CBSE Class 9 Elements of Business Question Paper Set 02 Solved

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ELEMENTS OF BUSINESS

1 A retirement plan intended to help employees save a portion of their salary in the event of retirement, disability, sickness or unemployment.
 
(a) Gratuity                                (b) Employee Provident Fund
 
(c) Early Separation Scheme        (d) Bonus
 
2 Any income generated by selling an investment at a higher price than you paid for it.
 
(a) portfolio income       (b) earned income       (c) passive income      (d) investment
 
3 The portion of disposable income not spent on consumption of consumer goods but accumulated.
 
(a) saving                    (b) investment             (c) expenditure          (d) income
 
4 This account is specially designed for those who want to deposit their savings for a long term to gain good rate of interest.
 
(a) savings account       (b) recurring deposit    (c) fixed deposit         (d) current account
 
5 This is part of Electronic Banking,
 
(a) cheques                  (b) credit card             (c) bills of exchange    (d) traveler’s cheque
 
6 Savings account can be opened and operated by a minor too who has completed the age of ________years.
 
(a) 5                            (b) 9                           (c) 8                          (d) 10
 
7 A route between two destinations, which has been either paved or worked on to enable transportation by way of motorised and non-motorised carriages.
 
(a) rail                         (b) port                       (c) harbor                  (d) road
 
8 This means of transportation has a monopoly by the Government of India.
 
(a)rail                         (b) shipping                 (c) airways                 (d) road
 
9 The law does not recognise the business and owners to be one and the same.
 
(a) Artificial person                (b) Perpetual succession
 
(c) Separate legal entity         (d) Common seal
 
10 The relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.
 
(a) partnership                       (b) joint stock company
 
(c) sole proprietorship             (d) cooperative society
 
11 When goods are purchased and sold in comparatively smaller quantities
 
(a) wholesale trade                (b) export trade               (c) entrepot trade             (d) retail trade
 
12 This helps in providing information about available goods and inducing customers to buy particular items.
 
(a) communication                 (b) advertising                 (c) insurance                    (d) finance
 
13 These industries remain engaged in breeding plants and animals for their use in further reproduction
 
(a) extractive industry            (b) assembly industry
 
(c) genetic industry                (d) processing industry
 
14 This may be defined as the conduct of industry, trade and commerce using the computer networks.
 
(a) e-business                       (b) business                   (c) commerce                     (d) trade
 
15 Includes all those activities which are necessary for facilitating the exchange of goods and services.
 
(a) commerce                       (b) profession                 (c) employment                  (d) trade
 
16 Minors can also be members of this business by birth.
 
(a) partnership                      (b) sole proprietorship
 
(c) cooperative society           (d) joint Hindu family business
 
17 Explain the three broad types of income that can be generated. 
 
18 Describe Road Transport as an aid to trade. 
 
19 Explain briefly Joint Hindu family Business. 
 
20 State the classifications of ‘Trade’. 
 
21 Define ‘Savings’. Discuss any three needs to save for the future. 


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