Free Business Services 03 Practice Test - 11th Grade - Commerce
Question 1
Service
cannot be stored
can be partially stored
can be stored a little
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.
False
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?
cash
demand draft
account number
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.
banking services
allied services
Remittance of funds
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.
Agree
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.
economical
social
political
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.
untruthful, dishonest
truthful, honest
positive, dishonest
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.
True
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.
Agree
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.
Break the bulk
Consolidation
Stock pilling
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.