Podcast
Questions and Answers
Which term is being referred to in the text?
Which term is being referred to in the text?
- Midterm
- Second term
- Final term
- First term (correct)
What is the subject of the class mentioned in the text?
What is the subject of the class mentioned in the text?
- Commerce (correct)
- Mathematics
- English
- Science
Which word does the English-language word 'commerce' come from?
Which word does the English-language word 'commerce' come from?
- Latin
- Commercium (correct)
- Com
- Merx
Which grade level is the Commerce class mentioned in the text?
Which grade level is the Commerce class mentioned in the text?
What is the main focus of commerce?
What is the main focus of commerce?
How is commerce different from trade?
How is commerce different from trade?
What does commerce contribute to?
What does commerce contribute to?
What does the term 'commerce' not refer to?
What does the term 'commerce' not refer to?
Study Notes
Commerce Overview
- The term being referred to is Commerce.
- The subject of the class mentioned is Commerce, which is taught in Grade 11.
- The English-language word 'commerce' comes from the Latin word 'commercium', meaning 'trading' or 'business'.
- The main focus of commerce is the exchange of goods, services, or somethings of value between businesses, organizations, or individuals on a large scale.
- Commerce is different from trade in that trade refers to the exchange of goods and services between two parties, whereas commerce refers to the broader system of trade, including all the activities, institutions, and networks involved.
- Commerce contributes to economic growth, job creation, and the overall development of a nation.
- The term 'commerce' does not refer to the exchange of goods and services between individuals, which is considered trading or bartering.
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Description
The term being referred to in the text is the first term of the Commerce class in CBSE. The subject of the class is Commerce. The Commerce class mentioned in the text is for class 11 students in CBSE. Short description: Test your knowledge of Commerce in CBSE class 11 first term with this quiz.
