Free CBSE Business Studies Multiple Choice Questions for Class 11 along with answers, Chapter 4: Business Services. Business Studies MCQs for Class 11 chapter-wise with answers are prepared based on the current exam pattern. Students can tackle MCQs with answers to realise their spadework level.
1. Which of the following is not a function of insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Lending of funds
(d) None of the above
Answer: (b) Assist in capital formation
2. What is the full form of WWW?
(a) World Wide Width
(b) World Wide Work
(c) World Wild Web
(d) World Wide Web
Answer (d) World Wide Web
3. Which is the central Bank of India?
(a) Central Bank
(b) State Bank of India
(c) Bank of India
(d) Reserve Bank of India
Answer: (d) Reserve Bank of India
4. Which of the following is not applicable in a life insurance contract?
(a) Conditional contract
(b) Unilateral contract
(c) Indemnity contract
(d) None of the above
Answer: (c) Indemnity contract
5. CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation
Answer: (c) Central Warehousing Corporation
6. DTH services are provided by________.
(a) Transport companies
(b) Banks
(c) Cellular companies
(d) None of the above
Answer: (c) Cellular companies
7. The validity period of a demand draft is ______.
(a) One month
(b) Two Months
(c) Three months
(d) Six Months
Answer: (c) Three months
8. Which of the following is a contract of Indemnity?
(a) Marine Insurance
(b) Fire Insurance
(c) Life Insurance
(d) All of the above
Answer: (b) Fire Insurance
9. Which is considered the cheapest means of transportation?
(a) Air
(b) Road
(c) Water
(d) Railway
Answer: (c) Water
10. ______ is not a type of general insurance.
(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance
Answer: (d) Life Insurance
11. Time utility is created by _____.
(a) Transportation
(b) Banking
(c) Warehousing
(d) Communication
Answer: (a) Transportation
12. Which of the following is an allied postal service?
(a) Greeting post
(b) Media post
(c) Speed post
(d) Passport Application
Answer: (c) Speed post
13. The functions of commerce include _____.
(a) Acceptance of deposits
(b) Granting of loans
(c) Locker facility
(d) All of the above
Answer: (d) All of the above
14. The benefits of public warehousing includes_______.
(a) Control
(b) Flexibility
(c) Dealer relationship
(d) None of the above
Answer: (b) Flexibility
15. In which year Insurance Act was amended in India?
(a) 1940
(b) 1928
(c) 1938
(d) 1945
Answer: (c) 1938
We trust that the offered Business Studies MCQs for Class 11 with respect to Chapter 4: Business Services will help you. Assuming you have any questions with respect to CBSE Class 11 Business Studies Business Services MCQs, drop a remark underneath, and we will hit you up at the most punctual.
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