Textbook Exercise Questions and Answers
I. Choose the Correct Answer
Question 1.
Transport removes the hindrance of ………………
(a) Time
(b) Place
(c) Person
(d) knowledge
Answer:
(b) Place
Question 2.
Air consignment note is prepared in ……………… forms.
(a) One
(b) Two
(c) Three
(d) Four
Answer:
(c) Three
Question 3.
……………… is a document acknowledging the receipt of goods by a carrier.
(a) Waybill
(b) Consignment note
(c) Charter
(d) Bill of lading
Answer:
(d) Bill of lading
Question 4.
Which is the fastest means of transport?
(a) Rail
(b) Road
(c) Sea
(d) Air
Answer:
(d) Air
II. Very Short Answer Questions
Question 1.
Define transport.
Answer:
According to KK Saxena, “the transport system acts with reference to the area it serves in the same way as a candle does in a dark room”.
Question 2.
State any two services rendered by transport.
Answer:
Question 3.
Write any two advantages of water transport.
Answer:
III. Short Answer Questions
Question 1.
What is bill of lading?
Bill of Lading is a document containing the terms and conditions of the contract of carriage. It is issued by the shipping company and signed by the captain of the ship. It acknowledges the receipt of the goods described in it on board the ship. It also serves as n official receipt of goods. It is a document of title of goods.
Question 2.
What is charter party?
Answer:
When goods are to be consigned in large quantity, it is advantageous to hire the whole or substantial part of the ship. The document through which this contract is made is known as ‘Charter Party’ may also be known as ‘Voyage Charter’ or ‘Time Charter’. The person who hires the ship is known as ‘Charter’. The charter becomes responsible to the third parties for the acts of the master and crew of the ship.
IV. Long Answer Questions
Question 1.
Explain different types of transport.
Answer:
Types of transport:
(a) Land Transport
(b) Water transport
(c) Air Transport
(a) Land Transport:
Transport of people and goods by land vehicles is known as Land transport. It is also called ‘Surface Transport’.
(b) Water Transport:
“Water is a free gift of nature. Human civilization through the gradual application of science and technology has utilized water resources for economic, political, and military activities.
(a) Coastal shipping
(b) Overseas shipping
(i) Liner (ii) Tramps
(c) Air Transport:
Air transport is the fastest and the costliest mode of transport. Commercial air transport is now one of the most prominent modes of overseas transport. Domestic and International flights are air travel.
Question 2.
Discuss the advantages of transport.
Answer:
(a) Advantages of railway transport:
(b) Advantages of inland waterways:
(c) Advantages of air transport:
Additional Questions and Answers
I. Choose the Correct Answer:
Question 1.
The liability of the common carrier is governed by …………………..
a) Carriers Act
b) Goods Act
c) Goods and Services Act
d) None of the above
Answer:
a) Carriers Act
Question 2.
Which one is not relevant?
Answer:
(a) Charter party
(b) Voyage charter
(c) Time charter
(d) Rail
Answer:
(d) Rail
Question 3.
The person who hires the ship for the transfer of goods is known as …………………
a) Charter
b) Consignor
c) Drawee
d) Transferor
Answer:
a) Charter
II. Very Short Answer Questions
Question 1.
Define Transport:
Answer:
According to K.K. Saxena, ’’the transport system acts with reference to the area it serves in the same way as a candle does in a dark room”.
III. Short Answer Questions
Question 1.
Write a note on Tramways.
Answer:
It made its appearance in the 19th century as a form of transport suitable for big cities. Tramways were initially horse-drawn later steam-powered and now electrically operated. Its carrying capacity is large. They are able to cope up with the peak hour traffic in big cities with the greater popularity of motor buses, tramways slowly declined. Madras city had tramways till 1933.
For Future Learning
Question a.
Geographical separation between producer and consumer – Comment.
Answer:
Trade and transport connect the producer and customer.
Question b.
Importing Crude oil from foreign countries to Petroleum refineries – transporting through Truck tankers or Pipelines – Suggest with reason.
Answer:
Pipelines are suggested because of lesser cost