Q. _____ arrangement by which a bank allows its customer to borrow money up to the specified limit.
✅ Correct Answer: (A)
Cash Credits
Business Services MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Business Studies | Chapter: Business Services here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. Insurance is a contract between _________ and ________
✅ Correct Answer: (A)
Insurer, insured
Q. A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. A fire occurs and the whole stock gets damaged. The Insurance Company admits a claim of Rs. 50,000 only and not Rs. 70,000. Identify the principle of insurance being applied?
✅ Correct Answer: (A)
Principle of Indemnity
Q. Which of the following is not applicable in life insurance contracts?
✅ Correct Answer: (A)
Indemnity contract
Q. It is a type of saving bank account in which excess of a particular limit gets automatically transferred to a fixed deposit account.
✅ Correct Answer: (A)
Multiple deposit option account
Q. ________ banks are included in the second schedule of RBI.
✅ Correct Answer: (A)
Scheduled
Q. Bankers are not only dealers of money but also leaders in
✅ Correct Answer: (D)
Economic development
Q. In which year Crop Insurance scheme was introduced in India?
✅ Correct Answer: (B)
1985-86
Q. From the following which of these is covered under Marine Insurance?
✅ Correct Answer: (B)
Liability Insurance
Q. The fee charged by the insurer on account of providing services is called
✅ Correct Answer: (A)
Premium
Q. Which of the following is covered under the life Assurance policy?
✅ Correct Answer: (A)
Money Back Policy
Q. Which of the following is not a function of General Insurance?
✅ Correct Answer: (C)
Cattle insurance
Q. Which bank is known as Apex Bank of India?
✅ Correct Answer: (A)
The Reserve Bank of India
Q. Its main function is to control and coordinate the currency and credit policies of our country. Identify the institution mentioned here.
✅ Correct Answer: (A)
The Reserve Bank of India
Q. This category of the cheque is to be deposited only in the payee’s account.
✅ Correct Answer: (A)
Crossed Cheque
Q. Which of the following contained one of the earliest applications of insurance principles?
✅ Correct Answer: (C)
Code of Hammurabi
Q. Which of the following element is present in the case of Life Insurance?
✅ Correct Answer: (A)
Security, Investment
Q. The addition of the words___________ directs the banker to collect the cheque and credit the proceeds to the payee’s account.
✅ Correct Answer: (B)
Account payee
Q. Which of the following has the largest number of branches across India?
✅ Correct Answer: (A)
Postal offices
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