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11th Grade > Business Studies

BUSINESS SERVICES MCQs

Total Questions : 30 | Page 3 of 3 pages
Question 21.


What kind of activity do airliners and home repairers fall under?  


  1.     Goods 
  2.     Service 
  3.     Both A & B 
  4.     None of the above 
 Discuss Question
Answer: Option B. -> Service 
:
B

Airliners and home repairers fall under service activity. 


Question 22.


"Insured must disclose the relevant facts related to subject matter". Identify the principle highlighted?


  1.     Principles of indemnity.
  2.     Principle of utmost good faith.
  3.     Principle of contribution
  4.     Principle of subrogation.
 Discuss Question
Answer: Option B. -> Principle of utmost good faith.
:
B

Principle of utmost good faith.The principlemeans that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith towards the company offering the insurance.


Question 23.


State True or False. If the bearer cheque gets stolen, even an outsider can take advantage of the situation and steal the person's money. 


  1.     False
  2.     True
  3.     Both A & B 
  4.     None of the above 
 Discuss Question
Answer: Option B. -> True
:
B

True. If the bearer cheque gets stolen, even an outsider can take advantage of the situation and steal the person's money. 


Question 24.


A warehouse that is used for storage of goods by traders, manufacturers or any member of the public after the payment of a storage fee or charges. 


  1.     Private Warehouse 
  2.     Government Warehouse 
  3.     Cooperative Warehouse 
  4.     Public Warehouse
 Discuss Question
Answer: Option D. -> Public Warehouse
:
D

A warehouse that is used for storage of goods by traders, manufacturers or any member of the public after the payment of a storage fee or charges is known as the public warehouse. The government regulates the operation of these warehouses by issuing a license for them to private parties. 


Question 25.


State True or False. The life insurance premium is paid in one lump sum. 


  1.     True 
  2.     False 
  3.     cheque 
  4.     none of the above 
 Discuss Question
Answer: Option B. -> False 
:
B

False. The life insurance premium is paid in one lump sum, or periodically i.e, monthly, quarterly or half yearly or yearly. 


Question 26.


State True or False. Indian post and telegraph department provides various postal services across India. 


  1.     True 
  2.     False 
  3.     Principle of contribution
  4.     Principle of subrogation.
 Discuss Question
Answer: Option A. -> True 
:
A

True. Indian post and telegraph department provides various postal services across India. For these services, the whole country has been divided into 22 postal circles. 


Question 27.


State True or False. A crossed cheque can be crossed over the entire cheque or on the top right corner of it. 


  1.     True 
  2.     False
  3.     Both A & B 
  4.     None of the above 
 Discuss Question
Answer: Option B. -> False
:
B

False. A crossed cheque can be crossed over the entire cheque or on the top left corner of it. 


Question 28.


________________________________ is a functional 24 * 7 facility, fund transfer at any time of the day. 


  1.     national electronic fund transfer 
  2.     real-time gross settlement 
  3.     immediate payment service 
  4.     none of the above 
 Discuss Question
Answer: Option C. -> immediate payment service 
:
C

Immediate payment service is a functional 24 * 7 facility, fund transfer at any time of the day. 


Question 29.


A ___________ is the most developed credit instrument of the bank, for the withdrawal of deposits. 


  1.     demand draft 
  2.     funds
  3.     cheque 
  4.     none of the above 
 Discuss Question
Answer: Option C. -> cheque 
:
C

A cheque is the most developed credit instrument of the bank, for the withdrawal of deposits. It is the most convenient and an inexpensive medium of exchange.


Question 30.


Food Corporation of India, State Trading Corporation and Central Warehousing Corporation are examples of which warehousing. 


  1.     Private Warehouses
  2.     Public Warehouses 
  3.     Government Warehouses 
  4.     Cooperative Warehouses
 Discuss Question
Answer: Option C. -> Government Warehouses 
:
C

Food Corporation of India, State Trading Corporation and Central Warehousing Corporation are examples of Government warehouses. 


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