CBSE Class 9 Elements of Business Sample Paper Set A

Q.1. Why is air transport preferred in mountainous areas? 

a. Railways are always delayed.

b. Roadways are too narrow.

c. Mountainous area has a rough terrain.

d. None of the above.

Q.2. Which is the best means of transport for transporting bulky goods in huge quantity? 

a. Roadways.

b. Railways.

c. Air transport.

d. None of the above.

Q.3. Which is the most environment friendly means of transport? 

a. Air transport

b. Railways

c. Roadways

d. None of the above.

Q.4.Which is the major drawback of air transport? 

a. It consumes a lot of fuel.

b. It is not accessible to common people as it is expensive.

c. Flights are always delayed.

d. All of the above.

Q5. Which of the following is not covered under the ‘contract of Indemnity’?

a. Fire insurance

b. Theft insurance

c. Life insurance

d. Marine insurance

Q.6. Which of the following is not covered under General Insurance? 

a. Theft insurance

b. Marine insurance

c. Life insurance

d. Fire insurance

Q.7. The fee charged by the insurer on account of providing services is called……

a. Assured

b. Insurance

c. Policy

d. Premium

Q.8. Which principle suggests that insured should try to minimize the loss of his property even if it is insured? 

a. Principle of indemnity

b. Principle of Mitigation

c. Principle of Proximate Cause

d. Principle of contribution

Q.9. Perishable goods should be stored in __________

a. Bonded warehouse

b. Cold storage

c. Government warehouse

d. Co-operative warehouse

Q.10. Which of the following is not a function of a warehouse? 

a. Storage

b. Risk-bearing

c. Stabilisation in price

d. Ensuring Profit

Q.11. Warehouses licensed by the government to accept imported goods before the payment of custom duty are known as: 

a. Private warehouses

b. Bonded warehouses

c. Government warehouses

d. Public warehouses

Q.12. Warehouses create ______utility 

a. Place utility

b. Form utility

c. Time utility

d. Service utility

Q13. Who authorizes Mercantile Agents to buy or sell goods? 

a. Commercial agent

b. Principal

c. Broker

d. Agent

Q14. The one who solicits and procures business from potential customers on behalf of one or more principals, usually against payment of a percentage of the realized sales revenue as commission, is a: 

a. Del credere agent

b. Broker

c. Commercial agent

d. Mercantile agent

Q15. A person who serves as a trusted agent or intermediary in the commercial transactions is called a: 

a. Salesman

b. Buyer

c. Businessman.

d. Broker

Q16. The amount paid to the broker for facilitating exchange of goods is called:

a. Brokerage

b. Sales

c. Revenue

d. Profit

Q17. Explain the following functions of warehousing- 

a. Consolidation.

b. To break the bulk

c. Stock piling.

Q18. What are the value added services provided by the warehouses? 

Q19. ‘An insured is a cancer patient but does not disclose this fact in his proposal form’. Which principle of insurance is being violated? Explain 

Q20. Define a Sold Note. Draw its outline. 

Q21. Explain any three merits of road transport. 

Q22. “Warehousing plays an important role in business”. Justify the statement by giving three reasons. 

Q23. Explain any three demerits of water transport.

Please refer to attached file for CBSE Class 9 Elements of Business Sample Paper Set A