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WorksheetsCOMMERCIAL APPLICATIONS 10 (UNIT 1)
Total questions: 20
Worksheet time: 8mins
Market is only used to refer to a place buyers and sellers meet to buy and sell goods
True
False
The service rendered by a doctor is an example of ____________ product.
Tangible
Free
Intangible
Valuable
In which type of market a broad range of high mark up and fast moving branded goods are sold at discount prices.
Primary market
In- House market
Catalogue Market
Mail Order Market.
It is believed that supply creates its own demand. Identify the stage of marketing.
Product Oriented stage
Marketing Oriented stage
Sales Oriented stage
Production Oriented stage
Select all the applicable features of Service from the given options.
Perishability
Variabilty
Associated Attributes
Intangibility
A product can be measured and controlled whereas Services cannot be measured and controlled. Identify the basis of distinction.
Tangibility
Quality
Risk
Inventory
The person who gives a written cheque and orders the bank to provide the needed money to a specific person is known as a ___________.
Drawer
Drawee
Payee
What is likely to happen when the rate of interest of loan increases?
Consumer spending increases
consumers are discouraged to take less credit
people hold more cash
savers earns low interest
A central bank usually performs which combination of the following functions...(select 2)
It issue notes and coins for the nations currency and is where the king or queen holds their money
It prints money for the banks to store until people withdraw it and issues the notes and coins
It manages the nation's gold reserves and manages payments to and from the government
It issue notes and coins for the nations currency and is the lender of last resort to the banking system
Central bank is been given monopoly of note- issue in order to maintain (a)
Overdraft facility is provided to people having_________
Fixed Deposits Account
Current Account
Recurring Account
Saving Account
Primary Functions of Commercial Banks are -(select all which is applicable)
Accepting Deposits
Advancing of Loans
Credit Creation
General utility Functions
What is Credit Creation?
To earn interest income
To create derivative deposits.
To create Legal reserve ratio
To create cash reserve ratio.
A deposit account is best described as...
A current account, savings account or another type of bank account which allows money to be deposited and withdrawn by the account holder.
Used by people for everyday transactions
A safe place to store you savings
An account where customers can go overdrawn on the amount they hold in it
Interest is...
A reward for saving and a reward for borrowing
A cost of saving and a reward for borrowing
A cost of borrowing and a cost of saving
A reward for saving and a cost of borrowing
What is the Cash Reserve Ratio (CRR)?
the fraction of the deposits that commercial banks lend to the customers
the fraction of the deposits that RBI must keep with commercial banks
the fraction of the deposits that commercial banks must keep with RBI
What is the ratio of deposits which commercial banks are required to keep with themselves called?
CRR
SLR
BOTH
NONE
Buying and selling of government securities by the central bank from/to banks is called?
open market operations
margin
banking
CRR
Commercial bank create credit money by way of --
Time deposit
Treasury Bill
Bill of Exchange
demand deposit
What is marketing? (select two)
The action of promoting and selling services, including market research.
buying and selling of goods.
The action of promoting products to be sold less than other products, including advertising.
The business of promoting and selling products, including market advertising.
