MCQs For NCERT Class 11 Business Studies Chapter 4 Business Services

Please refer to the MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers. The following Business Services Class 11 Business Studies MCQ Questions have been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Business Studies with Answers for all chapters in your NCERT Class 11 Business Studies book.

Business Services Class 11 MCQ Questions with Answers

See below Business Services Class 11 Business Studies MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question. Which principle of insurance is not applicable for life insurance?
(a) Principle of indemnity
(b) Principle of Utmost good faith
(c) Both a and b
(d) None of these

Question. Which principle of insurance states that the insured must take reasonable steps to minimize the loss or damage to the insured property?
(a) Principle of Mitigation of loss
(b) Principle of Proximate Cause
(c) Principle of Indemnity
(d) Principle of Contribution

Question. Which of these is a benefit derived from e-Banking:
(a) Facilitates digital payments and promotes transparency in financial statements
(b) Provides services to the customers anytime they want
(c) It inculcates a sense of financial discipline by recording each and every transaction
(d) All of these

Question. Which is not included in Insurance work.
(a) Division of risk
(b) Helpful in capital formation
(c) To give loan
(d) None of these.

Question. What is the full form of WWW
(a) world wide width
(b) world wide work
(c) world wild web
(d) world wide web

Questio. How many differences had been given between goods and services by the scholars:
(a) 4
(b) 5
(c) 6
(d) 12

Question. Communication services are further classified into:
(a) Postal and communication
(b) Telegraph and communication
(c) Postal and telecom
(d) Telecom and communication

Question. Which of the following is covered under life Assurance policy?
(a) Money Back Policy
(b) Declaration policy
(c) Act only
(d) Cargo Insurance

Question. The study of communication through touch is ________
(a) Chronemics
(b) Haptics
(c) Proxemics
(d) Semantics

Question. Overdraft Facility is available on
(a) Current deposit account.
(b) Recurring Deposits
(c) Saving Deposit Account.
(d) Fixed deposits.

Question. Which of the following contained one of the earliest applications of insurance principles?
(a) Napoleonic Code
(b) Magna Carta
(c) Code of Hammurabi
(d) Charter of London

Question. Which of the following is a principle of insurance:
(a) Utmost good faith
(b) Indemnity
(c) Proximate cause
(d) All of the above

Question. This category of the cheque is to be deposited only in the payee’s account.
(a) Crossed Cheque
(b) Bearer Cheque
(c) Both Crossed Cheque and Bearer Cheque
(d) None of the above

Question. Which of the following has the largest number of branches across India?
(a) Postal offices
(b) Banks
(c) SBI
(d) Insurance companies

Question. The small periodic payment in an insurance are________:
(a) Installments
(b) Investments
(c) Premium
(d) All of these

Question. 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

Question. Cheques which are to be deposited only in the payees account are
(a) Order cheque
(b) Blank cheque
(c) Crossed cheque
(d) Bearer cheque

Question. Crop Insurance is a part of which type of insurance?
(a) Life Insurance
(b) Marine Insurance
(c) Fire Insurance
(d) Other Insurance

Question. This principle of insurance is one by which a policy-holder is compensated for the loss incurred.
(a) Insurable Interest
(B) Utmost Good Faith
(c) Indemnity
(d) Proximate Cause

Question. Fire insurance contract has an element of
(a) Protection
(B) Investment
(c) Profit
(d) Income.

Question. DTH services are provided by
(a) Transport companies
(b) Banks
(c) Insurance companies
(d) Cellular companies

Fill in the Blanks:

Question. The bank which acts as a government banker is ______________.

Question. The commercial banks of India are governed by ______________.

Question. Banking is a type of______________ service. 

Question. Fire insurance policy usually does not exceed ______________ year . 

Question. Business Service sector to minimize the impact of uncertainties ______________.

True / False:

Question. Life insurance contract has an element of uncertainty.

Question. E-banking provides communication services through internet .

Question. The Radio paging services are to way communication service .

Question. “Kisan Vikas Patra” is a saving scheme provided by Indian Post and Telegraph Department .

Question. DTH reduces the dependency on the services provided by the service provider.

Match the following:

Question. Anu wants to take life insurance policies for different purposes . Guide her to take right policy for a particular objective :

1. For her children to meet the expenses of their education or marriage	(a) Endowment life assurance policy
2. For herself to protect from the liabilities of her business partner after his death.	(b) Annuity policy
3. She wants a regular income after a certain age .	(c) Children‟s endowment policy
4. She wants to take a policy which matures after a limited number of years	(d) Joint life policy

Question.

1. HDFC	(a) Bearer cheque
2. The bank which supervises, controls and regulates the activities of all the commercial banks of the country	(b) Commercial Banks
3. Cheques which are encashable immediately at bank counters	(c) Private sector commercial bank
4. This bank has basic function of acceptance of deposits and lending of funds	(d) Crossed cheque
5. Such cheque is to be deposited only in payees account	(e) Public Sector commercial bank
	(f) Central Bank of the country

Question.

1. Transfer of fund from one place to another on account of inter- connectivity of branches	(a) Lending of funds
2. Providing loans and advances out of money received through deposit	(b) Savings Account
3. Withdrawal from account has restrictions in relation to the amount and number of times in a given period.	(c) Remittance of funds
4. Reserve Bank of India	(d) Commercial Bank
5. State Bank of India	(e) Central Bank
	(f) Current Account

Question.

1. VSAT services is a type of	(a) Insurance Company
2. Mail facilities	(b) Telecom services
3. Insurer	(c) Postal services
4. Endowment Life Assurance Policy	(d) Nominee
5. Public Provident Fund	(e) Post Office‟s saving scheme
	(f) Insurance Services