Class 11 Business Services CBSE Questions & Answers

Class 11 · Business Services

This is Business Studies class 11 Business Services CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
A bank, which occupies a central position in the monetary and banking system of the country and has a superior financial authority, is
  • A
    Co-operative bank.
  • B
    Exchange Bank
  • C
    Commercial Bank
  • D
    Central Bank
    Correct
2
When money is deposited for a fixed period it s called
  • A
    current deposit
  • B
    Recurring deposit
  • C
    Fixed deposit
    Correct
  • D
    Savings deposit
3
bankers are called as manufacturers of
  • A
    loans
  • B
    deposits
  • C
    money
    Correct
  • D
    overdrafts
4
A cheque in circulation for more than six months is called
  • A
    Ordinary cheque
  • B
    Stale cheque
    Correct
  • C
    Post dated cheque
  • D
    crossed cheque
5
Banks are necessary for the effective implementation of _________policy.
  • A
    Saving Account
  • B
    Demat
  • C
    Current Account
  • D
    Monetary Policy
    Correct
6
Banks accept deposits and ___________ money.
  • A
    Reserve
  • B
    Lends
    Correct
  • C
    Distribute
  • D
    Fixed deposits
7
___________ banks are included in the second schedule of RBI.
  • A
    Corporation
  • B
    Scheduled
    Correct
  • C
    Commercial
  • D
    State
8
_____ arrangement by which a bank allows his customer to borrow money up to specified limit.
  • A
    Account Payee
  • B
    Pass Book
  • C
    Cash Credits
    Correct
  • D
    Cash Book
9
___________ cheque is payable to the person named in the cheque or his order.
  • A
    Discounted
  • B
    Self
  • C
    Dishonoured
  • D
    Order
    Correct
10
Addition of the words___________ directs the banker to collect the cheque and credit the proceeds to the payees account.
  • A
    Bank
  • B
    Customers
  • C
    Manager
  • D
    Account payee
    Correct
11
___________ means any thing written on the back of a negotiable instrument.
  • A
    Crossed Cheque
  • B
    Promissory note
  • C
    Endorsement
    Correct
  • D
    Draft
12
Insurance is based on the principle of ______________
  • A
    Increase sales
  • B
    Co-operation
    Correct
  • C
    Profit
  • D
    Income
13
Insurance is a contract between _________ and ________
  • A
    insured, insurance
  • B
    Insurer, insured
    Correct
  • C
    Insurer, family
  • D
    Agent, insurance
14
An insurance provides support after the death of the policy holder is called____
  • A
    Money back policy
  • B
    Wealth insurance
  • C
    Life insurance
    Correct
  • D
    Health insurance
15
Motor insurance had its beginning in the _____________
  • A
    India
  • B
    Japan
  • C
    United Kingdom
    Correct
  • D
    Pakistan