Business, Trade and Commerce Test 27

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Business, Trade and Commerce Test 27

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Weekly Quiz Competition

Question 1
1 / -0

Indian subcontinent as a whole has ______________ in the North bordered by water in the South.

A
Kanchenjunga

B
Himalayas

C
Mount Everest

D
K2

Solution

Himalayas is the right answer.
The economic and commercial evolution of any land depends upon its physical environment. This stands true for the Indian subcontinent as a whole which has Himalayas in the North bordered by water in the South.
Question 2
1 / -0

The economic and commercial evolution of any land depends upon its :

A
Natural environment

B
Physical environment.

C
Social environment

D
None

Solution

Physical environment is the correct option.
The economic and commercial evolution of any land depends on physical environment .How effectively the land gets exploited and is put to the best use is what decides its economic and commercial evolution.
Question 3
1 / -0

Which option is not a business activity?

A
Production of goods

B
Transportation

C
Exchange of goods

D
Work in a factory for wages

Solution

Working in a factory wages is the correct answer because its a job where you get employed while in a business activity it is you who employs other workers to work under you.While all the others are business activities.
Question 4
1 / -0

Which commercial cities were founded in the third millennium B.C. ?

A
Mesopotamia

B
Harappa and Mohenjodaro

C
Meerut

D
None

Solution

Option B is the correct answer.
Harappa and Mohenjodaro were the commercial cities that were found in the third millenium B.C.
Question 5
1 / -0

Archaeological evidences have shown that ______________ was the mainstay of the economy of ancient India carried out by water and land.

A
Trade and commerce

B
Business

C
Commercial activities

D
None

Solution

Option A is the correct answer.
Trade and commerce were the activities which sustained the country during the ancient period of time.This trade and commerce activities were majorly carried out by water and land.
Question 6
1 / -0

Documents such as______-and_______ were in use for carrying out transactions in which money passed from hand to hand.

A
Memorandum of Association

B
Article of Association

C
Hundi and Chitti

D
None

Solution

Option C is the correct answer which is Hundi and Chitti.
Documents such as Hundi and Chitti were in use for carrying out transactions in which money passed from hand to hand.
Question 7
1 / -0

What is the function of Hundi 'Dekhan-har' ?

A
Payable to the presenter or bearer.

B
Hundi made payable to order following a fixed term.

C
Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.

D
Payable to any personno liability over who received payment.

Solution

Option Ais the correct answer.
Function of Hundi ' Dekhan- har' is payable to the presenter or bearer.
Question 8
1 / -0

What is the function of Hundi ' Sah-jog'?

A
Payable to a specific person, someone respectable. Liability over who received payment

B
Hundi made payable to order.

C
Payable to the presenter or bearer.

D
Payable to any personno liability over who received payment, but payment over a fixed term.

Solution

Option A is the correct answer.
The function of Hundi 'Sah -jog' is payable to a specific person,someone respectable.Liability is over the person who received payment.
Question 9
1 / -0

What is the function of Hundi ' Jokhmi' ?

A
Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.

B
Hundi made payable to order following a fixed term.

C
Hundi made payable to order.

D
Payable to a specific person, someone respectable. Liability over who received payment.

Solution

Option A is the correct answer.
The function of Hundi ' Jokhmi' is drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.
Question 10
1 / -0

What is the function of Hundi 'Dhani-jog' ?

A
Hundi made payable to order.

B
Payable to any personno liability over who received payment.

C
Payable to the presenter or bearer.

D
Hundi made payable to order following a fixed term.

Solution

Option B is the correct answer.
The function of hundi ' Dhani -jog' is payable to any person - no liability over who received payment.

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Re-Attempt Weekly Quiz Competition

Business, Trade and Commerce Test 27

Result

Business, Trade and Commerce Test 27

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Rank

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SHARING IS CARING

Question 1

Kanchenjunga

Himalayas

Mount Everest

K2

Solution

Question 2

Natural environment

Physical environment.

Social environment

None

Solution

Question 3

Production of goods

Transportation

Exchange of goods

Work in a factory for wages

Solution

Question 4

Mesopotamia

Harappa and Mohenjodaro

Meerut

None

Solution

Question 5

Trade and commerce

Business

Commercial activities

None

Solution

Question 6

Memorandum of Association

Article of Association

Hundi and Chitti

None

Solution

Question 7

Payable to the presenter or bearer.

Hundi made payable to order following a fixed term.

Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.

Payable to any personno liability over who received payment.

Solution

Question 8

Payable to a specific person, someone respectable. Liability over who received payment

Hundi made payable to order.

Payable to the presenter or bearer.

Payable to any personno liability over who received payment, but payment over a fixed term.

Solution

Question 9

Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.

Hundi made payable to order following a fixed term.

Hundi made payable to order.

Payable to a specific person, someone respectable. Liability over who received payment.

Solution

Question 10

Hundi made payable to order.

Payable to any personno liability over who received payment.

Payable to the presenter or bearer.

Hundi made payable to order following a fixed term.

Solution

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