Business Studies MCQ Class 11 Chapter 4 | Business Services | Business Studies Quiz for Class 11 and Other Competitive Exams

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Business Studies MCQ Class 11 Chapter 4


1. Which is the central Bank of India?
(a) Central Bank
(b) State Bank of India
(c) Bank of India
(d) Reserve Bank of India

View Answer

(d) Reserve Bank of India


2. The validity period of a demand draft is
(a) One month
(b) Two Months
(c) Three months
(d) Six Months

View Answer

(c) Three months


3. Which of the following is not a function of insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Lending of funds
(d) None of the above

View Answer

(b) Assist in capital formation


4. CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation

View Answer

(c) Central Warehousing Corporation


5. Which of the following is not applicable in a life insurance contract?
(a) Conditional contract
(b) Unilateral contract
(c) Indemnity contract
(d) None of the above

View Answer

(c) Indemnity contract


6. DTH services are provided by
(a) Transport Company
(b) Banks
(c) Cellular Company
(d) None of these

View Answer

(c) Cellular Company


7. Which of the following is a contract of Indemnity?
(a) Marine Insurance
(b) Fire Insurance
(c) Life Insurance
(d) All of the above

View Answer

(b) Fire Insurance


8. What is the full form of WWW?
(a) World Wide Width
(b) World Wide Work
(c) World Wild Web
(d) World Wide Web

View Answer

(d) World Wide Web


9. CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation

View Answer

(c) Central Warehousing Corporation


10. Which is considered the cheapest means of transportation?
(a) Air
(b) Road
(c) Water
(d) Railway

View Answer

(c) Water


11. Time utility is created by _____.
(a) Transportation
(b) Banking
(c) Warehousing
(d) Communication

View Answer

(a) Transportation


12. The functions of commerce include _____.
(a) Acceptance of deposits
(b) Granting of loans
(c) Locker facility
(d) All of the above

View Answer

(d) All of the above


13. ______ is not a type of general insurance.
(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance

View Answer

(d) Life Insurance


14. Time utility is created by
(a) Transportation
(b) Banking
(c) Warehousing
(d) Communication

View Answer

(a) Transportation


15. The benefits of public warehousing includes_______.
(a) Control
(b) Flexibility
(c) Dealer relationship
(d) None of the above

View Answer

(b) Flexibility


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