Trade and supporting services

8. 

Following are few incidents. 

A: Ruwan gets his hair cut from the 'Modern Saloon'. 

B: Sapumal imports a motor vehicle from Japan for his own use. 

C: 'Sumudu Flower Traders' purchases two fresh flower baskets. 

D: Saman sells 50 kg of paddy from his harvest to a rice mill owner. 

Out of the above incidents, whole sale trade are, 

• (1) A and B.

• (2) A and C. 

• (3) B and D. 

• (4) C and D

Kasun received a cheque of Bank of Ceylon of Rs. 18 000 from Aruna. It was crossed as “Not negotiable”

Kasun deposited that cheque in his current account in the People's Bank. 

The cheque received from Aruna is, 

• a special crossing cheque.

• a general crossing cheque.

• a cheque that cannot be endorsed.

• a cheque that can be cashed from the bank counter. 

Kasun received a cheque of Bank of Ceylon of Rs. 18 000 from Aruna. It was crossed as “Not negotiable”

Kasun deposited that cheque in his current account in the People's Bank. 

In the cheque mentioned in the above case, 

• while payee is Kasun, drawee is People's Bank.

• while drawer is Aruna, payee is People's Bank.

• while drawee is Bank of Ceylon, payee is Kasun.

• while drawer is Kasun, drawee is Bank of Ceylon. 

When exports exceed imports, there is a trade ______ in the economy.

• surplus

• deficit

Answer explanation

Sri Lanka's trade deficit narrowed to USD 206 million in September of 2022 from USD 492 million in the corresponding month of the previous year.

Amal received a compensation of Rs. 300 000 due to a fire that occurred in a part of his business building which was insured at Rs. 1 000 000. The principle of insurance relevant to having only a Rs. 300 000 a compensation is 

• Insurable interest. 

• Utmost good faith.

• Indemnity.

• Subrogation. 

A crossed cheque received in Sepala's name was rejected by the bank officer when it was presented to 

be deposited to his current account in people's bank, Galle. 

What is the crossing indicated in the cheque? 

• 
• 
• 
• 

The currency exchange rate is constantly changing.

• True

• False

Communication modes and examples for communication modes are given

Match the following

• C. Posting calling letters for parents' meeting

• Electronic written

• A. Ringing the school bell

• Written

• D. Sending a fax message to the Zonal Education Office 

• Verbal 

• B. Conducting a prefects' meeting

• Signs and Symbols

Wasana who runs a garment factory, obtained a loan to build her house securing one of her insurance policies.

To obtain the loan, Wasana used a 

• fire insurance policy. 

• life insurance policy. 

• cash in transit insurance policy.

• motor vehicle insurance policy. 

'Renovating the Jaffna International Airport in an attractive way' 

The element of transportation implied by this statement is 

• Way. 

• Power. 

• Terminal 

• Mode.