Answers of Class 10 ICSE COMMERCIAL STUDIES SEMESTER 1 EXAMINATION 2021 | Study Table

ICSE SEMESTER 1 EXAMINATION

SPECIMEN QUESTION PAPER

COMMERCIAL STUDIES

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Maximum Marks: 40

Time allowed: One hour (inclusive of reading time)

ALL QUESTIONS ARE COMPULSORY.

The marks intended for questions are given in brackets [ ].

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Question 1

The stakeholders who are involved in the business firms from within the

organisation are:

1. Internal stakeholders

2. External stakeholders

3. Suppliers

4. Creditors

Ans : (1)

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Question 2

Rent, wages, repairs, taxes are examples of:

1. Capital expenditure

2. Revenue expenditure

3. Deferred revenue expenditure

4. Capital receipts

Ans : (2)

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Question 3

The revenue expenditure the benefit of which extends beyond the current accounting

year but does not result in acquiring permanent assets is:

1. Capital expenditure

2. Revenue expenditure

3. Deferred revenue expenditure

4. Capital receipts

Ans : (3)

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Question 4

The process of translating the value of a product or service in terms of money is:

1. Marketing

2. Advertising

3. Pricing

4. Publicity

Ans : (3)

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Question 5

The __________ provides the consumer access to a variety of goods and services at

competitive prices.

1. Right to safety

2. Right to choose

3. Right to be informed

4. Right to consumer education

Ans : (2)

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Question 6

_____________ are intangible benefits, utilities and satisfactions which are offered

for sale.

1 Product

2. Market

3. Price

4. Services

Ans : (4)

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Question 7

Facebook, YouTube, Twitter, WhatsApp are examples of:

1. Sales promotion

2. Social Media

3. Shareholders

4. Products

Ans : (2)

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Question 8

Distribution of free samples, price contests, clearance sales, etc. are examples of:

1. Consumer exploitation

2. Capital receipts

3. Sales promotion techniques

4. Functions of the Central Bank

Ans : (3)

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Question 9

Consumer __________ means harming the interest of consumers by overcharging,

under weighing, etc.

1. Awareness

2. Exploitation

3. Protection

4. Safety

Ans : (2)

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Question 10

Non-recurring receipts like additional capital, loan, etc. are:

1. Capital receipts

2. Revenue receipts

3. Capital expenditure

4. Revenue expenditure

Ans : (1)

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Question 11

Individuals who are hired to do a specific job are known as:

1. Society

2. Government

3. Employers

4. Employees

Ans : (4)

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Question 12

Purchase of land, building, plant, machinery, etc. are examples of:

1. Capital expenditure

2. Revenue expenditure

3. Deferred revenue expenditure

4. Revenue receipts

Ans : (1)

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Question 13

Persons who supply money as loan to the commercial organisations and charge

interest on it are:

1. Employers

2. Employees

3. Suppliers

4. Creditors

Ans : (4)

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Question 14

Salaries of timekeepers is an example of:

1. Direct Cost

2. Indirect Cost

3. Variable Cost

4. Fixed Cost

Ans : (2)

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Question 15

Which of these is not an example of service?

1. Shipping

2 Laundry

3. Hospital

4. Grooming kit

Ans : (4)

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Question 16

Sending advertising messages to consumers over the internet is:

1. E- Marketing

2. E-Tailing

3. E-Advertising

4. E-Security

Ans : (3)

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Question 17

Which of the following is not generally related to products?

1. Tangible

2. Transferable

3. Perishable

4. Can be replaced

Ans : (3)

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Question 18

Which consumer right allows the consumer to register his/her dissatisfaction at

appropriate forums?

1. Right to safety

2. Right to consumer education

3. Right to be heard

4. Right to choose

Ans : (3)

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Question 19

E- Commerce stands for:

1. Electrical Commerce

2. Electronic Commerce

3. Entertainment Commerce

4. Electrochemical Commerce

Ans : (2)

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Question 20

The amount of expenditure incurred on a given thing is:

1. Cost

2. Profit

3. Income

4. Discount

Ans : (1)

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Question 21

_____________ is an example of services.

1. Door

2. Doctor

3. Window

4. Fan

Ans : (2)

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Question 22

__________ are NOT examples of products.

1. Insurance

2. Mobile

3. Laptop

4. Blackboard

Ans : (1)

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Question 23

___________ is an example of Sales Promotion technique.

1. Advertising

2. Clearance Sale

3. Publicity

4. Pricing

Ans : (2)

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Question 24

Right to safety, right to be heard are rights of _________.

1. Citizens

2. Consumers

3. Sellers

4. Manufacturers

Ans : (2)

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Question 25

Fair wages, security of jobs are expectations of __________.

1. Employees

2. Employers

3. Suppliers

4. Government

Ans : (1)

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Question 26

E-Commerce has ___________ investment in comparison to Traditional Business.

1. Higher

2. Same

3. Lower

4. Very High

Ans : (3)

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Question 27

A consumer buys a packet of biscuits on which MRP, best before date and ingredients

are NOT mentioned. Which consumer right is being violated?

1. Right to safety

2. Right to be heard

3. Right to choose

4. Right to be informed

Ans : (4)

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Question 28

_____________ is exchanging goods for money.

1. Sales

2. Advertising

3. Marketing

4. Publicity

Ans : (2)

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Question 29

____________ cannot be stored

1. Product

2. Advertising

3. Service

4. Marketing

Ans : (3)

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Question 30

Creation and execution, Media planning are functions of __________

1. Marketing

2. Advertising

3. Advertising agency

4. Pricing

Ans : (3)

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Question 31

Which of the following is NOT a merit of advertising?

1. Introduction of a new product

2. Better quality of products

3. Higher prices of products

4. Generation of employment

Ans : (3)

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Question 32

A consumer receives a defective product and does not pursue the matter, considering

it to be his/her bad luck. What type of consumer is he/she?

1. Active

2. Ignorant

3. Alert

4. Informed

Ans : (2)

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Question 33

Match the Column I and Column II:

Column - I                                             Column - II

(a) Government                                   i Security of jobs  (d)

(b) Society                                             ii Pay taxes honestly  (a)

(c) Creditor                                            iii Preserve social and cultural values  (b)

(d) Employee                                         iv Regular and timely payment of interest  (c)

Question 34

Match the Column I and Column II:

Column - I                                             Column - II

(a) Capital expenditure                           i Interest received; rent received (d)

(b) Capital receipts                                 ii Wages, Salaries (c)

(c) Revenue expenditure                        iii Loan, Capital (b)

(d) Revenue receipts                              iv Vehicle, Furniture (a)

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