Commercial Applications
Statement I: Trade means the sale, transfer or exchange of goods may be for cash or credit.
Statement II: Traders serve as link between producers and consumers.
- Statement I is wrong
- Statement II is wrong
- Both I and II are correct but II is not an explanation of I
- Both I and II are correct and statement I is an explanation of II
Commercial Orgs Intro
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Answer
Both I and II are correct but II is not an explanation of I
Reason — Both statements are correct. Statement I defines what trade is — the sale, transfer or exchange of goods for cash or credit. Statement II describes the role of traders as a link between producers and consumers. These are two separate, parallel facts about trade — one defines trade itself and the other describes the role of traders. Statement II does not explain Statement I; they stand independently as two correct facts.
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