Business, Trade and Commerce Test 28

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Business, Trade and Commerce Test 28

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Weekly Quiz Competition

Question 1
1 / -0

Metals began to supplement other commodities as money because of its :

A
durability and divisibility.

B
volatility

C
Both a and b

D
None

Solution

Option A is the correct answer.
Metals began to supplement other commodities as money because of its durability and divisibility.
Question 2
1 / -0

Discuss the function of Hundi ' Firman-jog'?

A
Payable to any personno liability over who received payment.

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

C
Payable to the presenter or bearer

D
Hundi made payable to order.

Solution

Option D is the correct answer.
Function of Hundi ' Firman- jog' is Hundi made payable to order.
Question 3
1 / -0

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

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

D
Hundi made payable to order.

Solution

Option C is the correct answer.
Function of Hundi ' Dhani - jog' is payable to any personno liability over who received payment, but payment over a fixed term.
Question 4
1 / -0

In the ancient times how many crops were grown in a year ( maximum)?

A
One

B
Two

C
Three

D
Four

Solution

Option C is the correct answer.
Due to the favourable climatic conditions they were able to raise two or sometimes three crops in a year. To maximum three crops they could grow in a year.
Question 5
1 / -0

Who were responsible for the wholesale and retail of goods?

A
Commision agents

B
Brokers

C
Wholesalers

D
All of the above

Solution

The correct answer is option D.
Commission agents, brokers and wholesalers were responsible for wholesale and retail goods.
Question 6
1 / -0

What is the broader classification of Hundi Dhani-jog?

A
Darshani

B
Muddati

C
Both

D
None

Solution

Correct answer is option B.
Broader classification of Hundi Dhani- Jog is Muddati.
Question 7
1 / -0

Hundi is a contract which :

A
warrant the payment of money, the promise or order which is unconditional .

B
capable of change through transfer by valid negotiation.

C
Both a and b

D
None

Solution

Option C is the correct answer.
Hundi is a contract which warrants the payment of money ,the promise or order which is unconditional as welll as capable of change through transfer by valid negotiation.
Question 8
1 / -0

________________were prominent where skilled artisans worked and converted raw materials into finished goods which were high in demand.

A
Gurukuls

B
Workshops (Karkhana)

C
Factories

D
Industries

Solution

Workshops (Karkhana) is the correct answer.
Workshops (Karkhana) were prominent where skilled artisans worked and converted raw materials into finished goods which were high in demand.
Question 9
1 / -0

An expanding trade brought in huge amounts of ___________ bullion into Asia

A
Gold

B
Siver

C
Copper

D
None

Solution

Option B is the correct answer.Silver is the right answer.
An expanding trade brought in huge amounts of silver bullion into Asia.
Question 10
1 / -0

Bankers acted as trustees and executors of ___________.

A
endowments

B
bank

C
company

D
financial institutions

Solution

Endowments is the correct answer.
The institution of Jagat Seths also developed and exercised great influence during the Mughal period and the days of the East India Company. Bankers began to act as trustees and executors of endowments.

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Business, Trade and Commerce Test 28

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Business, Trade and Commerce Test 28

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SHARING IS CARING

Question 1

durability and divisibility.

volatility

Both a and b

None

Solution

Question 2

Payable to any personno liability over who received payment.

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

Payable to the presenter or bearer

Hundi made payable to order.

Solution

Question 3

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.

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

Hundi made payable to order.

Solution

Question 4

One

Two

Three

Four

Solution

Question 5

Commision agents

Brokers

Wholesalers

All of the above

Solution

Question 6

Darshani

Muddati

Both

None

Solution

Question 7

warrant the payment of money, the promise or order which is unconditional .

capable of change through transfer by valid negotiation.

Both a and b

None

Solution

Question 8

Gurukuls

Workshops (Karkhana)

Factories

Industries

Solution

Question 9

Gold

Siver

Copper

None

Solution

Question 10

endowments

bank

company

financial institutions

Solution

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