OCM Unit Test 1 FYJC - Sept 24, 2019 PDF
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Uploaded by FamedTrombone
Smt. M.M.K College of Commerce and Economics
2019
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Summary
This is a FYJC first unit test in commerce and economics, focusing on topics like industry, trade, and retail. The test covers questions that require students to distinguish between different business concepts and to define details of retail trade and business, providing multiple-choice questions, short answer questions, and essay questions.
Full Transcript
# SMT MMK COLLEGE OF COMMERCE AND ECONOMICS ## FYJC First Unit Test ### Subject: OCM DATE: 24TH SEPT, 2019 TIME: 1HOUR, 30 MIN ### Q1) Select the correct option and rewrite the sentence. (5 MARKS) a) A lawyer is _______________. (a professional person, a businessman an empl...
# SMT MMK COLLEGE OF COMMERCE AND ECONOMICS ## FYJC First Unit Test ### Subject: OCM DATE: 24TH SEPT, 2019 TIME: 1HOUR, 30 MIN ### Q1) Select the correct option and rewrite the sentence. (5 MARKS) a) A lawyer is _______________. (a professional person, a businessman an employee) b) Buying and selling of goods is known as _______________. (Trade, Profession, Industry) c) Raw material is converted into finished product by _______________ industry. (Genetic, Extractive, Manufacturing) d) A wholesaler invests _______________ capital in business. (Small, large, less) e) _______________ carry goods on their head in baskets or containers. (Hawkers, Peddlers, Cheap jacks) ### Q2) Distinguish between (Any1) (5 MARKS) a) Industry and Commerce b) Retailer and Wholesaler ### Q3) Answer in brief (Any1) (5 MARKS) a) Explain any two types of industries. b) Name and explain the types of itinerant retailers. ### Q4) Answer in detail (Any1) (10 MARKS) 1) Define retail trade. Explain the different services of retailers. 2) Define business. Explain its features.
