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Question 1 (A):
(1) Principle of-----is not applicable to life insurance.
(2) The transaction under---are between consumers and consumers.
(3) The function of management ends with---
(4) Business should provide periodic information to---
(5) Retail market is the market where retailers sell goods directly to the ----in small quantities.
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Answer:
1. (C) Indemnity
2. (B) C2C
3. (C) Controlling
4. (B) Owners
5. (C) Consumer
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Question 1 (C.): True or False
1. Lok adalat can righlty be described as people's court.
2. NEFT stands for National Electric Fund Transfer.
3. The term market is described from thr Latin word "mercatus".
4. Every function of managemnt is not based on planning.
5. It is the responsibility of commercial organisation to maintain industrial peace.
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Answer:
1. True
2. False
3. True
4. False
5. True
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Question 1 (D): Arrange in proper order
1. Purchase or sale, Delivery stage, Pre-purchase or sale
2. E-mail, Inland letter, Courier service
3. District Judge, Supreme court judge, High court judge
4. Local Market, International Market, National Market
5. Controlling, Organising, Planning
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Answer:
1. Pre-purchase or sale, Purchase or sale, Delivery satge
2. Inland letter, Courier service, E-mail
3. District Judge, Hight cour Judge, Supreme Court Judge
4. Local Market, National Market, International Market
5. Planning, Organising, Controlling
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Question 3 (1):
(a) Name the service that will help him to safeguard goods from any damage.
(b) Which service will help him to remove difficulty of place?
(c) From which service sector will Mr. Raman get financial support?
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Answer:
(a) Insurance
(b) Transportatio
(c) Banking Sector
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Question 3 (3):
(a) Which responsibility is neglected by the manufacturing organisation?
(b) What kind of pollution they are doing?
(c) Write any one precautionary measure they need to take.
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Answer:
(a) Social responsibility towards socitey
(b) Water pollution
(c) Water treatment
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