CBSE Class 9 Elements of Business MCQs

Question: 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

Answer: Mountainous area has a rough terrain.

Question: 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

Answer: Railways

Question: Which is the most environment friendly means of transport?

a) Air transport

b) Railways

c) Roadways

d) None of the above

Answer: None of the above

Question: Which is the major drawback of air transport?

a) It consumes a lot of fuel

b) (b) It is not accessible to common people as it is expensive

c) Flights are always delayed

d) All of the above

Answer: All of the above

Question: Which of the following is not covered under the 'contract of Indemnity'?

a) Fire insurance

b) Theft insurance

c) Life insurance

d) Marine insurance

Answer: Life insurance

Question: Which of the following is not a function of a warehouse?

a) Storage

b) Risk-bearing

c) Stabilisation in price

d) Ensuring Profit

Answer: Ensuring Profit

Question: Perishable goods should be stored in ______________

a) Bonded warehouse

b) Cold storage

c) Government warehouse

d) Co-operative warehouse

Answer: Cold storage

Question: 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

Answer: Principle of Mitigation

Question: The fee charged by the insurer on account of providing services is called ______

a) Assured

b) Insurance

c) Policy

d) Premium

Answer: Premium

Question: Which of the following is not covered under General Insurance?

a) Theft insurance

b) Marine insurance

c) Life insurance

d) Fire insurance

Answer: Life insurance