Business And Commerce - Study Mode

[#451] In which method of filing, all the letters and documents are passed in the book in chorological order?
Correct Answer

(B) Bound book

Explanation

Solution: In Bound book method of filing, all the letters and documents are passed in the book in chorological order. Whenever papers are to be filed, they are pasted on leaves of books in a chronological order. Small papers of varying sizes are filled in the bound book.

[#452] Which types of files are available in the form of tray that lie flat horizontally in a cabinet?
Correct Answer

(C) Visible files

Explanation

Solution: Visible files are available in the form of tray that lie flat horizontally in a cabinet. A visible file, sometimes just called a kardex, after a prominent purveyor, is a filing system for overlapping cards fixed in shallow drawers.

[#453] Which index system is used when small information is required about customers?
Correct Answer

(C) Strip index

Explanation

Solution: Strip index system is used when small information is required about customers. Strip indexing is a rarer form of indexing. Visualize a set of small strips on card stock, placed so each is visible. The strip index can hang up on a wall.

[#454] Except life insurance generally the maximum term of other insurance is ________ .
Correct Answer

(A) 12 months

Explanation

Solution: Except life insurance generally the maximum term of other insurance is 12 months.

[#455] Which of the following is not a non-tariff barrier?
Correct Answer

(D) Ad-valorem duties