This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 4 Business Services – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 4 Business Services Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Mohan mortgages his factory to Sham and gets a loan from him. Sham gets it insured for fire. Which principle of insurance is applicable here? A) Principle of Insurable Interest. B) Principle of Utmost Good Faith. C) Principle of Indemnity. D) None of these. Show Answer Correct Answer: A) Principle of Insurable Interest. 2. Principle of indemnity is not applicable on A) Marine insurance. B) Fire insurance. C) Life insurance. D) None of the above. Show Answer Correct Answer: C) Life insurance. 3. If an incident poses an immediate threat, such as a large chemical spill, what action is required? A) Complete a weekly checklist. B) Phone emergency services on 000. C) Email the EPA news team. D) Wait for the next team meeting. Show Answer Correct Answer: B) Phone emergency services on 000. 4. Jenis bisnis manakah yang melibatkan ekstraksi sumber daya alam? A) Bisnis industri. B) Bisnis jasa. C) Bisnis pertanian. D) Bisnis ekstraktif. Show Answer Correct Answer: D) Bisnis ekstraktif. 5. Jenis bisnis manakah yang fokus pada penghasilan keuntungan? A) Non-profit. B) Jasa. C) For-profit. D) Layanan masyarakat. Show Answer Correct Answer: C) For-profit. 6. "It is the type of deposit account in which the deposit in excess of a particular limit automatically gets converted into fixed deposit." This deposit is related to ..... A) Recurring deposit account. B) Fixed deposit account. C) Savings account. D) Multi option deposit account. Show Answer Correct Answer: D) Multi option deposit account. 7. Which of the following is the meaning of premium? A) A one-time payment for Insurance. B) A periodical payment for insurance. C) A payment for the best version of an Insurance policy. D) A one-time or periodical payment for Insurance. Show Answer Correct Answer: D) A one-time or periodical payment for Insurance. 8. Which action aligns with the guidance to start with organizational policy and procedures when identifying workplace sustainability procedures? A) Ignore existing procedures and create new ones from scratch. B) Check whether established sustainability procedures already exist and build on or improve them. C) Wait for new legislation before taking any action. D) Focus only on international standards and avoid local ones. Show Answer Correct Answer: B) Check whether established sustainability procedures already exist and build on or improve them. 9. It is a type of saving bank account in which excess of a particular limit gets automatically transferred to fixed deposit account. A) Current deposits account. B) Recurring deposits. C) Multiple option deposit account. D) None of these. Show Answer Correct Answer: C) Multiple option deposit account. 10. ..... includes both public and private sector banks A) Central bank. B) Cooperative banks. C) Specialized banks. D) Commercial bank. Show Answer Correct Answer: D) Commercial bank. 11. Commercial Bank accept ..... from public A) LOAN. B) DEPOSIT. C) All the above. D) None of the above. Show Answer Correct Answer: B) DEPOSIT. 12. Kotak Mahindra bank is an example of: A) Public Sector Bank. B) Private Sector bank. C) Cooperative bank. D) Specialized bank. Show Answer Correct Answer: B) Private Sector bank. 13. Which if these creates time utility? A) Communication. B) Transport. C) Warehouse. D) Marketing. Show Answer Correct Answer: C) Warehouse. 14. Which of the following is a type of commercial bank? A) Central bank. B) Cooperative bank. C) Specialized bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. What is the insured person known as in the case of life insurance contracts? A) Assured. B) Customer. C) Insurer. D) Buyer. Show Answer Correct Answer: A) Assured. 16. Which one is a type of business service A) Eating services. B) Cooking services. C) Marketing services. D) Shopping services. Show Answer Correct Answer: C) Marketing services. 17. In which type of insurance, loss is not measurable. A) Life Insurance. B) Fire Insurance. C) Marine Insurance. D) Burglary Insurance. Show Answer Correct Answer: A) Life Insurance. 18. What is the nature of services? A) Tangible. B) Intangible. C) Homogeneous. D) Hetrogeneous. Show Answer Correct Answer: B) Intangible. 19. How might a workplace help employees learn sustainability procedures? A) Through training that teaches how to do the job while being friendly to the environment and people. B) By removing all written policies. C) By relying on informal gossip. D) By assigning procedures only to senior staff. Show Answer Correct Answer: A) Through training that teaches how to do the job while being friendly to the environment and people. 20. Apa karakteristik dari sebuah kemitraan? A) Tanggung jawab terbatas. B) Pemilik tunggal. C) Non-profit. D) Pemilik ganda. Show Answer Correct Answer: D) Pemilik ganda. 21. WHICH OF THE FOLLOWING IS NOT THE FUNCTION OF COMMERCIAL BANK? A) ACCEPTING DEPOSITS. B) ADVANCING LOANS. C) CUSTODIAN OF FOREIGN EXCHANGE. D) REMITTANCE OF FUNDS. Show Answer Correct Answer: C) CUSTODIAN OF FOREIGN EXCHANGE. 22. Which principle of insurance is highlighted in the following statement:Insurer is not liable for any uninsured causes or perils A) Utmost good faith. B) Insurable interest. C) Indemnity. D) Proximate cause. Show Answer Correct Answer: D) Proximate cause. 23. Handling of securities is known as ..... A) Financial Management. B) Forex Management. C) Investment Management. D) Portfolio Management. Show Answer Correct Answer: D) Portfolio Management. 24. Full form of PIN which we use in Various transaction from bank A) Public identification no. B) Personal identification no. C) Private identification no. D) Pure identification no. Show Answer Correct Answer: B) Personal identification no. 25. Apa yang dimaksud dengan istilah 'telecommuting'? A) Bekerja di kantor tanpa teknologi. B) Bepergian untuk rapat bisnis. C) Liburan sambil bekerja. D) Telecommuting adalah bekerja dari jarak jauh, biasanya dari rumah, menggunakan teknologi. Show Answer Correct Answer: D) Telecommuting adalah bekerja dari jarak jauh, biasanya dari rumah, menggunakan teknologi. ← 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 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 10Class 11 Business Studies Chapter 4 Business Services Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books