Free Business Services 03 Practice Test - 11th Grade - Commerce 

Question 1

Service  ___ for future use. 

A.

cannot be stored

B.

can be partially stored

C.

can be stored a little  

D.

none of the above 

SOLUTION

Solution : A

Service can be cannot be stored for a future use. 

Question 2

State True or False. Crossed cheque provides a level of security to the payer than a bearer cheque. 

A.

False 

B.

True 

SOLUTION

Solution : B

True. Crossed cheque provides a level of security to the payer than a bearer cheque. 

Question 3

Mr. Pavan has two accounts one in Delhi and the other in Mumbai. The accounts are linked with the same bank. He wants to transfer funds from one branch to another. How is it possible? 

A.

cash 

B.

demand draft 

C.

account number 

D.

none of the above 

SOLUTION

Solution : B

Mr. Pavan has two accounts, one in Delhi and the other in Mumbai. The transfer of funds from one branch to another can be done with the help of demand draft. 

Question 4

Name the kind of service that the banks provide which include locker facilities, a collection of dividends, buying and selling of shares, bill of payments. 

A.

banking services 

B.

allied services 

C.

Remittance of funds

D.

None of the above 

SOLUTION

Solution : B

Allied services provided by the banks include locker facilities, a collection of dividends, buying and selling of shares, bill of payments. 

Question 5

 Private sector banks are owned, managed and controlled by the government. 

A.

Agree 

B.

Disagree

SOLUTION

Solution : B

Disagree.  Private sector banks are owned, managed and controlled by the private promoters and they are free to operate as per market forces. 

Question 6

Public sector banks are those in which the government has a major stake and they usually need to emphasise on ___________ objectives than on profitability.

A.

economical 

B.

social 

C.

political 

D.

none of the above 

SOLUTION

Solution : B

Public sector banks are those in which the government has a major stake and they usually need to emphasise on social objectives than on profitability.

Question 7

While filling the form the insured should be ___________ and ________________ in giving information to the insurance company. 

A.

untruthful, dishonest 

B.

truthful, honest 

C.

positive, dishonest

D.

negative, honest 

SOLUTION

Solution : B

While filling the form the insured should be truthful and honest in giving information to the insurance company. 

Question 8

Cargo does not cover any risk to the cargo. 

A.

True 

B.

False

SOLUTION

Solution : B

False. Cargo covers any risk to the cargo like theft of goods, loss of goods or on the voyage. 

Question 9

Agree or Disagree: If the cargo does not reach the destination due to some damage or loss in transit, then the shipping company receives the freight charges. 

A.

Agree

B.

Disagree

SOLUTION

Solution : B

Disagree. If the cargo does not reach the destination due to some damage or loss in transit, then the shipping company is not paid the freight charges. 

Question 10

Which of the following function shows that a warehouse receives and consolidates, materials /goods from different production plants and dispatches the same to a particular customer on a single transportation shipment. 

A.

Break the bulk 

B.

Consolidation 

C.

Stock pilling 

D.

Value added services 

SOLUTION

Solution : B

Consolidation function shows that a warehouse receives and consolidates, materials /goods from different production plants and dispatches the same to a particular customer on a single transportation shipment.