This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 4 Business Services – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 4 Business Services Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. EDI stand for ..... A) Electric Data Interchange. B) Electronic Data Interface. C) Electronic Data Interchange. D) Electric Data Interface. Show Answer Correct Answer: C) Electronic Data Interchange. 2. Which of the following is NOT a function of banking services? A) Providing loans to businesses. B) Insuring businesses against risks. C) Facilitating online transactions. D) Accepting business deposits. Show Answer Correct Answer: B) Insuring businesses against risks. 3. Marine Insurance does not have any surrender value or paid up value. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. What is the first function of management A) Staffing. B) Organising. C) Directing. D) Planning. Show Answer Correct Answer: D) Planning. 5. Accepting deposits is which type of function of banks? A) Primary function. B) Secondary function. C) Social function. D) None of the above. Show Answer Correct Answer: A) Primary function. 6. Ms. Payal has started a new readymade garment unit. She decided to open an account in a Nationalised Bank. But she has no clear idea about the type of account which is most suitable to business people like her. Which account is most suitable for her? A) Savings account. B) Fixed Deposit account. C) Current account. D) Recurring account. Show Answer Correct Answer: C) Current account. 7. Which of the following A/C carries no interest? A) CURRENT ACCOUNT. B) SAVING ACCOUNT. C) TERM DEPOSIT ACCOUNT. D) RECURRING DEPOSIT ACCOUNT. Show Answer Correct Answer: A) CURRENT ACCOUNT. 8. 5) Business services are important for the growth of business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. Which of the following is not a method of e-banking A) CoD. B) Debit card. C) NEFT. D) IMPS. Show Answer Correct Answer: A) CoD. 10. Contract of idemnity does not applies to A) Life insurance. B) Marine Insurance. C) Fire Insurance. D) None of the above. Show Answer Correct Answer: A) Life insurance. 11. If the cargo does not reach its destination due to damage or destruction in the transit, the shipping company is not paid freight charges. To overcome losses suffered by such circumstances, shipping companies opt for A) Ship insurance. B) Hull insurance. C) Cargo insurance. D) Freight insurance. Show Answer Correct Answer: D) Freight insurance. 12. These accounts are opened by businessman. The account holder can deposit and Withdraw money. Whenever desired. A) Fixed deposits account. B) Current Deposit Account. C) Saving Deposit Account. D) Recurring Deposit Account. Show Answer Correct Answer: B) Current Deposit Account. 13. What is the purpose of launching a new sports club/class/activity? A) To boost customer numbers at the centre. B) To reduce costs. C) To replace an old activity. D) To train new staff. Show Answer Correct Answer: A) To boost customer numbers at the centre. 14. When a ship is insured against any type of danger, it is known as A) Life insurance. B) Fire insurance. C) Hull insurance. D) None of the above. Show Answer Correct Answer: C) Hull insurance. 15. W feature of business services include: A) Intangibility & innovative. B) Inventory & electronic. C) Tangibility & consistency. D) Inventory & involvement. Show Answer Correct Answer: D) Inventory & involvement. 16. A business that focuses on changing raw materials into finished products, like turning wood into furniture, is an example of which type of utility? A) Place Utility. B) Time Utility. C) Form Utility. D) Possession Utility. Show Answer Correct Answer: C) Form Utility. 17. What role do IT services play in business operations? A) IT services are only necessary for large corporations. B) IT services primarily focus on hardware sales. C) IT services have no impact on employee productivity. D) IT services are crucial for enhancing efficiency, supporting infrastructure, and enabling communication in business operations. Show Answer Correct Answer: D) IT services are crucial for enhancing efficiency, supporting infrastructure, and enabling communication in business operations. 18. In ..... policy, several ships belonging to one owner are insured under the same policy. A) Fleet Policy. B) Whole life policy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Fleet Policy. 19. When Money is deposited for a fixed period is called A) Fixed Deposit. B) Recuuring Deposit. C) Current Deposit. D) Post office deposit. Show Answer Correct Answer: A) Fixed Deposit. 20. ..... are intangible in nature; they are neither manufactured, transported nor stocked. A) Management. B) Services. C) Business. D) Entrepreneurship. Show Answer Correct Answer: B) Services. 21. What are the powers of a WHS inspector? A) Investigate breaches of the WHS ACT. And assist in the prosecution of the offence. B) Provide information and advice regarding the WHS ACT. C) They can enter a workplace at any time, with or without the consent of the manager or controller of the workplace. D) None of the above. Show Answer Correct Answer: C) They can enter a workplace at any time, with or without the consent of the manager or controller of the workplace. 22. A went to a shop for purchasing 50kg rice. He did not have cash but he has a debit card. He asked shopkeeper for payment by debit card. Shopkeeper takes his debit card and inserts it in a machine. By entering the pin code 'A' paid money to shopkeeper. What does this machine called? A) Point of Sale Machine. B) ATM. C) Computerized Machine. D) None of these. Show Answer Correct Answer: A) Point of Sale Machine. 23. What does 'e' stand for in e-business? A) Extra. B) Electronic. C) Entry. D) Electric. Show Answer Correct Answer: B) Electronic. 24. Which of the following services of bank permits withdrawal of money more than the balance in the account? A) Bank draft. B) Overdraft. C) Banker's Cheque. D) Fixed Deposit. Show Answer Correct Answer: B) Overdraft. 25. Fire insurance contract has an element of A) I. Protection. B) II. Investment. C) III. Profit. D) IV. Income. Show Answer Correct Answer: A) I. Protection. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 4 Business Services Quiz 1Class 11 Business Studies Chapter 4 Business Services Quiz 2Class 11 Business Studies Chapter 4 Business Services Quiz 3Class 11 Business Studies Chapter 4 Business Services Quiz 4Class 11 Business Studies Chapter 4 Business Services Quiz 5Class 11 Business Studies Chapter 4 Business Services Quiz 6Class 11 Business Studies Chapter 4 Business Services Quiz 7Class 11 Business Studies Chapter 4 Business Services Quiz 8Class 11 Business Studies Chapter 4 Business Services Quiz 9Class 11 Business Studies Chapter 4 Business Services Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books