Chp-18 ~ Chambers Of Commerce And Industry

Question 1

What do you understand by a chamber of commerce?

Answer 1

A chamber of commerce is a voluntary association of business firms belonging to different trades and industries.
It may be defined as a voluntary association of merchants, traders, manufacturers, financiers and others engaged in business in a particular locality, region, or country.

Question 2

What is the main objective of a chamber of commerce?

Answer 2

The main objective of a chamber of commerce is to promote the general business interests of all members and to foster the growth of commerce and industry in a particular locality, region or country.

Question 3

How are the chambers of commerce work differently in different countries?

Answer 3

In Russia, Poland, Romania and other communist nations, chambers of commerce work as Government departments.
In West Germany, Italy, Japan, France, etc., chambers of commerce are constituted by public law and are subject to Government control.
In India, chambers of commerce are registered as companies and societies and function as voluntary organisations.

Question 4

What are the functions of the chambers of commerce?

Answer 4

1. Conducting research and collecting statistics and other information about the business and economy.
2. Providing technical, legal, and other useful information and advice to the members.
3. Publishing books, magazines and journals of business interests.
4. Making arrangement for education and training of members.
5. Arranging industrial exhibitions, trade fairs, etc., in order to promote trade
6. Issuing certificates of origin to exporters.
7. Undertaking general publicity work like advertising, etc.