CBSE Class-12 Compartment Exam 2019 : Question Paper- Retail Operations

SECTION A

PART I

Attempt any ten questions :

1. Inventory cushions are also referred as
(a) Maximum stock
(b) Stock out
(c) Minimum stock
(d) Buffer stock

2. (a) Stock Keeping Unit
(b) Stock Kind Unit
(c) Stock Kiosk Unit
(d) All of the above

3. ______________ is the last person in the chain who sells his products and services to the customers.
(a) Agent
(b) Retailer
(c) Dealer 
(d) Manufacturer 

4. Dome camera is a kind of ____________ .
(a) Surveillance equipment 
(b) Storage equipment
(c) Inventory equipment
(d) None of the above

5. ‘‘Debit what comes in, credit what goes out’’ rule is applicable to which types of accounts ?
(a) Real accounts
(b) Nominal accounts
(c) Personal accounts
(d) All of the above

6. Which of the following is not a function of accounting ?
(a) Classification of accounts
(b) Preparation of financial statements
(c) Decision making
(d) Analysis of financial statements

7. Holding of unusually high inventory than the current needs is
(a) Buffer inventory 
(b) Anticipation inventory
(c) Optimum inventory 
(d) None of the above 

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Courtesy: CBSE