Teaching Business Studies Business Services Question Bank

done MCQ - Business Services Total Questions - 59

• question_answer1)
  DTH services are provided by
  A)
  Transport companies                   done clear
  B)
   banks done clear
  C)
                      Cellular companies                     done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer2)
  The benefits of public warehousing includes
  A)
   Control                                     done clear
  B)
   flexibility done clear
  C)
                      deder relationship                       done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer3)
  Which of the following is not a function of insurance
  A)
   Risk sharing                               done clear
  B)
                      Assist in capital formation done clear
  C)
                      Lending of funds done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer4)
  Which of the following is not applicable to life insurance contract
  A)
   Conditional contract                   done clear
  B)
   Unilateral Contract. done clear
  C)
                      Indemnity contract                     done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer5)
  CWC stands for
  A)
   Central Water Commission done clear
  B)
                      Central Warehousing Commission done clear
  C)
                      Central Warehousing Corporation done clear
  D)
                      Central Water Corporation done clear
  View Solution play_arrow

• question_answer6)
  Which of the following are identifiable and intangible activities that provide satisfaction of wants?
  A)
   Business                                                    done clear
  B)
   Services done clear
  C)
                      Economic activities                    done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer7)
  In which of the following type of services, a railway journey, is a service which is only provided when customer needs it?
  A)
   Inseparability                             done clear
  B)
   Inventory done clear
  C)
                      Intangibility                               done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer8)
  Match the following

  LIST I		LIST II
  A.	Services are intangible which means they cannot be touched.	1.	Inventory
  B.	Services in which there is no standard fixed for the services of tangible product.	2.	Inseparability
  C.	Services cannot be separated from the production activity.	3.	Inconsistency
  D.	Services cannot be performed earlier in order to use later.	4.	Intangibility

  Codes       
  A)
                                   A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4      done clear
  B)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  C)
                      A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2 done clear
  D)
                      A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done clear
  View Solution play_arrow

• question_answer9)

  Consider the following statements.

  I. Services are not necessarily linked to the sale of product or another service.

  II. It is an act which can’t be taken home, but its effect can be surely carried.

  III. Services are those economic activities that imply an interaction to be realised between the service provider and the customer.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer10)

  Consider the following statements.

  I. Services are inconsistent in nature which means that there is no standard fixed for the services of tangible product.

  II. Different customer have different demand.

  III. These are performed exclusively as per the need, demand and expectation of consumes.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer11)

  Consider the following statement(s).

  I. The term business means an enterprise or a firm involved in the trade of goods and services.

  II. The term services include intangible product such as accounting, banking, consultancy, education etc.

  III. In the competitive world, business enterprises are much dependent on business services.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer12)
  Match the following

  List I		List II
  A.	Services which facilitate finance to the business firm or to any household.	1.	Insurance services
  B.	Services in which an insurance company after charging certain fee transfers the risk of the businessman.	2.	Banking services
  C.	To store the material in regular manner from being processed till consumption.	3.	Communication
  D.	Mode by which enquiry of products, orders, complaints and suggestions are made easily.	4.	Warehousing

  Codes
  A)
                                   A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4      done clear
  B)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  C)
                      A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 done clear
  D)
                      A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  View Solution play_arrow

• question_answer13)
  Match the following

  List I		List II
  A.	State Bank of India	1.	1994
  B.	Punjab National Bank	2.	2009
  C.	Axis Bank	3.	1894
  D.	ICICI	4.	1955

  Codes
  A)
                                   A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4      done clear
  B)
                      A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 done clear
  C)
                      A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  D)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  View Solution play_arrow

• question_answer14)
  There are ......... parties to insurance contract.
  A)
   Two                                         done clear
  B)
   three done clear
  C)
                      Four                                         done clear
  D)
   five done clear
  View Solution play_arrow

• question_answer15)
  Insurance contracts are made according to............ Act, 1872.
  A)
   Indian contract                          done clear
  B)
   Partnership done clear
  C)
                      Sales of goods                           done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer16)
  The liability of the insurance company in respect of insurance starts after.............
  A)
   Filling proposal form done clear
  B)
                      Entering into contract done clear
  C)
                      Payment of the contract done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer17)
  A ......... cannot enter into insurance contract.
  A)
   Minor done clear
  B)
                      Person of unsound mind done clear
  C)
                      A person disqualified by court done clear
  D)
                      None of these done clear
  View Solution play_arrow

• question_answer18)
  A house worth ` 400000 has been insured for ` 300000. The house is completely destroyed by fire, the insurance company will be liable to pay ......... to the insured.
  A)
   ` 3 lakhs                                   done clear
  B)
   ` 4 lakhs done clear
  C)
                      ` 7 lakhs                                   done clear
  D)
   ` 1 lakhs done clear
  View Solution play_arrow

• question_answer19)
  Insurable interest in case of life insurance should be at the time of
  A)
   Taking policy                             done clear
  B)
   loss done clear
  C)
                      and  above                               done clear
  D)
   neither of above done clear
  View Solution play_arrow

• question_answer20)
  Insurable interest should be at the time of taking policy and also at the time of loss in case of......... insurance.
  A)
   Life insurance                            done clear
  B)
   fire done clear
  C)
                      Marine                                      done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer21)
  Insurable interest should be at the time of loss in case of..........
  A)
   Life                                          done clear
  B)
   fire insurance done clear
  C)
                      Marine insurance                        done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer22)
  Fire insurance policy is taken for......... year/years.
  A)
   One                                         done clear
  B)
   two done clear
  C)
                      Three                                       done clear
  D)
   four done clear
  View Solution play_arrow

• question_answer23)
  .........is taking more than one insurance policy for the same risk.
  A)
   Double insurance                       done clear
  B)
   reinsurance done clear
  C)
                      and  above                               done clear
  D)
   neither of above done clear
  View Solution play_arrow

• question_answer24)
  Which of the following banks is/are governed by the provisions of State Cooperative Societies, Act?
  A)
   Commercial banks                     done clear
  B)
   Cooperative banks done clear
  C)
                      Central banks                            done clear
  D)
   Specialised banks done clear
  View Solution play_arrow

• question_answer25)
  Which of the following account is also known as demand deposit account?
  A)
   Saving account                          done clear
  B)
                      Current account done clear
  C)
                      Fixed deposit account done clear
  D)
                      None of the above. done clear
  View Solution play_arrow

• question_answer26)

  Consider the following statement(s).

  I. In recurring deposits, the account holder is required to deposit a specified sum of money every month.

  II. They are also termed as cumulative time deposits.

  III. They are opened for a long period of time.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer27)

  Consider the following statement(s).

  I. NEFT facilitates the transaction in a particular period of time.

  II. The remitter can track the NEFT transaction through the originating bank branch.

  III. There is limit on the amount of funds that could be transferred using NEFT.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer28)
  Which of the following is mainly responsible for the transformation of information and ideas?
  A)
   Electronic media                        done clear
  B)
   Print media done clear
  C)
                      Postal services                           done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer29)
  Which of the following helps in withdrawing and depositing money
  A)
   Debit Card done clear
  B)
                      Credit Card done clear
  C)
                      Automated Teller Machine done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer30)
  Which among the following accounts a lump-sum amount is deposited for a specified period of time?
  A)
   Current account done clear
  B)
                      Fixed deposit account done clear
  C)
                      Recurring deposit account done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer31)
  Which of the following type of account is opened by businessman?
  A)
   Saving account done clear
  B)
                      Current account done clear
  C)
                      Recurring deposit account done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer32)

  Consider the following statement

  I. Insurance is denned as "the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee".

  II. Function of insurance is to provide protection from probable chances of loss.

  III. It assists in capital formation.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer33)

  Which of the following is true about warehousing?

  I. It is a commercial building for storage of goods.

  II. It helps the businessmen to keep their stock in safe custody during dull season.

  III. They are large buildings located in industrial areas of cities and towns.

  Select the correct answer using the codes given below

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer34)

  Consider the following statement(s).

  I. The Government of India has divided the whole country into 22 postal circles.

  II. These circles manage the day-to-day working and perform various services through post offices, sub-post offices and branch post offices.

  III. The communication services are responsible for the transmission.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer35)
  Match the following

  List I		List II
  A.	It is the certificate of posting which is received on payment of the prescribed fee.	1.	Registered Post
  B.	It is a postal facility under which it is ensured that the mail is delivered to the address or it comes back to the sender.	2.	Under Postal Certificate (UPC)
  C.	Under this facility, articles can be sent across the country as well as outside the country.	3.	Speed Post
  D.	This service is designed for very fast delivery of mail.	4.	Parcel Post

  Codes
  A)
   A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3     done clear
  B)
   A\[\to \]3, B\[\to \]2, C\[\to \]1, D\[\to \]4 done clear
  C)
   A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2 done clear
  D)
   A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 done clear
  View Solution play_arrow

• question_answer36)

  Consider the following statement(s) regarding IFSC.

  I. IFSC is an alphanumeric code.

  II. IFSC is an 11 digit code.

  III. IFSC is used by NEFT.

  Which of the statement(s) given above is/are correct?

  A)
   I and II                                     done clear
  B)
   II and III done clear
  C)
                      I and III                                    done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer37)
  Minimum age for saving account is
  A)
   5                                             done clear
  B)
   10 done clear
  C)
                      15                                            done clear
  D)
   18 done clear
  View Solution play_arrow

• question_answer38)
  What is the fall form of the letter T in the term RTGS?
  A)
  Time                                         done clear
  B)
   Transaction done clear
  C)
                      Tax                                          done clear
  D)
   Transfer done clear
  View Solution play_arrow

• question_answer39)
  The maximum amount that can be remitted through RTGS is
  A)
   ` 1crore                                    done clear
  B)
   ` 50 lakh done clear
  C)
                      ` 2 lakh                                    done clear
  D)
   Unlimited done clear
  View Solution play_arrow

• question_answer40)
  What is cloud computing?
  A)
   It is a plateform to outsource business activities via-internet connectivity done clear
  B)
                      It is a counting of clouds with the help of computer done clear
  C)
                      It is a method to solve business problem via-computer done clear
  D)
                      It is a plateform to connect rural population with business done clear
  View Solution play_arrow

• question_answer41)
  Which of the following is largest private sector bank of India?
  A)
   SBI                                          done clear
  B)
   SlDBI done clear
  C)
                      ICICI                                        done clear
  D)
   HDFC done clear
  View Solution play_arrow

• question_answer42)
  Central Bank of India is banker to all bank because
  A)
   It provides bank facility to Central Government done clear
  B)
                      It provides banking facilities to all public and private bank of the country done clear
  C)
                      It provide monetary policy to Central Government done clear
  D)
                      it provides regulatory functions for all the bank of country done clear
  View Solution play_arrow

• question_answer43)
  Money is deposited in regular instalments for a specific time period in the feature of
  A)
   Current account done clear
  B)
                      Recurring deposit account done clear
  C)
                      Saving account done clear
  D)
                      Option deposit account done clear
  View Solution play_arrow

• question_answer44)
  Which of the following instrument can be called as flat money?
  A)
   Debit and Credit card done clear
  B)
                      Bank draft done clear
  C)
                      Cheque done clear
  D)
                      Paper currency done clear
  View Solution play_arrow

• question_answer45)
  The security of National Electronic Funds Transfer (NEFT) is assured by
  A)
   Public key institution done clear
  B)
                      Public key infrastructure done clear
  C)
                      Indian financial network done clear
  D)
                      Electronic fund transfer     done clear
  View Solution play_arrow

• question_answer46)
  Bank overdraft facility is available to which type of bank account?
  A)
   Current account done clear
  B)
                      Saving account done clear
  C)
                      Fixed deposit account done clear
  D)
                      Recurring deposit account done clear
  View Solution play_arrow

• question_answer47)
  The physical damage to the voyages are covered under which type of insurance.
  A)
   Cargo insurance done clear
  B)
                      Freight insurance done clear
  C)
                      Hull insurance done clear
  D)
                      Third-party insurance done clear
  View Solution play_arrow

• question_answer48)

  Which of the following instrument is a medium of exchange?

  I. Bank Draft

  II. Bank overdraft

  III. Cheque

  IV. Fixed deposit amount

  Select the correct answer using the codes given below

  A)
   I, II and III                                done clear
  B)
   I and III done clear
  C)
                      II, III and IV                              done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer49)
  Which of the following service, if undelivered, would amount to payment of extra fee involved in the service?
  A)
   Parcel post                                done clear
  B)
   Speed post done clear
  C)
                      Registered post                           done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer50)
  Which of the following city is known as Silicon Valley of India?
  A)
   Hyderabad                                done clear
  B)
   Noida done clear
  C)
                      Gurgoan                                   done clear
  D)
   Bengaluru done clear
  View Solution play_arrow

• question_answer51)
  Impact of technology on business can be seen apparently on
  A)
   Expension of mobile technology done clear
  B)
                      Extreme customer segmentation done clear
  C)
                      Loss of connectivity done clear
  D)
                      Increasing operation cost done clear
  View Solution play_arrow

• question_answer52)
  Identify the correct full form of RTGS system.
  A)
   Rolling turn Groses Settlement done clear
  B)
                      Real Time Group Settlement done clear
  C)
                      Real Time Gross Settlement done clear
  D)
                      Real Turn Group Settlement done clear
  View Solution play_arrow

• question_answer53)

  Which of the following statement(s) is/are correct?

  I. Payment through RTGS are final and irrevocable.

  II. Minimum amount of RTGS can be transferred is 2 lakh.

  Select the correct answer using the codes given below

  A)
   Only I                                      done clear
  B)
   Only II done clear
  C)
                      Both I and I                              done clear
  D)
   Neither I nor II done clear
  View Solution play_arrow

• question_answer54)

  Which of the following statement(s) is/are correct?

  I. e-banking lowers the transaction cost.

  II. It facilitates the trade stocks and share on upto 13 global stock exchange.

  Select the correct answer using the codes given below

  A)
   Only I                                      done clear
  B)
   Only II done clear
  C)
                      Both I and I                              done clear
  D)
   Neither I nor II done clear
  View Solution play_arrow

• question_answer55)
  What is the full form of KYC?
  A)
   Know Your Care done clear
  B)
                      Know Your Contact done clear
  C)
                      Know Your Customer done clear
  D)
                      Know Your Consumer done clear
  View Solution play_arrow

• question_answer56)

  Which of the following statement(s) is/are correct?

  I. Cooperative banking provides easy loans to its member only.

  II. Specialised banks provide loans for a general purpose of public consumption.

  Select the correct answer using the codes given below

  A)
   Only I                                      done clear
  B)
   Only II done clear
  C)
   Both I and II                             done clear
  D)
   Neither I nor II done clear
  View Solution play_arrow

• question_answer57)

  Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct?

  Assertion (A) Current account are opened by business. These are also known as demand deposit account.

  Reason (R) Because they are payable on demand by the depositors.

  Codes       
  A)
                                   Both (A) and (R) are true and (R) is the correct explanation of A done clear
  B)
                     (A) is true, but (R) is false done clear
  C)
                      Both (A) and (R) are false done clear
  D)
   Both (A) and (R) are true, but (R) is not the correct explanation of done clear
  View Solution play_arrow

• question_answer58)

  Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct?

  Assertion (A) Saving accounts can be opened by anyone after satisfying Know Your Customer (KYC) the norms published by RBI.

  Reason (R) Saving account is meant for individuals who wish to save some amount of money out of their incomes to safeguard their future.

  Codes       
  A)
                                   Both (A) and (R) are true and (R) is the correct explanation of A done clear
  B)
                     (A) is true, but (R) is false done clear
  C)
                      Both (A) and (R) are false done clear
  D)
                      Both (A) and (R) are true, but (R) is not the correct explanation of done clear
  View Solution play_arrow

• question_answer59)

  Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct?

  Assertion (A) e-banking refers to electronic banking or banking using electronic media.

  Reason (R) e-banking is a service provided by banks that enables a customer to conduct banking transactions.

  Codes
  A)
   Both (A) and (R) are true and (R) is the correct explanation of A done clear
  B)
                     (A) is true, but (R) is false done clear
  C)
                      Both (A) and (R) are false done clear
  D)
                      Both (A) and (R) are true, but (R) is not the correct explanation of done clear
  View Solution play_arrow