ICSE Class 10 - CISCE Important Questions for Commercial Applications

Explain in short, any three functions of the Central Bank.

Income and Expenditure Account is a ______ account.

The objective of preparing a ______ account is to find out the cash position of the organization.

Income and expenditure contain only ______ items.

What is a Balance Sheet?

Write any two uses of the Balance Sheet?

Write any two features of the Receipt and Payment Account.

Justify either for or against by giving a reason for the following statement. ‘Income and Expenditure account shows the opening and closing balances of cash in hand and cash at bank.’

State any three points of difference between ‘Receipts and Payment Account’ and ‘Income and Expenditure Account’.

______ is a revolving credit arrangement.

State one point of difference between Cash Credit and Overdraft.

Write about any three general utility functions of Commercial Bank.

Justify either for or against by giving a reason for the following statement. ‘Central Bank is a Banker to the Government.’

Write any three disadvantages of payment through cheques.

Write a short note on Automated Teller Machine.

Job Evaluation is one of the ______ functions of the Human Resource Department.

Write any three features of Human Resources.

Write about any three activities of the procurement function of the Human Resource Department.

______ is a negative process.

______ is the first stage in hiring.