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     EduGorilla 
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    Direction:Read the given passage and answer the questions that follow.
    Commodities have been in our lives ever since the civilization started. The very reason for this lies in the fact that commodities represent the fundamental elements of utility for human beings. The term commodity refers to any material, which can be bought and sold. Commodities in a market’s context refer to any movable property other than actionable claims, money and securities. Commodity can be understood as a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers

    Which of the following are classified as agricultural commodities?

    Options :-

    1. Mustard seed
    2. Ground nut
    3. Cotton
    4. Both A and C
    5. Both B and C
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Reply To: Direction:Read the given passage and answer the questions that follow. Commodities have been in our….
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