We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared according to the latest question paper pattern. Practicing these Business Services Class 11 Business Studies MCQs Questions with Answers really effective to improve your basics and learn all the key concepts.
Business Services Class 11 MCQs Questions with Answers
Objective Type Questions
Question 1.
It is necessary for e-business :
(a) Computer system
(b) Internet connection
(c) Trained staff
(d) All the above
Answer
Answer: (d) All the above
Question 2.
…… is plastic money :
(a) Banking transfer
(b) Cheque
(c) Digital cash
(d) Credit card
Answer
Answer: (d) Credit card
Question 3.
It is included in the public collection :
(a) Control
(b) Flexibility
(c) Both (a) and (b)
(d) None of these
Answer
Answer: (c) Both (a) and (b)
Question 4.
Risk in online transaction:
(a) Division of risk
(b) Duplicacy of Information
(c) Misuse of Information
(d) None of these.
Answer
Answer: (d) None of these.
Question 5.
Meaning of CWC is :
(a) Center water commission
(b) Central warehousing commission
(c) Central warehousing corporation
(d) Central water corporation.
Answer
Answer: (c) Central warehousing corporation
Question 6.
How many differences had been given between goods and services by the scholars:
(a) 4
(b) 5
(c) 6
(d) 12
Answer
Answer: (b) 5
Question 7.
Goods are stored in :
(a) Warehouses
(b) Keeping in open
(c) Buildings
(d) None of these
Answer
Answer: (a) Warehouses
Question 8.
Which is primary function of the Bank:
(a) Issue of credit letter
(b) Keeping valuables
(c) Accepting deposits
(d) Giving loan for Education.
Answer
Answer: (c) Accepting deposits
Question 9.
How many digits are there in PIN (Number):
(a) 4
(b) 6
(c) 5
(d) 7.
Answer
Answer: (b) 6
Question 10.
Best mean for making online payment
(a) Digital cash
(b) Credit or Debit card
(c) Cash on delivery
(d) Net-banking transfer
Answer
Answer: (b) Credit or Debit card
Question 11.
DTH services are provided by :
(a) Transport companies
(b) Bank
(c) Cellular companies
(d) None of these
Answer
Answer: (a) Transport companies
Question 12.
Which is not included in Insurance work.
(a) Division of risk
(b) Helpful in capital formation
(c) To give loan
(d) None of these.
Answer
Answer: (c) To give loan
Question 13.
In life Insurance contract which is not applicable :
(a) Conditional contract
(b) One prided contract
(c) Principle of compensation
(d) None of these.
Answer
Answer: (c) Principle of compensation
Question 14.
Which is not a service :
(a) Hair cutting
(b) Transport
(c) Book
(d) Recreation.
Answer
Answer: (c) Book
Question 15.
Which is biggest Retail Bank :
(a) SBI
(b) HDFC
(c) Post office
(d) ICICI.
Answer
Answer: (a) SBI
Question 16.
Import-Export Bank is :
(a) Commercial Bank
(b) Central Bank
(c) Cooperative Bank
(d) Special Bank
Answer
Answer: (d) Special Bank
Question 17.
Which Bank do not work in private sector:
(a) Lord Krishna Bank
(b) Global Trust Bank
(c) Development credit bank limited
(d) Canara Bank.
Answer
Answer: (d) Canara Bank.
Question 18.
Which is not characteristics of Private courier service :
(a) Fastest means of communication.
(b) Transports gold from one place to another
(c) They provide both National and International services
(d) They take responsibility of transferring goods and services at the proper time.
Answer
Answer: (b) Transports gold from one place to another
Fill in the blanks
1. ATM is a form of ….. banking.
Answer
Answer: Electronic
2. The bank which is concerned with import and export is called ………..
Answer
Answer: Exim bank
3. The main base of insurance is …………
Answer
Answer: Co-operation
4. In V.P.P. insurance, more than ……… Rs. is needed.
Answer
Answer: 500
5. The one line wireless system which receives information in written form and record, it is called ……..
Answer
Answer: Pazer
6. Commercial Bank accept ……. from public.
Answer
Answer: Deposit
7. …… is used to protect the goods.
Answer
Answer: Warehouse
8. Banking Act, constituted in India in ……..
Answer
Answer: 1949
9. E-mail service is based on computer system is a …….. communication system.
Answer
Answer: Store and forward
10. When all the work of bank is done by computer then it is called ……….
Answer
Answer: E-Banking
11. NABARD was established on ………
Answer
Answer: 1982
12. Postal department was established in India in …………
Answer
Answer: 1854
13. Pin code was implemented on ……… in India.
Answer
Answer: 15 August, 1972
14. Nationalisation of life insurance corporation was done in India in the year …….
Answer
Answer: 1996
15. ……. possess the right of issuing currency in India.
Answer
Answer: Central Bank
16. Reserve Bank is considered as a ……… of India.
Answer
Answer: Central Bank
17. In insurance two parties are agreed in contract for ………
Answer
Answer: Compensation contract
18. For preserving goods we used ……..
Answer
Answer: Storage.
True or False
1. Insurance is a valid consideration for contract.
Answer
Answer: True
2. Regional Development Bank started in 1948 in India.
Answer
Answer: False
3. By money order we can send maximum amount up to Rs 2000 to others.
Answer
Answer: False
4. In A.T.M. the messages are transferred in written form.
Answer
Answer: False
5. By fax we can send written messages.
Answer
Answer: True
6. World bank is a International Bank.
Answer
Answer: True
7. Fire insurance started in India in 1966.
Answer
Answer: True
8. Holding generate fluctuations in prices.
Answer
Answer: False.
9. R.B.I. arranged foreign money for International business.
Answer
Answer: False
10. To fill a form is necessary for postal order.
Answer
Answer: False
11. Foreign exchange communication Ltd is established in 1986.
Answer
Answer: True
12. Credit card provide the facility of bank overdraft.
Answer
Answer: True
13. Exchange of thoughts and information is called communication.
Answer
Answer: True
14. Smart card is not a part of E-banking.
Answer
Answer: False
15. In India first postal stamp issued in 1952.
Answer
Answer: True
Match the Columns
| (A) | (B) |
| 1. To provide Industrial loan | (a) Insurance |
| 2. Issue of currency | (b) Local Bank |
| 3. Landlord | (c) Industrial Bank |
| 4. Indemnity warranty | (d) Storage houseware house |
| 5. The cheapest mode of communication | (e) R.B.I. |
| 6. Source of sending amount | (f) Post card |
| 7. Source of sending photocopy | (g) Postal card |
| 8. Balance in Demand and supply | (h) Fax |
| 9. Banking Act | (i) Credit |
| 10. Credit card | (j) 1949 |
| 11. India’s biggest share market | (k) International telephone service |
| 12. I.S.D. | (l) Mumbai |
| 13. E-Banking | (m) Telephone |
| 14. Middlemen | (n) Internet |
| 15. Oral communication | (o) Merchant Banking |
Answer
Answer:
| (A) | (B) |
| 1. To provide Industrial loan | (c) Industrial Bank |
| 2. Issue of currency | (d) Storage houseware house |
| 3. Land lord | (b) Local Bank |
| 4. Indemnity warranty | (a) Insurance |
| 5. The cheapest mode of communication | (f) Post card |
| 6. Source of sending amount | (g) Postal card |
| 7. Source of sending photocopy | (h) Fax |
| 8. Balance in Demand and supply | (e) R.B.I. |
| 9. Banking Act | (j) 1949 |
| 10. Credit card | (i) Credit |
| 11. India’s biggest share market | (l) Mumbai |
| 12. I.S.D. | (k) International telephone service |
| 13. E-Banking | (n) Internet |
| 14. Middlemen | (o) Merchant Banking |
| 15. Oral communication | (m) Telephone |
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