We have assembled NCERT MCQ Questions for Class 11 Business Studies Business Services with Answers available here. MCQ Questions for Class 11 Business Studies with Answers were ready as indicated by the most recent pattern of question papers and Syllabus. Practicing these Business Services Class 11 Business Studies MCQ Questions with Answers is truly powerful to work on your essentials and get familiar with every one of the key ideas.
We trust the given MCQ Questions for Class 11 Business Studies will yield productive outcomes. Realize your preparation level and Increase your preparation with MCQ Questions for Class 11 Business Studies with Answers. This might help you to comprehend and check your insight about the chapters. Each question has four choices followed by the right answer.
1. CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation
2. 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
3. DTH services are provided by________.
(a) Transport companies
(b) Banks
(c) Cellular companies
(d) None of the above
4. The validity period of a demand draft is
(a) One month
(b) Two Months
(c) Three months
(d) Six Months
5. DTH services are provided by
(a) Transport Company
(b) Banks
(c) Cellular Company
(d) None of these
6. Which of the following is an allied postal service-
(a) Greeting post
(b) Media post
(c) Speed post
(d) Passport Application
7. Which of the following is not applicable in life insurance contracts
a) Indemnity contract
b) Unilateral contracts.
c) Conditional Contracts.
d) None of the options
8. Overdraft Facility is available on
a) Current deposit account.
b) Recurring Deposits
c) Saving Deposit Account.
d) Fixed deposits.
9. The largest commercial bank of India
a) SBI
b) RBI
c) PNB
d) ICICI
10. You have to export a consignment of iron ore to France. Which mode of transport will you choose to send it?
a) Air
b) Sea
c) Rail
d) Road
11. Life insurance is a contract of assurance because
a) The sum assured will be certainly paid
b) The policy will certainly mature
c) Death will certainly occur
d) The loss will definitely occurred
12. DTH services are provided by
a) Cellular companies
b) Postal companies
c) Transport companies
d) Banks
13. Which one of the following is NOT the form of e- banking services offered by e-banking?
a) Cheque
b) ATM
c) Pos
d) EFTS
14. IndusInd Bank comes under which category of banks?
a) Private Sector Banks
b) Public Sector Banks
c) Cooperative Banks
d) None of the options
15. RTGS is a fund transfer system from one bank to another
a) Transactions are settled immediately
b) On a real time basis
c) On gross basis
d) None of the options
16. Which of the following is the subject matter of Marine Insurance?
a) All the above
b) Freight
c) Hull
d) Cargo
17. Which of the following is not covered under the principle of indemnity?
a) Life Insurance
b) Fire Insurance
c) Marine Insurance
d) Theft Insurance
18. In case of fire insurance policy, the insurer is liable to compensate for the loss only when the proximate cause of loss is fire.
(a) True
(b) False
(c) Can’t say
(d) Partially true
19. ……… account is meant for people who wish to save a part of their income to safeguard the future and can interest on it.
(a) Current account
(b) Savings account
(c) Recurring account
(d) Multiple option account
20. When a property is insured by more than one insurance (i.e. in case of multiple insurance), the insurers are to share losses in what proportion?
(a) Ratio of premiums received
(b) Ratio of duration of insurance
(c) Ratio of amount insured
(d) Equal ratio
21. …… is a temporary arrangement under which a dpositor is allowed to draw by cheque more than the amount available to his credit upto a specified limit.
(a) Cash credit
(b) Term loan
(c) Bank overdraft
(d) Consumer credit
22. There are services which are experienced differently by different customers. These kind of services depend upon customers preferences and demands and are known as
(a) Personal services
(b) Social services
(c) Business services
(d) Financial services
23. As per the basic principle of the fire insurance policy, it is the primary duty of the insured to take reasonable steps to prevent fire from occuring and to minimise the losses or damage to the insured property. It is the duty of the insured to behave with great prudence and not to be careless just because he has an insurance cover. This principle is known as the principle of
(a) indemnity
(b) proximate cause
(c) subrogation
(d) mitigation
24. The commission charged on banker’s cheque is more than that on a bank draft.
(a) True
(b) False
(c) Can’t say
(d) Partially true
25. When the loss is the result of two or more causes, which of the following terms refers to the direct cause of which the loss is the natural consequence?
(a) Subrogation
(b) Proximate
(c) Mitigation
(d) Indemnity
