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Trade and supporting services

Total questions: 25

Worksheet time: 47mins

Name
Class
Date
1.

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, 

a)

(1) A and B.

b)

(2) A and C. 

c)

(3) B and D. 

d)

(4) C and D

2.

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)

a special crossing cheque.

b)

a general crossing cheque.

c)

a cheque that cannot be endorsed.

d)

a cheque that can be cashed from the bank counter. 

3.

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, 

a)

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

b)

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

c)

while drawee is Bank of Ceylon, payee is Kasun.

d)

while drawer is Kasun, drawee is Bank of Ceylon. 

4.

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

a)

surplus

b)

deficit

5.

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 

a)

Insurable interest. 

b)

Utmost good faith.

c)

Indemnity.

d)

Subrogation. 

6.

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? 

a)

b)

c)

d)

7.

The currency exchange rate is constantly changing.

a)

True

b)

False

8.

Communication modes and examples for communication modes are given

Match the following

a)

Signs and Symbols

1.

A. Ringing the school bell

b)

Verbal 

2.

B. Conducting a prefects' meeting

c)

Written

3.

C. Posting calling letters for parents' meeting

d)

Electronic written

4.

D. Sending a fax message to the Zonal Education Office 

9.

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 

a)

fire insurance policy. 

b)

life insurance policy. 

c)

cash in transit insurance policy.

d)

motor vehicle insurance policy. 

10.

'Renovating the Jaffna International Airport in an attractive way' 

The element of transportation implied by this statement is 

a)

Way. 

b)

Power. 

c)

Terminal 

d)

Mode.

11.

What is the non-electronic signs communication method from the following pictures?

a)

b)

c)

d)

12.

 Rasika who does not hold any bank account, paid fuel bill of his motor car using an electronic card.

The electronic card he used is, 

a)

 a debit card. 

b)

a credit card. 

c)

a PET card. 

d)

a SET card. 

13.

 Following are a few occasions in which a trade took place.

To which type of trade do they belong to?

A Purchasing 200 kg of rice by Sunil for giving a free food stall (Dansala) ​ ​ (a)  

B selling bakery products to canteens by Danapala who is a bakery owner ​ (b)  

C Selling 5 000 bricks by a bricks producer to Sujatha who is building her own house​ (c)    

Choose from the below words
Retail trade
Wholesale trade
14.

Following are some services provided by banks out of them, a service provided only to current account holder is 

a)

operating standing orders 

b)

granting bank overdraft facilities. 

c)

maintaining fixed deposits 

d)

providing electronic cash related services. 

15.

While the Colombo port​ is ​ (a)   while the Neveska Lady

Ship which arrived the Colombo port is ​ ​ (b)  

Choose from the below words
the terminal
the mode
the way
the power
16.

Kapila who is a current account holder of people's bank has issued a cheque to Sapumal who is a current account holder of Bank of Ceylon. 

Select the answer which shows the drawer and the payee of the cheque in this case in correct order.


a)

Kapila, People's bank  

b)

Bank of Ceylon,Sapumal 

c)

Sapumal, Kapila 

d)

Kapila,Sapumal

17.

The motor vehicle of Dissanayake which was insured in Sri Lanka insurance Corporation met with an accident while being driven by Bandara who is the driver of Dissanayake

Here the first party is ​ (a)   ​ and the second party is​ (b)   in this case. ​

Choose from the below words
Dissanayake
Sri Lanka Insurance Corporation
Bandara 
Motor vehicle
18.

out of the following, select the correct statement with regard to the feedback of the communication process. 

a)

Feedback is the response received by the receiver from the sender via an oral or non oral media

b)

Feedback is the response received by the sender from the receiver via an oral or a non oral media. 

c)

Feedback is not compulsory to complete the communication process

d)

Feedback is the way the sender acts regarding the message

19.

Gayan purchased an air ticket and paid using a BOC debit card. To do this transaction Gayan should have​ ​ (a)  

Choose from the below words
a savings account in BOC
a credit card in BOC
a fixed deposit in BOC
no account in BOC
20.
Question Image

Match the followingFollowing is a Magnetic Ink Character Recognition (MICR) of a cheque.

The numbers related to the letters are, 

a)

Account Number

1.

D

b)

Bank Branch Code

2.

C

c)

Cheque Number

3.

A

d)

Bank Code

4.

B

21.

Sandun has insured his motor vehicle which is valued at Rs.1 000 000 to the same amount. In an accident Rs. 400 000 worth damage occurred to the motor vehicle. Sandun claimed Rs.1 000 000 compensation for the damage from the insurance company. How much is the compensation Sandun received from the insurance company? 

(a)  

22.

Select the statement that includes an example for mode, an element of transportation. 

a)

Extending the Southern Coastal Railway line to Beliatta 

b)

Extending the Southern Express way to Hambantota 

c)

Opening the Multi Modal Transport Hub in Kottawa 

d)

Commencing a luxury express train to Polonnaruwa Railway station

23.

Ranga who has a current account in People's bank issued a cheque of Rs. 8000 to Kapila. 

Here, Ranga is ​ (a)   , Kapila is ​ (b)   ​and People's bank is (c)  

Choose from the below words
Drawer
Payee
Drawee
Bearer
24.

Select the situation that indicates an internal, verbal and electronic communication method. 

a)

The principal addresses the morning assembly using a loudspeaker. 

b)

The production manager calls suppliers to order raw materials on telephone. 

c)

The class teacher sends letters to parents informing to participate in the parents meeting. 

d)

Marketing Manager sends an email to customers informing new price lists. 

25.

several incidents related to the transportation and elements of transportation are given.

Match the following

a)

Mode

1.

Island wide expansion of 1990 ambulance service

b)

Way

2.

Commencing the constructions of Northern Express way

c)

Terminal

3.

Renovation of central bus stand in Pettah

d)

Power

4.

Adjusting the oil prices based on the crude oil price in world market.