Question

I. Fill in the blanks with appropriate words in the following sen-
tences:(lesson: component of business studies)

1. The economic activity that provides technical or specialized
personal services to the consumers is called________.

2. In olden days the goods were exchanged for goods, which was called _______ system of exchange.

3. The full responsibility of paper money vests with _______.

4. The emergence of communities and villages took place during_______ stage.

5. The main cause for International trade was______.

6. Trade and commerce contribute to the economic development of
a country by paying _____ _____ and _____ to the government.
​

Answer 1

1. Profession,

2. Barter,

3. The Central Bank of the country,

4. Agriculture,

5. Geographical discoveries,

6. rates, taxes and duties

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