Teaching Business Studies International Trade Question Bank MCQ - Trade

  • question_answer
    Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?
    Assertion (A) Loco means ‘on the spot’.
    Reason (R) Loco price refers to the cost of goods at the factory of the seller.
    Codes

    A)                                  Both A and R are true, and R is the correct explanation of A

    B)                     Both A and R are true, but R is not the correct explanation of A

    C)                     A is true, but R is false

    D)                     A is false, but R is true

    Correct Answer: A


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