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 - 5
Question 1:Â
In case of which card, a holder can spend money only upto the balance in his account?  Â
(a) Credit card
(b) Debit card
(c) Both (a) and (b)
(d) None of these
Correct Answer – (B)
Question 2:Â
Mobile wallets provide which kind of services to the society?  Â
(a) Sending and receivingmoney
(b) Making payments to merchants
(c) Online purchases
(d) All of the above
Correct Answer – (D)
Question 3:Â
Mr Kabir Khan desires to have two benefits from his bank account, first, to earn higher interest on balance and second, to face minimum risk of dishonouring a cheque. Which type of account should be opened by him in Indus Bank? Â
(a) Current account
(b) Saving account
(c) Multiple option account
(d) Recurring account
Correct Answer – (C)
Question 4:Â
The purpose of principle of _____________________ is to put the insured, in the event of loss, in the same position that he occupied immediately before the happening of the event. Â
(a) subrogation
(b) indemnity
(c) mitigation
(d) None of these
Correct Answer – (B)
Question 5:Â
Which of the following servicesprovides protection from risk?  Â
(a) Banking
(b) Transportation
(c) Insurance
(d) Postal and Telecom
Correct Answer – (C)
MCQ Questions Class 11 Business Services With Answers
Question 6:Â
A countrywide system through which person can electronically transfer from one bank branch to another person having an account with the other bank branch in the country is known as Â
(a) Pay order
(b) RTGS
(c) Bank draft
(d) NEFT
Correct Answer – (D)
Question 7:Â
If a person take fire insurance policy from 3 insurers. During loss due to fire he will get  Â
(a) loss amount compensation from all three separately
(b) loss amount, which will be contributed by all three
(c) policy amount from all insurers
(d) None of the above
Correct Answer – (B)
Question 8:Â
‘‘On the other hand, his mother ________________________ the money she saves.’’ Identify the type of bank account used by his mother.   Â
(a) Saving account
(b) Current account
(c) Recurring account
(d) None of these
Correct Answer – (A)
Question 9:Â
Customers are required to deposit a specified sum of money every month in his account in case of ……, which is also known as cumulative time deposit account. Â
(a) savings account
(b) current account
(c) recurring deposit account
(d) joint account
Correct Answer – (C)
Question 10:Â
Banks generally put certain restrictions on number of withdrawals from current account.  Â
(a) True
(b) False
(c) Can’t say
(d) Partially true
