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CHAPTER 4 : Business Services NCERT MCQ CLASS 11TH BUSINESS STUDIES | EDUGROWN

NCERT MCQ ON Business Services :

Q.1 In which year Insurance Act was amended in India?

(a) 1940
(b) 1928
(c) 1938
(d) 1945

Answer

(c) 1938

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Q.2 Which of the following is not applicable in life insurance contracts?

(a) Indemnity contract
(b) Unilateral contracts
(c) Conditional Contracts
(d) None of the above

Answer

(a) Indemnity contract

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Q.3 In which year Children’s Money Back plan was introduced?

(a) 1985
(b) 1988
(c) 1995
(d) 1989

Answer

(c) 1995

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Q.4 CWC stands for_______.

(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation

Answer

(c) Central Warehousing Corporation

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Q.5 Which of the following is not a function of insurance?

(a) Risk sharing
(b) Assist in capital formation
(c) Lending of funds
(d) None of the above

Answer

(b) Assist in capital formation

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Q.6 DTH services are provided by________.

(a) Transport companies
(b) Banks
(c) Cellular companies
(d) None of the above

Answer

(c) Cellular companies

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Q.7 It is a type of saving bank account in which excess of a particular limit gets automatically transferred to a fixed deposit account.

(a) Multiple deposit option account
(b) Current account
(c) Recurring deposit account
(d) Salary account

Answer

(a) Multiple deposit option account

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Q.8 ______banks are included in the second schedule of RBI.

(a) Scheduled
(b) State
(c) Commercial
(d) Corporation

Answer

(a) Scheduled

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Q.9 Bankers are not only dealers of money but also leaders in

(a) Industry development
(b) Service development
(c) Trade development
(d) Economic development

Answer

(d) Economic development

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Q.10 In which year Crop Insurance scheme was introduced in India?

(a) 1978-79
(b) 1985-86
(c) 1948-49
(d) 1990-91

Answer

(b) 1985-86

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Q.11 Which of the following is an allied postal service-

(a) Greeting post
(b) Media post
(c) Speed post
(d) Passport Application

Answer

(c) Speed post

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Q.12 The functions of a commerce include

(a) acceptance of deposits
(b) granting of loans
(c) Locker facility
(d) all the above

Answer

(d) all the above

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Q.13 From the following which of these is covered under Marine Insurance?

(a) Whole Life policy
(b) Liability Insurance
(c) Endowment policy
(d) Act only

Answer

(b) Liability Insurance

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Q.14 The fee charged by the insurer on account of providing services is called

(a) Premium
(b) Profit
(c) Dividend
(d) Instalment

Answer

(a) Premium

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Q.15 Which of the following is covered under the life Assurance policy?

(a) Money Back Policy
(b) Declaration policy
(c) Act only
(d) Cargo Insurance

Answer

(a) Money Back Policy

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Q.16 The benefits of public warehousing includes_______.

(a) Control
(b) Flexibility
(c) Dealer relationship
(d) None of the above

Answer

(b) Flexibility

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Q.17 It is not a type of general insurance

(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance

Answer

(d) Life Insurance

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Q.18 What is the full form of WWW

(a) world wide width
(b) world wide work
(c) world wild web
(d) world wide web

Answer

(d) world wide web

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Q.19 Which is considered as the cheapest means of transportation

(a) Air
(b) Road
(c) Water
(d) Railway

Answer

(c) Water

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Q.20 Which of the following is not a function of General Insurance?

(a) Risk sharing
(b) Assist in capital formation
(c) Cattle insurance
(d) None of the above

Answer

(c) Cattle insurance

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Q.21 Which bank is known as Apex Bank of India?

(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Central Bank
(d) The Bank of India

Answer

(a) The Reserve Bank of India