership. An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally. A partnership can maintain a single partnership capital account for all partners, with a supporting schedule that breaks down the capital account for each partner
Admission of new partners is a major source of increasing capital in partnership
One of these is a current asset
Fittings
Machineries
Motor vehicles
stock
Correct answer is D
Current assets is a balance sheet item that represents the value of all assets that can reasonably be expected to be converted into cash within one year. Example is stock
stock is a current asset because it can easily be convertible to cash
Which of the following functions is not performed by warehousing?
Stabilization of price
production ahead of demand
creating scarcity of goods
storage of goods
Correct answer is C
The function of storage can be carried out successful with the help of warehouses used for storing the goods. By storing the goods throughout the year and releasing them as and when they are needed, warehousing creates time utility.
warehousing doesn’t create scarcity of goods instead it makes goods available
Tax pad on goods produced within a country
A physical restriction placed on quantity of goods that can be imported
Tax paid on goods produced outside a country
Ban on all imported goods
Correct answer is B
An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
Quota, in international trade, government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time