Kumaran is seller of modern types of cell phone covers. Valli purchased Rs 100000/- valued of cellphone cover from him and, paid Rs 60000/- immediately. and she agreed to pay the balance with twoequal instilment.Select the function of money in order as mention in the above case from the following functions ofmoneyA - Medium of exchangeB - Standard for valueC - store of valueD - deferred payment tool(1) A B C (2) A B D (3) B C (4) C D (5) B D ( .........)10) Following are some functions of central bankA - Following macro economies policiesB - Promoting financial inflow of Sri LankaC - Financial intelligence servicesD - Managing employees provident fundE - Establishing deposit insurance schemeF - Foreign currency controlSelect the group which is consist only the agency services of central bank(1) A, B, D (2) A, E, F (3) B, C, E (4) B, C, F (5) C, E, F ( .........)11) Select the incorrect statement from the following relation to usage of cheque(1) In Sri Lanka cheques are used under the banking act(2) Life time of cheque is six years.(3) Account payee only not negotiable cross cheque should be in name of person.(4) Authority for removing the cross from the cheque is drawer only.(5) Validity period of a government cheque is 30 days. ( ....... )12) Following are the type of risk arises in business.A - Losses in change in designB - Accident of delivery vanC - Bankrupt of a debtorD - Market failure due to bad management decision.E - Rusting of iron in the buildingF - Owner of the business in dead cause of heart attack.Select the group which consists only non-insurable risk.(1) A, B (2) C, E (3) A, D, E (4) C, E, F (5) F only ( .........)13) Which one is not a disadvantages of communication of signs and symbols(1) Difficult to convey the message and information to the blind.(2) Misunderstanding of information due to manipulation of symbols.(3) Difficult to understand the all the symbols.(4) Want to have adequate knowledge to understand the sings and symbols. ( ....... )(5) Information’s are short
Question
Kumaran is seller of modern types of cell phone covers. Valli purchased Rs 100000/- valued of cellphone cover from him and, paid Rs 60000/- immediately. and she agreed to pay the balance with twoequal instilment.Select the function of money in order as mention in the above case from the following functions ofmoneyA - Medium of exchangeB - Standard for valueC - store of valueD - deferred payment tool(1) A B C (2) A B D (3) B C (4) C D (5) B D ( .........)10) Following are some functions of central bankA - Following macro economies policiesB - Promoting financial inflow of Sri LankaC - Financial intelligence servicesD - Managing employees provident fundE - Establishing deposit insurance schemeF - Foreign currency controlSelect the group which is consist only the agency services of central bank(1) A, B, D (2) A, E, F (3) B, C, E (4) B, C, F (5) C, E, F ( .........)11) Select the incorrect statement from the following relation to usage of cheque(1) In Sri Lanka cheques are used under the banking act(2) Life time of cheque is six years.(3) Account payee only not negotiable cross cheque should be in name of person.(4) Authority for removing the cross from the cheque is drawer only.(5) Validity period of a government cheque is 30 days. ( ....... )12) Following are the type of risk arises in business.A - Losses in change in designB - Accident of delivery vanC - Bankrupt of a debtorD - Market failure due to bad management decision.E - Rusting of iron in the buildingF - Owner of the business in dead cause of heart attack.Select the group which consists only non-insurable risk.(1) A, B (2) C, E (3) A, D, E (4) C, E, F (5) F only ( .........)13) Which one is not a disadvantages of communication of signs and symbols(1) Difficult to convey the message and information to the blind.(2) Misunderstanding of information due to manipulation of symbols.(3) Difficult to understand the all the symbols.(4) Want to have adequate knowledge to understand the sings and symbols. ( ....... )(5) Information’s are short
Solution
The question seems to be incomplete. However, I'll try to answer the parts that are clear:
For the first question, the functions of money in the scenario are: A - Medium of exchange (Valli uses money to buy the cellphone cover), B - Standard for value (The cellphone cover is valued in terms of money), and D - deferred payment tool (Valli agrees to pay the balance in two equal installments). So, the answer is (2) A B D.
For the second question, the agency services of the central bank could include: B - Promoting financial inflow of Sri Lanka, C - Financial intelligence services, and E - Establishing deposit insurance scheme. So, the answer could be (3) B, C, E.
For the third question, the incorrect statement about the usage of cheques is (2) Life time of a cheque is six years. In most countries, a cheque is typically valid for six months, not six years.
For the fourth question, the non-insurable risks could be: A - Losses in change in design, D - Market failure due to bad management decision, and E - Rusting of iron in the building. So, the answer could be (3) A, D, E.
For the fifth question, the statement that is not a disadvantage of communication of signs and symbols is (5) Information’s are short. This is usually seen as an advantage because it allows for quick and efficient communication.
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