ICSE Commercial Studies: Study Guide & Syllabus  /  Business Courses

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ICSE Commercial Studies: Study Guide & Syllabus Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Which of the following is NOT a type of bank or banking system?

Question 2 2. Why does the Reserve Bank of India (RBI) control the issuance of licenses for new banks/branches?

Question 3 3. Why would the Reserve Bank of India (RBI) take an interest in promoting savings and banking across India?

Question 4 4. Which one of the following is not a function of a banking system?

Question 5 5. How does insurance allow a person or business to manage risk?

Question 6 6. If you are an employer and are concerned about your employees possibly suing you because of being unable to pay their bills because of being out due to a work-related injury, which type of insurance would be the best choice?

Question 7 7. Which of the following statements about warehouse management systems is true?

Question 8 8. What best categorizes air transit?

Question 9 9. The chart of accounts is broken down into _____ types of accounts.

Question 10 10. What is a main difference between budgets and forecasts?

Question 11 11. You have purchased a piece of equipment for your business. Which statement would you use to include this?

Question 12 12. A(n) _____ is a listing of all the accounts of a business and their balances and is created after all transactions for a period have been journalized and posted.

Question 13 13. How is the creation of municipal solid waste different from that of non-municipal solid waste?

Question 14 14. Identify the INCORRECT statement about drinking water in developing countries.

Question 15 15. Mud and small stones settle out of sewage in:

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ICSE Commercial Studies: Study Guide & Syllabus Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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