CBSE Class 11 Business Services Multiple Choice Questions with Answers. MCQ Questions Class 11 Business Services with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Business Services with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Business Services with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Services with Answers. You can also verify your answers from the provided MCQ Class 11 Business Services with Answers. So, ace up your preparation with MCQ of Class 11 Business Studies Examinations.
MCQ Questions Class 11 Business Services with Answers - Set - 2
Question 1:Â
_______________ is a temporary arrangement under which a depositor is allowed to draw by cheque more than the amount available to his credit upto a specified limit.Â
(a) Cash credit
(b) Term loan
(c) Bank overdraft
(d) Consumer credit
Correct Answer – (C)
Question 2:Â
………………..…… account is meant for people who wish to save a part of their income to safeguard the future and can interest on it.  Â
(a) Current account
(b) Savings account
(c) Recurring account
(d) Multiple option account
Correct Answer – (B)
Question 3:Â
In case of fire insurance policy, the insurer is liable to compensate for the loss only when the proximate cause of loss is fire. Â
(a) True
(b) False
(c) Can’t say
(d) Partially true
Correct Answer – (A)
Question 4:Â
Which of the following is a contract of Indemnity
(a) Marine Insurance
(b)Fire Insurance
(c) Life Insurance
(d) all the above
Correct Answer – (B)
Question 5:Â
What is the full form of WWW
(a) world wide width
(b) world wide work
(c) world wild web
(d) world wide web
Correct Answer – (D)
MCQ Questions Class 11 Business Services With Answers
Question 6:Â
When a property is insured by more than one insurance (i.e. in case of multiple insurance), the insurers are to share losses in what proportion? Â
(a) Ratio of premiums received
(b) Ratio of duration of insurance
(c) Ratio of amount insured
(d) Equal ratio
Correct Answer – (C)
Question 7:Â
Mobile banking refers to the process of carrying out banking transactions online.  Â
(a) True
(b) False
(c) Can’t say
(d) Partially true
Correct Answer – (B)
Question 8:Â
Which is the central Bank of India
(a) Central Bank
(b)State Bank of India
(c) Bank of India
(d) Reserve Bank of India
Correct Answer – (D)
Question 9:Â
Which is considered as the cheapest means of transportation
(a) Air
(b) Road
(c) Water
(d) Railway
Correct Answer – (C)
Question 10:Â
It is not a type of general insurance
(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance
