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MCQs on Business Studies Class 11 Chapter 4 - Business Services

By Mohit Yadav Last updated : April 29, 2023

MCQs on Business Studies (CBSE) Class 11 (Chapter 4) Business Services. Practice these multiple-choice questions and answers with explanations to learn, revise, and enhance your skills in Class 11 (Chapter 4) Business Services. All these questions are prepared by experts based on the current NEP exam pattern.

List of Business Studies Class 11 Chapter 4 (Business Services) MCQs

1. In which of the following overdraft facilities is available?

1. Current deposit account
2. Saving account
3. Fixed Deposit
4. Any normal account

Answer: A) Current deposit account

Explanation:

In the Current deposit account overdraft facilities is available.

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2. Which is the largest commercial bank in India?

1. RBI
2. SBI
3. BOP
4. PNB

Answer: B) SBI

Explanation:

SBI is the largest commercial bank in India.

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3. Which company provides DTH services?

1. Cellular companies
2. Bank
3. Transport company
4. Postal companies

Answer: A) Cellular companies

Explanation:

Cellular companies provide DTH services.

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4. Under which category does IndusInd bank come?

1. Private sector
2. Public sector
3. Cooperative sector
4. None of the above

Answer: A) Private sector

Explanation:

Under Private sector bank.

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5. What do we get in life insurance?

1. Security
2. Investment
3. Option A & B
4. None of these

Answer: C) Option A & B

Explanation:

we get Security & Investment in life insurance.

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6. Banker cheque is also known as a?

1. Money draft
2. Pay order
3. Demand draft
4. None of these

Answer: B) Pay order

Explanation:

Banker's cheque is also known as a Pay order.

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7. Which of the following comes under E-banking?

1. Debit card
2. Automatic teller machine
3. Option A & B
4. None of these

Answer: B) Automatic teller machine

Explanation:

The automatic teller machine comes under E-banking.

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8. Which of the following is not an E-banking service?

1. Cheque
2. Atm
3. Electronic fund transfer
4. All of them

Answer: A) Cheque

Explanation:

Chequeis not an E-banking service

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9. Which bank is known as Apex Bank of India?

1. RBI
2. SBI
3. PNB
4. BOB

Answer: A) RBI

Explanation:

RBI is known as Apex Bank of India.

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10. Which one has the largest number of branches in India?

1. Postal office
2. SBi
3. Insurance company
4. None of them

Answer: A) Postal office

Explanation:

The postal office has the largest number of branches in India.

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11. Bankers are leaders of?

1. Economic development
2. Trade development
3. Service development
4. None of these

Answer: A) Economic development

Explanation:

Bankers are leaders of economic development.

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12. Full of CWC?

1. Central warehouse corporation
2. Central warehousing corporation
3. Central warehousing commission
4. None of them

Answer: A) Central warehouse corporation

Explanation:

Central Warehouse Corporation is the Full of CWC.

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13. What is the valid period of demand draft?

1. 1 day
2. 2 month
3. 3 month
4. 4 month

Answer: C) 3 month

Explanation:

3 months is the valid period for the demand draft.

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14. Who created time utility?

1. Banking
2. Transportation
3. Warehousing
4. None of these

Answer: C) Warehousing

Explanation:

Warehousing created time utility.

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15. Full form of WWW?

1. World wide wide
2. World wide web
3. World wild web
4. World wide width

Answer: B) World wide web

Explanation:

World wide web is the Full form of WWW.

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16. Which is the cheapest mode of transport?

1. Air
2. Water
3. Railway
4. Road

Answer: B) Water

Explanation:

Water is the cheapest mode of transport.

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17. Which bank is the Central Bank of India?

1. Central bank
2. Reserve Bank of India
3. State Bank of India
4. Bank of Baroda

Answer: B) Reserve Bank of India

Explanation:

Reserve Bank of India is the central bank of India.

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