11th Grade > Business Studies
BUSINESS SERVICES MCQs
:
B
Airliners and home repairers fall under service activity.
:
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.
:
B
True. If the bearer cheque gets stolen, even an outsider can take advantage of the situation and steal the person's money.
:
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.
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B
False. The life insurance premium is paid in one lump sum, or periodically i.e, monthly, quarterly or half yearly or yearly.
:
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.
:
B
False. A crossed cheque can be crossed over the entire cheque or on the top left corner of it.
:
C
Immediate payment service is a functional 24 * 7 facility, fund transfer at any time of the day.
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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.
:
C
Food Corporation of India, State Trading Corporation and Central Warehousing Corporation are examples of Government warehouses.