Class: XII
Retail Operations-(743)
Sample Question Paper 2019-20

SECTION –A

Answer any 10 questions out of the given 12 questions:
1. Inventory cushions are  also referred to as
a. Maximum stock
b. Safety stocks
c. Stock out
d. None of the above
 
2. Stocks must be managed will be in order to
a. Minimize losses
b. Improve efficiency
c. Maximize profits
d. All of the above
  
3. The short distance movement of material between two or more points refers to
a. Warehousing
b. Transportation
c. Material handling
d. Material management
 
4. Which of the following is not the principle of SCM
a. Customer as a King
b. Customer Management
c. Management Logistic
d. Service to owner

5. Which of the following is not the principle of SCM
a. Customer as a King
b. Customer Management
c. Management Logistic
d. Service to owner
 
6. ________ is the last person in the chain who sell his product and services to the customers
a. Agent
b. Dealer
c. Retailers
d. Manufacturer
 
7. Billing accuracy is the most important factor for
a. Customer satisfaction
b. Reseller satisfaction
c. Purchase satisfaction
d. None of the above
 
8. Which of the following is not an accounting concept
a. Going concern concept
b. Money measurement concept
c. Consistency concept
d. All of the above
 
9. A _____ is  a temperature controlled supply chain
a. Cold supply chain
b. CPG supply chain
c. Dairy product supply chain
d. CDIT supply chain
 
10.FMCG stands for
a. Fast Moving Consumer Goods
b. First Moving Consumer Goods
c. Fast Moving Customer Goods
d. Frequent Moving Consumer Goods
 
11.LIFO is the acronym stands for
a. Least In first out
b. Last in first out
c. Last in finished out
d. None of the above
 
12.Which method involves updating the inventory each time an item is removed from inventory with the purpose of making sale.
a. Point of sale method
b. Perpetual method
c. Periodic method
d. None of the above

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