CBSE Questions for Class 11 Commerce Business Studies Business Services Quiz 7 - MCQExams.com

_________ comprises of freight services together with supporting and auxiliary services by all modes of transportation.
  • Commerce
  • Transportation
  • Industrialization
  • Globalization
..........account is opened by the investor while registering with an investment broker.
  • Fixed Deposit Account
  • Savings Bank Account
  • Recurring Account
  • De-materialized Account
An outstanding bonds are also classified as _______________.
  • standing bonds
  • outdated bonds
  • dated bonds
  • seasoned bonds
An assessee has paid life insurance premium of Rs. 25, 000 during the previous year for a policy of Rs. 1, 00,He shall __________________________.
  • Not be allowed deduction u/s 80C
  • Be allowed Deduction u/s 80C to the extent of 20% of the capital sum assured i.e.Rs. 20, 000
  • Be allowed Deduction for the entire premium as per the provisions of section 80C
  • None of the above
RBI revised premature deposit rules of which type of accounts?
  • Kiddy accounts
  • Current accounts
  • Large value fixed deposit accounts
  • Dollar savings accounts
Transport Planning is a prediction of usage demand in future travel and to ensure all the necessary facilities and services to cater to that demand.
  • True
  • False
During transportation, which of the following is/are adversely affected than any other sector?
  • Textiles
  • Agricultural produces
  • Food
  • Furniture
When can the proper officer issue summons to call upon a person?
  • To give evidence
  • Produce a document
  • Produce any other thing in an enquiry
  • All of the above
Which of the following are ways to prove access rights?
  • What you know, like a password
  • What you have, like an ATM card
  • What you look like
  • All of the above
Select the proper option from the probable option given below and rewrite the complete statements:
In India, railways are owned and managed by _____.
  • Private companies
  • Government
  • Individuals
  • None of these
Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?
  • Fixed Deposit Account
  • Saving Bank Account
  • Current account
  • Recurring Account
The tax liability up to the date of transfer of business will be on _____________.
  • Transferor Only
  • Transferee Only
  • Jointly and Severally liable by both the transferor and transferee
  • Tax Liability Not transferrable
Rate of return which considers riskiness and an available returns on investments is classified as _______________.
  • constant dividend
  • constant rate
  • maximum rate of return
  • minimum acceptable rate of return
State, with reasons, whether the following statements are True and False.
Public deposit is good source for long term financing.
  • True
  • False
'Salvage Charges' is related to ________________.
  • Life Insurance
  • Marine Insurance
  • Fire Insurance
  • None of the above
Financial security issued by banks operating outside U.S is classified as ______________.
  • dollar bonds
  • euro deposits
  • Eurodollar market deposits
  • euro bonds
Retail employees typically use_________ terminals to process sales transactions.
  • sales processing
  • transaction point
  • automatic teller
  • point of sale
To which insurance contract, the principle of indemnity is not applicable?
  • Fire Insurance
  • Marine Insurance
  • Life Insurance
  • Health Insurance
Which of the following bank services allows you to withdraw money in excess of your account balance?
  • Bank draft
  • Overdraft
  • Banker's cheque
  • Fixed deposit
Under which of the following post, a receipt is given by the post office?
  • UPC
  • Speed Post
  • Parcel Post
  • Registered Post
Which of the following is not a principle of insurance?
  • Indemnity
  • Contribution
  • Cooperation
  • Mitigation
In ___________ type of insurance, the insurable interest must be present at the time of policy and the loss.
  • Marine Insurance
  • Life Insurance
  • Fire Insurance
  • None of these
In ______________ type of bank account no interest is paid by the bank on deposits.
  • Recurring deposit A/c
  • Fixed deposit A/c
  • Current A/c
  • Saving A/c
___________ principle is not applicable to Life Insurance.
  • Utmost Good Faith
  • Insurable Interest
  • Contribution
  • None of these
Which principle of insurance is violated, if the insured does not take steps to minimise the loss?
  • Contribution
  • Subrogation
  • Mitigation
  • Utmost Good Faith
Fire insurance contract includes the element of _____________.
  • Protection
  • Investment
  • Profit
  • Income
Which of the following banking services can be used by mohan, a trader in Indore, to send Rs 50000 to sohan, a trader in goa?
  • Cash Credit
  • Pay order
  • Overdraft
  • Bank Draft
The principle of insurance wherein the insured is not allowed to make any profit is called ____________.
  • Insurable interest
  • Proximate cause
  • Subrogation
  • Utmost good faith
Which of the following is not applicable in a Life Insurance contract?
  • Conditional Contract
  • Unilateral Contract
  • Indemnity Contract
  • None of these
What is/are function(s) of e-banking?
  • Automated Teller Machine (ATM)
  • National Electronic Fund Transfer (EFT)
  • Both the above
  • None of the above
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