Questions

M.C.Q (1 Marks)

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39 questions · timed · auto-graded

MCQ 11 Mark
DTH services are provided by________.
  • A
    Transport companies.
  • B
    Banks.
  • Cellular companies.
  • D
    None of the above.
Answer
Correct option: C.
Cellular companies.
Explanation:
DTH (Direct to Home) is again a satellite-based media services provided by cellular companies. One can receive media services directly through a satellite with the help of a small dish antenna and a set top box.
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MCQ 21 Mark
CWC stands for_______.
  • A
    Central Water Commission.
  • B
    Central Warehousing Commission.
  • Central Warehousing Corporation.
  • D
    Central Water Corporation.
Answer
Correct option: C.
Central Warehousing Corporation.
Explanation:
A Central Government undertaking CWC i.e., Central Warehousing Corporation provides these services for businessmen across the country. Private warehousing companies, like TCI, Shanker International, Blue Dart, DHL, etc., are providing cargo facilities of both transportation and warehousing.
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MCQ 31 Mark
Which of the following companies offer DTH services in our country?
  • A
    Reliance
  • B
    Idea
  • C
    Tata sky
  • All of the above.
Answer
Correct option: D.
All of the above.
All of the above.
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MCQ 41 Mark
Indian postal department's international money transfer services which enables customers to remit money to countries through a post office is in collaboration with:
  • A
    COX and kings financial services.
  • B
    State Bank of India.
  • Western union financial services.
  • D
    American express financial services.
Answer
Correct option: C.
Western union financial services.
Western union financial services.
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MCQ 51 Mark
Which of the following is not a function of insurance?
  • A
    Risk sharing.
  • B
    Assist in capital formation.
  • Lending of funds.
  • D
    None of the above.
Answer
Correct option: C.
Lending of funds.
Explanation:
Functions of insurance include providing certainty, protection, risk sharing and assisting in capital formation.
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MCQ 71 Mark
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.
  • A
    Savings account Store.
  • B
    Current account.
  • Recurring deposit account.
  • D
    Joint account.
Answer
Correct option: C.
Recurring deposit account.
Recurring deposit account.
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MCQ 81 Mark
Postal services are offered by both the department of post and telegraph and private sector. Postal services offered by private sector is known as:
  • A
    Speed post.
  • B
    Registered post.
  • Courier.
  • D
    Parcel.
Answer
Correct option: C.
Courier.
Courier.
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MCQ 91 Mark
A one way and affordable communication system for transmitting information to persons when they are on the move is known as:
  • A
    Cellular mobile services.
  • Radio paging services.
  • C
    Fixed line services.
  • D
    Cable services.
Answer
Correct option: B.
Radio paging services.
Radio paging services.
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MCQ 101 Mark
A electronic fund transfer system under which transfer of funds take place from one branch of bank to another branch on real time and on gross basis is known as:
  • A
    NEFT
  • B
    EFT
  • RTGS
  • D
    ATM
Answer
Correct option: C.
RTGS
RTGS.
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MCQ 111 Mark
VSAT stands for:
  • Very Small Aperture Terminal.
  • B
    Vidyut Supply and Transport.
  • C
    Very Small Application Terminal.
  • D
    Video Screening Aperture Terminal.
Answer
Correct option: A.
Very Small Aperture Terminal.
Very Small Aperture Terminal.
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MCQ 121 Mark
Sports insurance is not available for:
  • Professional Sportsmen.
  • B
    Non-professional Sportsmen.
  • C
    Rural Area Sportsmen.
  • D
    Urban Area Sportsmen.
Answer
Correct option: A.
Professional Sportsmen.
Professional Sportsmen.
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MCQ 131 Mark
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:
  • A
    Pay order
  • B
    RTGS
  • C
    bank draft
  • NEFT
Answer
Correct option: D.
NEFT
Explanation:
NEFT stands for National Electronic Funds Transfer. It is a countrywide system by which an individual, firm or company can electronically transfer funds from one bank branch to another individual, firm or company having an account with any other bank branch in the country.
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MCQ 141 Mark
When the loss is the result of two or more causes, which of the following terms refers to the direct cause of which the loss is the natural consequence?
  • A
    Subrogation.
  • Proximate.
  • C
    Mitigation Store.
  • D
    Indemnity.
Answer
Correct option: B.
Proximate.
Proximate.
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MCQ 151 Mark
The benefits of public warehousing includes_______.
  • A
    Control.
  • Flexibility.
  • C
    Dealer relationship.
  • D
    None of the above.
Answer
Correct option: B.
Flexibility.
Explanation:
The benefits of public warehousing include flexibility in the number of locations, no fixed cost and value added services like packaging and labelling.
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MCQ 161 Mark
The policy designed to provide relief to the family of insured women, in case of their death or disablement due to all kinds of accident/ disablement/ death arising out of problems incidental to women only, is:
  • Rajeshwari Mahila Kalyan Bima Yojana.
  • B
    Women's health Insurance.
  • C
    Rajshree Mahila Kalyan Bima Yojana.
  • D
    None of the above.
Answer
Correct option: A.
Rajeshwari Mahila Kalyan Bima Yojana.
Rajeshwari Mahila Kalyan Bima Yojana.
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MCQ 171 Mark
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?
  • A
    Ratio of premiums received.
  • B
    Ratio of duration of insurance.
  • Ratio of amount insured.
  • D
    Equal ratio.
Answer
Correct option: C.
Ratio of amount insured.
Explanation:
In case of insurance of a property by more than one insurer, the losses are to be shared between all the insurers in the ratio of the amount insured by each of them.
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MCQ 181 Mark
Who can get an overdraft from a bank?
  • A Current Account Holder.
  • B
    A Savings Account Holder.
  • C
    A Fixed Deposit Account Holder.
  • D
    A Recurring Deposit Account Holder.
Answer
Correct option: A.
A Current Account Holder.
A Current Account Holder.
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MCQ 191 Mark
If the cargo does not reach its destination due to damage or destruction in the transit, the shipping company is not paid freight charges. To overcome losses suffered by such circumstances shipping companies:
  • A
    Ship insurance.
  • B
    Hull insurance.
  • C
    Cargo insurance.
  • Freight insurance.
Answer
Correct option: D.
Freight insurance.
Freight insurance.
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MCQ 201 Mark
There are services which are experienced differently by different customers. These kind of services depend upon customers preferences and demands, and are known as:
  • Personal services.
  • B
    Social services.
  • C
    Business services.
  • D
    Financial services.
Answer
Correct option: A.
Personal services.
Personal services.
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MCQ 211 Mark
_______ is a temporary arrangement under which a depositor is allowed to draw by cheque more than the amount to his credit upto a specified limit.
  • A
    Cash credit.
  • B
    Term loan.
  • Bank overdraft.
  • D
    Consumer credit.
Answer
Correct option: C.
Bank overdraft.
Bank overdraft.
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MCQ 221 Mark
It is the duty of the insured to make an effort for minimization of loss. It is the principle of:
  • A
    Utmost Good Faith.
  • B
    Contribution.
  • Mitigation.
  • D
    Insurable Interest.
Answer
Correct option: C.
Mitigation.
Mitigation.
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MCQ 231 Mark
To which insurance, principle of indemnity is not applicable?
  • Life Insurance.
  • B
    Marine Insurance.
  • C
    Fire Insurance.
  • D
    All of the above.
Answer
Correct option: A.
Life Insurance.
Life Insurance.
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MCQ 241 Mark
Name the controlling authority of telecom services in India.
  • TRAI
  • B
    SEBI
  • C
    RBI
  • D
    IRDA
Answer
Correct option: A.
TRAI
TRAI
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MCQ 251 Mark
Satellite based entertainment media services provided by cellular companies over large areas, with the help of a set top box and a small dish antenna are known as:
  • A
    Cable services.
  • Direct to home.
  • C
    FM radio.
  • D
    None of these Answers.
Answer
Correct option: B.
Direct to home.
Direct to home.
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MCQ 261 Mark
Give full form of ATM.
  • A
    Automatic Tele Money.
  • B
    Any Time Money.
  • Automated Teller Machine.
  • D
    Automatic Transfer Money.
Answer
Correct option: C.
Automated Teller Machine.
Automated Teller Machine.
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MCQ 271 Mark
In which of the insurance policy loss cannot be measured?
  • Life Insurance.
  • B
    Marine Insurance.
  • C
    Fire Insurance.
  • D
    All of the above.
Answer
Correct option: A.
Life Insurance.
Life Insurance.
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MCQ 281 Mark
As per the basic principle of the fire insurance policy, it is the primary duty of the insured to take reasonable steps to prevent fire from occuring and to minimise the losses or damage to the insured property. It is the duty of the insured to behave with great prudence and not to be careless just because he has an insurance cover. This principle is known as the principle of:
  • A
    Indemnity.
  • B
    Proximate cause.
  • Subrogation.
  • D
    Mitigation.
Answer
Correct option: C.
Subrogation.
Subrogation.
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MCQ 291 Mark
A cheque which is deposited only to the payee's bank account is known as
  • A
    Bearers cheque.
  • B
    Demand draft.
  • Crossed cheque.
  • D
    None of these.
Answer
Correct option: C.
Crossed cheque.
Crossed cheque
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MCQ 301 Mark
Which of the following is not applicable in life insurance contract?
  • A
    Conditional contract.
  • B
    Unilateral contract.
  • Indemnity contract.
  • D
    None of the above.
Answer
Correct option: C.
Indemnity contract.
Explanation:
Life insurance contract is not a contract of indemnity as the life of a human being cannot be compensated and only a specified sum of money is paid.
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MCQ 311 Mark
Insurer must have some pecuniary interest in the subject matter of interest. It is the principle of:
  • A
    Mitigation.
  • B
    Contribution.
  • C
    Utmost Good Faith.
  • Insurable Interest.
Answer
Correct option: D.
Insurable Interest.
Insurable Interest.
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MCQ 321 Mark
Name the type of banking under which ATM, credit card and EFT facilities are available.
  • A
    Internet Banking.
  • E-banking.
  • C
    Modern Banking.
  • D
    Online Banking.
Answer
Correct option: B.
E-banking.
E-banking.
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MCQ 331 Mark
Which of the following is an example of e-banking?
  • A
    EFT
  • B
    Online banking
  • C
    ATM
  • All of the above.
Answer
Correct option: D.
All of the above.
All of the above.
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MCQ 341 Mark
A contract by which the insurer, in consideration of a certain amount known as premium, undertakes to pay to a person or his heirs a certain amount of money on his death or on attaining a certain age is known as:
  • A
    General insurance.
  • Life insurance.
  • C
    Special insurance.
  • D
    Burglary insurance.
Answer
Correct option: B.
Life insurance.
Life insurance.
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MCQ 351 Mark
In which type of insurance, interest must exist only at the time of insurance?
  • Life Insurance.
  • B
    Marine Insurance.
  • C
    Fire Insurance.
  • D
    All of the above.
Answer
Correct option: A.
Life Insurance.
Life Insurance.
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MCQ 361 Mark
State which of the following statements is false.
  • A
    Recurring deposit account is a time deposit account.
  • B
    Number of transactions every month is limited in savings bank account.
  • C
    A current account can be opened with an initial deposit of ₹ 5,000.
  • Fixed deposit account is demand deposit account.
Answer
Correct option: D.
Fixed deposit account is demand deposit account.
Fixed deposit account is demand deposit account.
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MCQ 371 Mark
Linkages and switched services aimed at providing one way entertainment services in a small area of operations is known as:
  • A
    Direct to home services.
  • Cable services.
  • C
    Radio paging services.
  • D
    VSAT.
Answer
Correct option: B.
Cable services.
Cable services.
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MCQ 381 Mark
A saving scheme run by post offices in India in which the invested money is doubled in eight years and seven months is:
  • Kisan Vikas Patra.
  • B
    National Savings Scheme.
  • C
    National Savings Certificate.
  • D
    Fixed Maturity Investment Scheme.
Answer
Correct option: A.
Kisan Vikas Patra.
Kisan Vikas Patra.
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MCQ 391 Mark
The amount deposited in a savings bank account of a person is an asset for the depositor, while on the other hand it is a liability for the bank. Based on its nature it can be classified as:
  • A
    Time liability.
  • Demand liability.
  • C
    Long-term liability.
  • D
    None of these.
Answer
Correct option: B.
Demand liability.
Explanation:
In case of money deposited into a savings bank account, bank is liable for repayment as and when demanded by the customer, therefore it is a demand liability of bank.
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M.C.Q (1 Marks) - Business Studies STD 11 Commerce Questions - Vidyadip