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Organisation : Central Board Of Secondary Education
Exam : Central Board Exam
Document Type : Sample Question Papers
Category or Subject : Elements of Business

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Elements of Business Sample Question Papers :

Class-IX : (Code – 154)
Summative Assessment – 2 :
Time Allowed : 3 Hrs
Maximum Marks : 80
General Instructions :
1. The Question Paper has 36 questions in all. All questions are compulsory.
2. Questions from serial No. 1 to 16 are multiple choice questions. These are to be answered by writing the correct option in your answer sheet.

Related : Central Board Of Secondary Education Class IX Elements Of Book Keeping & Accountancy Sample Question Papers : 

3. Answers to questions from serial number 17 to 32 carrying 3 marks may be from 50 to 70 words each.
4. Answers to questions from serial number 33 to 36 carrying 4 marks may be of about 150 words each.
5. Attempt all parts of a question together.

1. Why is air transport preferred in mountainous areas? 1
(a) Railways are always delayed
(b) Roadways are too narrow
(c) Mountainous area has a rough terrain.
(d) None of the above

2. Which is the best means of transport for transporting bulky goods in huge quantity? 1
(a) Roadways
(b) Railways
(c) Air transport
(d) None of the above

3. Which is the most environment friendly means of transport? 1
(a) Air transport
(b) Railways
(c) Roadways
(d) None of the above

4. Which is the major drawback of air transport? 1
(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

5. Which of the following is not covered under the ‘contract of Indemnity’? 1
(a) Fire insurance
(b) Theft insurance
(c) Life insurance
(d) Marine insurance

6. Which of the following is not covered under General Insurance? 1
(a) Theft insurance
(b) Marine insurance
(c) Life insurance
(d) Fire insurance

7. The fee charged by the insurer on account of providing services is called…… 1
(a) Assured
(b) Insurance
(c) Policy
(d) Premium

8. Which principle suggests that insured should try to minimize the loss of his property even if it is insured? 1
(a) inciple of indemnity
(b) Principle of Mitigation
(c) Principle of Proximate Cause
(d) Principle of contribution

9. Perishable goods should be stored in ______________ 1
(a) Bonded warehouse
(b) Cold storage
(c) Government warehouse
(d) Co-operative warehouse

10. Which of the following is not a function of a warehouse? 1
(a) Storage
(b) Risk-bearing
(c) Stabilisation in price
(d) Ensuring Profit

11. Warehouses licensed by the government to accept imported goods before the payment of custom duty are known as
(a) Warehouses
(b) Bonded warehouses
(c) Government warehouses
(d) Public warehouses

12. Warehouses create 1
(a) Place utility
(b) Form utility
(c) Time utility
(d) Service utility

13. Who authorizes Mercantile Agents to buy or sell goods? 1
(a) Commercial agent
(b) Principal
(c) Broker
(d) Agent

14. 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: 1
(a) Del credere agent
(b) Broker
(c) Commercial agent
(d) Mercantile agent

15. A person who serves as a trusted agent or intermediary in the commercial transactions is called a: 1
(a) Salesman
(b) Buyer
(c) Businessman
(d) Broker

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