Chapter business-services: Business Services MCQs | business studies Class 11 CBSE

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Chapter business-services: Business Services MCQs | business studies Class 11 CBSE | ByteNotes.in

MCQ

Easy difficulty • Choose the correct option

Easy

Question 1

Objective

Which of the following is NOT a feature of services?

Choices

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MCQ

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Easy

Question 2

Objective

The principle that the insured cannot make a profit from an insurance claim is known as:

Choices

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MCQ

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Easy

Question 3

Objective

Which type of bank account is most suitable for businessmen who need to make frequent transactions?

Choices

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MCQ

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Easy

Question 4

Objective

A warehouse receipt can be used by a trader to:

Choices

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MCQ

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Easy

Question 5

Objective

Which of the following insurance policies is compulsory under Indian law for all vehicle owners?

Choices

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MCQ

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Medium

Question 6

Objective

RTGS is used for transferring funds:

Choices

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MCQ

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Medium

Question 7

Objective

The principle of subrogation in insurance means:

Choices

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MCQ

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Medium

Question 8

Objective

Which of the following is a private warehouse?

Choices

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MCQ

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Easy

Question 9

Objective

Under which principle of insurance must both parties disclose all material facts?

Choices

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Easy

Question 10

Objective

Which of the following is a life insurance product that provides coverage only for a specific period?

Choices

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MCQ

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Medium

Question 11

Objective

The minimum amount that can be transferred through RTGS is:

Choices

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MCQ

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Easy

Question 12

Objective

Which of the following warehouses is suitable for storing perishable goods like fruits and vegetables?

Choices

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MCQ

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Medium

Question 13

Objective

Marine insurance covers goods transported by:

Choices

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MCQ

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Medium

Question 14

Objective

Which of the following is an agency function of a commercial bank?

Choices

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MCQ

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Medium

Question 15

Objective

A bonded warehouse is primarily used for storing:

Choices

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MCQ

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Easy

Question 16

Objective

The document issued by an insurer as evidence of an insurance contract is called:

Choices

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MCQ

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Hard

Question 17

Objective

Which type of life insurance policy provides a death benefit as well as survival benefit at fixed intervals during the policy term?

Choices

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MCQ

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Hard

Question 18

Objective

The principle of contribution in insurance applies when:

Choices

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MCQ

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Easy

Question 19

Objective

Which of the following is NOT a function of warehousing?

Choices

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MCQ

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Medium

Question 20

Objective

NEFT transactions are processed:

Choices

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Chapter sections

Chapter business-services: Business Services | MCQs

Which of the following is NOT a feature of services?

The principle that the insured cannot make a profit from an insurance claim is known as:

Which type of bank account is most suitable for businessmen who need to make frequent transactions?

A warehouse receipt can be used by a trader to:

Which of the following insurance policies is compulsory under Indian law for all vehicle owners?

RTGS is used for transferring funds:

The principle of subrogation in insurance means:

Which of the following is a private warehouse?

Under which principle of insurance must both parties disclose all material facts?

Which of the following is a life insurance product that provides coverage only for a specific period?

The minimum amount that can be transferred through RTGS is:

Which of the following warehouses is suitable for storing perishable goods like fruits and vegetables?

Marine insurance covers goods transported by:

Which of the following is an agency function of a commercial bank?

A bonded warehouse is primarily used for storing:

The document issued by an insurer as evidence of an insurance contract is called:

Which type of life insurance policy provides a death benefit as well as survival benefit at fixed intervals during the policy term?

The principle of contribution in insurance applies when:

Which of the following is NOT a function of warehousing?

NEFT transactions are processed:

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