Business Services MCQ Questions for Class 11 Business Studies Chapter 4 with Answers

We have completed the NCERT/CBSE chapter-wise Multiple Choice Questions for Class 11 Business Studies book Chapter 4 Business Services with Answers by expert subject teacher for latest syllabus and examination. You can Prepare effectively for the exam, Taking the help of the Class 11 Business Studies Objective Questions PDF free of cost from here. Students can take a free test of the Multiple Choice Questions of Business Services. Each Questions has four options followed by the right answer. Download the Business Studies Quiz Questions with Answers for Class 11 free Pdf and prepare to exam and help students understand the concept very well.

MCQ Questions for Class 11 Business Studies with Answers

Q1. In which year Insurance Act was amended in India?

(i) 1940
(ii) 1928
(iii) 1938
(iv) 1945

(iii) 1938

Q2. From the following which of this is covered under marine Insurance?

(i) Whole Life policy
(ii) Liability Insurance
(iii) Endowment policy
(iv) Act only

(ii) Liability Insurance

Q3. It is included in the public collection :

(i) Control
(ii) Flexibility
(iii) Both (i) and (ii)
(iv) None of these

(iii) Both (i) and (ii)

Q4. Which of the following is not a function of insurance?

(i) Risk sharing
(ii) Assist in capital formation
(iii) Lending of funds
(iv) None of the above

(ii) Assist in capital formation

Q5. Overdraft Facility is available on

(i) Current deposit account.
(ii) Recurring Deposits
(iii) Saving Deposit Account.
(iv) Fixed deposits.

(i) Current deposit account.

Q6. In which year Children’s Money Back plan was introduced?

(i) 1985
(ii) 1988
(iii) 1995
(iv) 1989

(iii) 1995

Q7. Bankers are not only dealers of money but also leaders in

(i) Industry development
(ii) Service development
(iii) Trade development
(iv) Economic development

(iv) Economic development

Q8. Risk in online transaction:

(i) Division of risk
(ii) Duplicacy of Information
(iii) Misuse of Information
(iv) None of these.

(iv) None of these.

Q9. The validity period of a demand draft is

(i) One month
(ii) Two Months
(iii) Three months
(iv) Six Months

(iii) Three months

Q10. You have to export a consignment of iron ore to France. Which mode of transport will you choose to send it?

(i) Air
(ii) Sea
(iii) Rail
(iv) Road

(i) Air

Q11. Bankers are not only dealers of money but also leaders in

(i) Industry development
(ii) Service development
(iii) Trade development
(iv) Economic development

(iv) Economic development

Q12. Which of the following is covered under life Assurance policy?

(i) Money Back Policy
(ii) Declaration policy
(iii) Act only
(iv) Cargo Insurance

(i) Money Back Policy

Q13. ow many differences had been given between goods and services by the scholars:

(i) 4
(ii) 5
(iii) 6
(iv) 12

(ii) 5

Q14. Which of the following is an allied postal service-

(i) Greeting post
(ii) Media post
(iii) Speed post
(iv) Passport Application

(iii) Speed post

Q15. DTH services are provided by

(i) Cellular companies
(ii) Postal companies
(iii) Transport companies
(iv) Banks

(i) Cellular companies

Q16. In which year Crop Insurance scheme was introduced in India?

(i) 1978-79
(ii) 1985-86
(iii) 1948-49
(iv) 1990-91

(ii) 1985-86

Q17. When money is deposited for a fixed period it s called

(i) Recurring deposit
(ii) Fixed deposit
(iii) Current deposit
(iv) Savings deposit

(ii) Fixed deposit

Q18. Which is primary function of the Bank:

(i) Issue of credit letter
(ii) Keeping valuables
(iii) Accepting deposits
(iv) Giving loan for Education.

(iii) Accepting deposits

Q19. Time utility is created by

(i) Transportation
(ii) Banking
(iii) Warehousing
(iv) Communication

(i) Transportation

Q20. IndusInd Bank comes under which category of banks?

(i) Private Sector Banks
(ii) Public Sector Banks
(iii) Cooperative Banks
(iv) None of the options

(i) Private Sector Banks

Q21. The fee charged by the insurer on account of providing services is called

(i) Premium
(ii) Profit
(iii) Dividend
(iv) Instalment

(i) Premium

Q22. Which bank is known as Apex Bank of India?

(i) The Reserve Bank of India
(ii) The State Bank of India
(iii) The Central Bank
(iv) The Bank of India

(i) The Reserve Bank of India

Q23. How many digits are there in PIN (Number):

(i) 4
(ii) 6
(iii) 5
(iv) 7.

(ii) 6

Q24. It is not a type of general insurance

(i) Marine Insurance
(ii) Fidelity Insurance
(iii) Fire Insurance
(iv) Life Insurance

(iv) Life Insurance

Q25. Which of the following is the subject matter of Marine Insurance?

(i) All the above
(ii) Freight
(iii) Hull
(iv) Cargo

(i) All the above

Q26. Which of the following is not a function of General Insurance?

(i) Risk sharing
(ii) Assist in capital formation
(iii) Cattle insurance
(iv) None of the above

(iii) Cattle insurance

Q27. This category of cheque is to be deposited only in the payees account.

(i) Crossed Cheque
(ii) Bearer Cheque
(iii) Both Crossed Cheque and Bearer Cheque
(iv) None of the above

(i) Crossed Cheque

Q28. In life Insurance contract which is not applicable :

(i) Conditional contract
(ii) One prided contract
(iii) Principle of compensation
(iv) None of these.

(iii) Principle of compensation

Q29. What is the full form of WWW

(i) world wide width
(ii) world wide work
(iii) world wild web
(iv) world wide web

(iv) world wide web

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MCQ Questions for Class 11 Business Studies with Answers

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