This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 4 Business Services – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 4 Business Services Quiz 20 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. State the difference between goods and services on the basis of inventory A) Services can be stored while goods cannot be stored. B) Services and goods both can be stored. C) Services cannot be stored while goods can be stored. D) None of them. Show Answer Correct Answer: C) Services cannot be stored while goods can be stored. 2. In case of which card holder can spend money only up to the balance in his account A) Credit card. B) Debit card. C) Both a and b. D) None of these. Show Answer Correct Answer: B) Debit card. 3. Which of the following is NOT one of the three essential supports for office management mentioned in the text? A) Relevant information and communication technology. B) Quality information management. C) Effective communication systems. D) Advanced marketing strategies. Show Answer Correct Answer: D) Advanced marketing strategies. 4. Which the following is least popular amongst public? A) Savings Account. B) Current Account. C) Fixed Deposit Account. D) Recurring Deposit Account. E) Multiple option Account. Show Answer Correct Answer: E) Multiple option Account. 5. Which type of insurance is mandatory for vehicles used in business? A) Life Insurance. B) Marine Insurance. C) Motor Insurance. D) Fire Insurance. Show Answer Correct Answer: C) Motor Insurance. 6. What is the significance of warehousing in supply chain management? A) Warehousing eliminates the need for inventory management. B) Warehousing is only important for manufacturing companies. C) Warehousing is significant in supply chain management as it enables effective inventory management, reduces costs, and enhances responsiveness to market demand. D) Warehousing increases transportation time and costs. Show Answer Correct Answer: C) Warehousing is significant in supply chain management as it enables effective inventory management, reduces costs, and enhances responsiveness to market demand. 7. The minimum period of deposit in case of recurring deposit account is ..... and maximum is ..... . A) 12 months, 2 years. B) 6 months, 10 years. C) 4 months, 1 year. D) 8 months, 3 years. Show Answer Correct Answer: B) 6 months, 10 years. 8. In ..... generally interest is not received. A) Recurring deposit account. B) Saving bank account. C) Current account. D) Fixed deposit account. Show Answer Correct Answer: C) Current account. 9. Which of the following can never be dishonored? A) Bank draft. B) Cheque. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: A) Bank draft. 10. The HSC external examination is compulsory for all VET students? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. Which type of business activity involves extracting raw materials from the earth, such as coal or oil? A) Agrarian Business. B) Industrial Business. C) Extractive Business. D) Service Business. Show Answer Correct Answer: C) Extractive Business. 12. ..... account is most suitable for business organization. A) Savings Deposit. B) Fixed Deposit. C) Multiple Option Deposit. D) Current Deposit. Show Answer Correct Answer: D) Current Deposit. 13. Apa yang dimaksud dengan CRM dalam teknologi bisnis? A) Manajemen Hubungan Konsumen. B) Model Hubungan Klien. C) Manajemen Hubungan Pelanggan. D) Manajemen Sumber Daya Pelanggan. Show Answer Correct Answer: C) Manajemen Hubungan Pelanggan. 14. How to prove your point of view? A) Express your opinion. B) Cry. C) Provide facts and evidence. D) Be emotional. Show Answer Correct Answer: C) Provide facts and evidence. 15. Expand VSAT A) Very Simple Aperture Terminal. B) Very Small Aperture Terminal. C) Very Simple Aperture Technique. D) Very Small Aperture Technique. Show Answer Correct Answer: B) Very Small Aperture Terminal. 16. After paying the full compensation the insurer enter into the shoe of insured. This is related to A) Principle of indemnity. B) Principle of subrogation. C) Principle of contribution. D) Principle of utmost good faith. Show Answer Correct Answer: B) Principle of subrogation. 17. In which of the following account highest rate of interest is given: A) Saving Account. B) Current Account. C) Recurring Account. D) Fixed Deposit Account. Show Answer Correct Answer: D) Fixed Deposit Account. 18. What factors should a business consider before outsourcing? A) Higher production speed. B) Less need for training staff. C) Cost-effectiveness, quality, expertise, risks, customer service impact, communication, alignment with goals. D) Increased employee turnover. Show Answer Correct Answer: C) Cost-effectiveness, quality, expertise, risks, customer service impact, communication, alignment with goals. 19. Which of the following is a contract of indemnity A) Life Insurance. B) Fire insurance. C) Marine insurance. D) Both b and c. Show Answer Correct Answer: D) Both b and c. 20. IT REFERS TO THE PECUNIARY INTEREST IN THE SUBJECT MATTER OF THE CONTRACT OF INSURANCE. IDENTIFY THE CONCEPT. A) SUBROGATION. B) INSURABLE INTEREST. C) MITIGATION. D) INDEMNITY. Show Answer Correct Answer: D) INDEMNITY. 21. The largest commercial bank of india is ..... A) RBI. B) PNB. C) SBI. D) ICICI. Show Answer Correct Answer: C) SBI. 22. List two types of insurance that businesses commonly use. A) Life Insurance. B) General Liability Insurance, Property Insurance. C) Health Insurance. D) Travel Insurance. Show Answer Correct Answer: B) General Liability Insurance, Property Insurance. 23. Safety is the responsibility of: A) The teacher. B) Everyone. C) Individual. D) SafeWork NSW. Show Answer Correct Answer: B) Everyone. 24. The functions of a commerce includes A) Acceptance of deposits. B) Granting of loans. C) Locker facility. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. Which of the following service of bank permit withdrawal of money more than the balance in the account? A) Bank draft. B) Banker's Cheque. C) Overdraft. D) Fixed Deposit. Show Answer Correct Answer: C) Overdraft. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books