Ch 4: Common Business Terminologies — Chapter Test
CSEET
📚 Business Communication
📖 Ch.4 — COMMON BUSINESS TERMINOLOGIES
⭐ V1: Previous Year Question (PYQ)
⚡ Free Mode (Answers Locked)
⏱ Duration: 25 Mins
🎯 Total Marks: 20
Passed at: 10 Marks
Max Attempts: 10
Standard ICSI CSEET objective examination for Common Business Terminologies. 20 MCQs with instant scoring and detailed explanations.
📑 Exam Questions
20 Questions • Total 20 MarksQuestion 1:
1 Marks
The systematic reduction of a debt or the gradual writing off of an asset's cost over a period is known as:
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Question 2:
1 Marks
The simultaneous purchase and sale of an asset in different markets to profit from a price difference is termed as:
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Question 3:
1 Marks
Amounts owed to a business that are unlikely to be collected are classified as:
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Question 4:
1 Marks
A person in possession of a financial instrument, such as a cheque or bond, that is payable to whoever holds it, is known as a:
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Question 5:
1 Marks
A large, well-established, and financially sound company with a long record of stable earnings and dividends is often referred to as a:
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Question 6:
1 Marks
A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a specific time frame is a:
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Question 7:
1 Marks
An asset pledged by a borrower to a lender as security for a loan is known as:
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Question 8:
1 Marks
The process of converting physical share certificates into electronic form is called:
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Question 9:
1 Marks
The reasonable steps taken by a person or company to satisfy a legal requirement, especially before entering into an agreement or a financial transaction, is termed as:
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Question 10:
1 Marks
A legal arrangement where a third party temporarily holds money or property until a particular condition has been met or a contract fulfilled is called:
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Question 11:
1 Marks
The intangible asset of a business that represents its reputation, customer loyalty, brand recognition, and other non-physical assets that contribute to its value is known as:
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Question 12:
1 Marks
A contractual agreement where one party agrees to compensate another party for losses or damages that have occurred or may occur is known as:
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Question 13:
1 Marks
The first time a private company offers its shares to the public for subscription is referred to as an:
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Question 14:
1 Marks
Assets that can be quickly converted into cash with minimal loss of value are termed as:
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Question 15:
1 Marks
A temporary suspension of an activity or law, especially a legal authorization to delay payment of debt, is called a:
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Question 16:
1 Marks
A person authorized to act for another, especially in voting at a meeting, is called a:
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Question 17:
1 Marks
The minimum number of members of an assembly or society that must be present at any of its meetings to make the proceedings of that meeting valid is known as:
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Question 18:
1 Marks
An act that requires legal authority but is done without it, or an act that is beyond the scope of legal power or authority granted to a corporation by its charter, is termed as:
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Question 19:
1 Marks
The principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is known as:
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Question 20:
1 Marks
A clause in a contract that frees both parties from liability or obligation when an extraordinary event or circumstance beyond their control prevents them from fulfilling obligations is called:
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