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Chapter 12 of 20
Important Questions

Purchase and Sale

NIOS · Class 10 · Business Studies

Most important questions from Purchase and Sale for NIOS Class 10 Business Studies board exam 2026. MCQs, short answer, and long answer questions with marks.

73 questions36 flashcards5 concepts

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73 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
1 marks

Who is the party that transfers ownership of goods or property to the buyer for a price?

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Seller

The seller transfers ownership of goods or property to the buyer for a price.

2multiple choice
1 marks

Who gets ownership of goods or property transferred into his name on payment of money?

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Buyer

The buyer receives ownership of goods or property after payment of money.

3multiple choice
1 marks

Ramesh buys ready-made garments from wholesalers. In this transaction, Ramesh is the

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Buyer

Ramesh is buying garments from wholesalers, so he is the buyer.

4multiple choice
1 marks

In the example of Ramesh buying ready-made garments, the wholesalers are the

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Sellers

The wholesalers are selling ready-made garments to Ramesh, so they are sellers.

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Frequently Asked Questions

What are the important topics in Purchase and Sale for NIOS Class 10 Business Studies?
Purchase and Sale covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Purchase and Sale — NIOS Class 10 Business Studies?
Understand the core concepts first, then work through the 73 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Purchase and Sale?
There are 73 practice questions available for Purchase and Sale. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Business Studies.