CBSE Class 9 Elements of Business Sample Paper Set C

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

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

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

(a) Air transport (b) Railways

(c) Roadways (d) None of the above

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

5. Which of the following is not covered under the 'contract of Indemnity'? 

(a) Fire insurance (b) Theft insurance

(c) Life insurance (d) Marine insurance

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

(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…… 

(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? 

(a) Principle of indemnity (b) Principle of Mitigation

(c) Principle of Proximate Cause (d) Principle of contribution

9. Perishable goods should be stored in ______________ 

(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? 

(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 

(a) Place utility (b) Form utility

(c) Time utility (d) Service utility

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

(a) Commercial agent (b) Principal

(c) Broker (d) Agent