Correct Answer: Option C

Explanation

FUNCTIONS OF CHAMBERS OF COMMERCE

1. Performing the role of spokesman of the business community.

2. Collection and communication of information relevant to business and trade to members.

3. Making representations to government regarding any legislation which is detrimental to their interests. For example, Chambers of Commerce have made representations to the government regarding the Fringe Benefit Tax (FBT).

4. Making representation to the government regarding any proposed legislation. For example, Chambers of Commerce have made representations regarding the proposed Competition Commission.

To serve as a forum for settlement of disputes among members by means of Arbitration.

5. Maintenance of information and statistical bureaus in order to provide necessary information to its members.

6. Organizing industrial fairs and trade exhibitions to create awareness among buyers and promote members businesses.

7. Organizing lectures, seminars and workshops for the benefit of its members. For example Chambers of Commerce conduct meetings and workshops after the Union Budget is presented to make members aware of the changes in tax provisions. Discussions with the Finance Minister may also be organized to enable members clear their doubts, air their grievances and make suggestions.

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