CBSE Class 11 Business Studies Business Services MCQs Set 02

Question: Which of the following is not a type of general insurance:
a) Fire insurance
b) Cargo insurance
c) Freight insurance
d) Life insurance
Answer: d

Question: How many digits are there in PIN (Number):
a) 4
b) 6
c) 5
d) 7.
Answer: b

Question: The function in which the warehouse receives and consolidates goods from different plants and dispatches them to a single person is:
a) Consolidation
b) Stock pilling
c) Value added services
d) Price stabilization
Answer: a

Question: Which type of Insurance has the elements of protection and investment both?
a) Life insurance
b) Fire insurance
c) Marine insurance
d) All of them
Answer: a

Question: Which of the following is a contract of Indemnity
a) Marine Insurance
b) Fire Insurance
c) Life Insurance
d) all of the options
Answer: b

Question: 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

Question: Insurance is a contract between _________ and ________
a) Insurer, insured
b) Agent, insurance
c) Insured, insurance
d) Insurer, family
Answer: a

Question: Which of the following is not a function of warehouses:
a) Price stabilization
b) Consolidation
c) Financing
d) Equilibrium
Answer: d

Question: Which Bank do not work in private sector:
a) Lord Krishna Bank
b) Global Trust Bank
c) Development credit bank limited
d) Canara Bank.
Answer: d

Question: 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 options
Answer: c

Question: The central bank of India is:
a) Reserve Bank of India
b) State Bank of India
c) Punjab National Bank
d) Dena Bank
Answer: a

Question: Which is considered as the cheapest means of transportation
a) Air
b) Road
c) Water
d) Railway
Answer: c

Question: Kotak Mahindra bank is an example of:
a) Public Sector Bank
b) Private Sector bank
c) Cooperative bank
d) Specialized bank
Answer: b

Question: The premature withdrawal is permissible with a percentage of interest being forfeited in:
a) Savings Account
b) Current Account
c) Fixed Account
d) None of the options
Answer: c

Question: DTH services are provided by________.
a) Transport companies
b) Banks
c) Cellular companies
d) None of the options
Answer: c

Question: ________ banks are included in the second schedule of RBI.
a) Scheduled
b) State
c) Commercial
d) Corporation
Answer: a

Question: Which insurance reimburses the loss of freight to the shipping company?
a) Cargo Insurance
b) Ship Insurance
c) Hull Insurance
d) Freight Insurance
Answer: d

Question: Which of the following is an allied postal service-
a) Greeting post
b) Media post
c) Speed post
d) Passport Application
Answer: c

Question: Services provided by the bank on the internet are called________:
a) e-Banking
b) Effective banking
c) Cloud banking
d) None of these
Answer: a

Question: From the following which of this is covered under marine Insurance?
a) Whole Life policy
b) Liability Insurance
c) Endowment policy
d) Act only
Answer: b

Question: Janaklal insured his property with two insurers ,AIG Ltd. For rs. 200,000 and Shreekrishnan General Insurance for rs 600,000. His loss of property actually was for rs 400,000. What amount he can claim from both the insurers?
a) AIG Ltd- 200,000
Shreekrishnan General Insurance-200,000
b) AIG Ltd- 100,000
Shreekrishnan General Insurance-300,000
c) AIG Ltd- 300,000
Shreekrishnan General Insurance-100,000
d) AIG Ltd- 280,000
Shreekrishnan General Insurance-120,000
Answer: b

Fill in the Blanks:

Question: One can receive media services directly through a satelite with the help of dish antenna and a set top box ; ______________ type of communication service is this
Answer: DTH services

Question: The banks which are owned, managed and controlled by private promoters are ______________ sector commercial banks.
Answer: private

Question: The bank which controls and coordinates currency and credit policy of India is Reserve ______________.
Answer: Bank of India

Question: The central bank of India is ______________
Answer: RBI

Question: The banks which are owned, managed and controlled by private promoters are ______________ sector commercial banks.
Answer: private

Question: The function of insurance which provide safety from probable chances of loss is ____________.
Answer: Protection

True / False:

Question: Marine Insurance does not have any surrender value or paid up value.
Answer: True

Question: The subject matter of a Marine Insurance is Intangible assets.
Answer: False

Question: Services are intangible in nature.
Answer: True

Question: Life insurance is not based on the principle of indeminity.
Answer: True

Question: Principle of Utmost Good Faith is not applicable in Life Insurance.
Answer: False

Match the following:

Question: Match these services to the features or facilities included under each :
1. E- banking                       a) Mobile telecom services
2. Postal Services                 b) Movement of goods and passengers
3. Telecom services              c) Mail and financial facilities
4. Transportation                 d) Banking services provided through internet
Answer: 1- d, 2-c, 3-a, 4- b

Question: Match these types of Telecom services with their respective meanings :
1. Cellular mobile services             a) Satellite based communications service offered by businesses and government.
2. Radio paging services                b) Media services with the help of small dish antenna and a set top box.
3. Fixed line services                     c) All types of mobile voice and non voice messages and data services .
4. VSAT services                           d) A network connected through fibre optic cables .
5. DTH services                             e) One way information broadcasting solutions .
Answer: 1- c, 2-e, 3-d, 4- a, 5-b

Question: Match the nature of services to their particular meaning:
1. Intangibility            a) participation of customer is required
2. Inconsistency        b) cannot be stored for future
3. Involvement          c) one can only experience
4. Inventory               d) performed exclusively
Answer: 1- c, 2-d, 3-a, 4- b

Question: Match these types of insurance to their subject matter:
1. Life insurance              a) Physical property or assests
2. Fire insurance             b) Ship , cargo or freight
3. Marine insurance        c) Human life
Answer: 1- c, 2-a, 3-b