This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 4 Business Services – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 4 Business Services Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Company Adi sells products to individuals. What EC classification do they fit? A) B2C. B) B2B. C) C2C. D) P2P. Show Answer Correct Answer: A) B2C. 2. How can businesses ensure social responsibility in their transportation practices? A) Increase transportation costs without improving efficiency. B) Use only traditional fuel sources for transportation. C) Adopt eco-friendly vehicles and optimize logistics. D) Ignore local regulations regarding emissions. Show Answer Correct Answer: C) Adopt eco-friendly vehicles and optimize logistics. 3. Which method is listed as a way businesses assess compliance with environmental policies and procedures? A) Conducting weekly social events. B) Completing a checklist to see if steps are being followed. C) Hiring only certified green suppliers. D) Eliminating all paper use immediately. Show Answer Correct Answer: B) Completing a checklist to see if steps are being followed. 4. How many core units are there in the Business Service Training Package? A) 1. B) 7. C) 3. D) 4. Show Answer Correct Answer: A) 1. 5. A project has ended and nothing new has been added for a period of time or the files no longer are in use but must be retained for legal reasons like taxation records. What should happen to the file? A) It should be removed. B) It should be disposed. C) It should be archived. D) It should be given to the manager of the business. Show Answer Correct Answer: C) It should be archived. 6. In which of the following account is higher rate of interest given A) Saving Account. B) Current Account. C) Recurring Account. D) Fixed Deposit Account. Show Answer Correct Answer: D) Fixed Deposit Account. 7. WHICH OF THE FOLLOWING IS NOT COVERED UNDER THE CONTRACT OF INDEMNITY? A) LIFE INSURANCE. B) FIRE INSURANCE. C) MARINE INSURANCE. D) THEFT INSURANCE. Show Answer Correct Answer: A) LIFE INSURANCE. 8. Principle of indemnity is not applicable to which type of insurance? A) Car Insurance. B) Health Insurance. C) Life Insurance. D) Home Insurance. Show Answer Correct Answer: C) Life Insurance. 9. The bank does not pay interest on saving account deposit A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 10. A trustee has insurable interest in the property held on behalf of others. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. What is one example of an instruction service provided by sports businesses? A) Physiotherapy through the NHS. B) Running coach giving advice on gait analysis. C) Customer service at the reception desk. D) Offering gym packages. Show Answer Correct Answer: B) Running coach giving advice on gait analysis. 12. ..... banking refers to the use of banking services with the help of mobile phones. A) ATM. B) Mobile. C) All the above. D) None of the above. Show Answer Correct Answer: B) Mobile. 13. Banks create money by taking in deposits, making ..... , and charging ..... A) Interest, payments. B) Loans, interest. C) Payments, loans. D) Debt, loans. Show Answer Correct Answer: B) Loans, interest. 14. Which principle of insurance requires full disclosure of material facts? A) Insurable Interest. B) Indemnity. C) Proximate Cause. D) Utmost Good Faith. Show Answer Correct Answer: D) Utmost Good Faith. 15. How does technology impact warehousing operations? A) Technology complicates the shipping process in warehouses. B) Technology has no effect on inventory levels. C) Technology increases labor costs in warehousing operations. D) Technology improves efficiency, accuracy, and inventory management in warehousing operations. Show Answer Correct Answer: D) Technology improves efficiency, accuracy, and inventory management in warehousing operations. 16. Which bank is known as the Apex Bank of India? A) The State Bank of India. B) The Union Bank of India. C) The Reserve Bank of India. D) The Bank of India. Show Answer Correct Answer: C) The Reserve Bank of India. 17. ..... is where a fake website is set up to look like your online bank account. It will steal your account number and password. A) Phishing. B) Virus. C) Worm. D) Hacking. Show Answer Correct Answer: A) Phishing. 18. Commercial Banks provide the facility of fund transfer from one place to another, on account of inter-connectivity of branches. Such facility is called as: A) Acceptance of deposits. B) Allied services. C) Lending of funds. D) Remittance of funds. Show Answer Correct Answer: D) Remittance of funds. 19. Life insurance contract has an element of uncertainty. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. (IFCI) full form A) Industrial Finance Corporation of India. B) Industrial Finance commercial of India. C) Industrial Finance conservation of India. D) None of the above. Show Answer Correct Answer: A) Industrial Finance Corporation of India. 21. There is no minimum transaction value is A) (a) NEFT. B) (b) RTGS. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: A) (a) NEFT. 22. Why do workplaces have to implement some sustainability procedures according to the text on laws and standards? A) It is optional and based on company culture. B) They are based on government laws and accepted standards, so workplaces must do them. C) Only customers demand them. D) They replace all other safety rules. Show Answer Correct Answer: B) They are based on government laws and accepted standards, so workplaces must do them. 23. Another name for pay order: A) Bankers cheque. B) Bank draft. C) Bank overdraft. D) Cash credit. Show Answer Correct Answer: A) Bankers cheque. 24. 3) ..... warehouses provide facilities for perishable commodities. A) Bonded. B) Cold storage. C) Government. D) None of the above. Show Answer Correct Answer: B) Cold storage. 25. Which services from the below mentioned provides protection from risk? A) Banking. B) Transportation. C) Insurance. D) Postal and Telecom. Show Answer Correct Answer: C) Insurance. ← 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 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