Test: Business Services - 5


10 Questions MCQ Test Business Studies (BST) Class 11 | Test: Business Services - 5


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This mock test of Test: Business Services - 5 for Commerce helps you for every Commerce entrance exam. This contains 10 Multiple Choice Questions for Commerce Test: Business Services - 5 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Services - 5 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Business Services - 5 exercise for a better result in the exam. You can find other Test: Business Services - 5 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

In services activities of producers and consumption takes place simultaneously. Which characteristic of service does this statement signify?

Solution:

In Inseparability services are generated and consumed within the same time frame, hence the correct answer is Inseparability.

QUESTION: 2

Bankers cheque is also known as

Solution:

A Banker's chequealso known as pay order or bank cheque, is drawn on a bank and provided to a party who may or may not be a customer of that bank. Money is deposited beforehand, only then it can be issued

QUESTION: 3

Its main function is to control and coordinate currency and credit policies of our country. Identify the institution mentioned here.

Solution:
QUESTION: 4

IndusInd Bank comes under which category of banks?

Solution:
QUESTION: 5

A doctor can operate only on the condition that the patient is ready to take his service. Identify the feature of services mentioned here.

Solution:
QUESTION: 6

Which bank is known as Apex Bank of India?

Solution:
QUESTION: 7

Which one of the following is NOT the form of e- banking services offered by e-banking?

Solution:
QUESTION: 8

Which of the following has largest number of branches across India?

Solution:

India Post has the most widely distributed postal network in the world. The country has been divided into 23 postal circles, each circle headed by a Chief Postmaster General. India has 155,015 post offices across the country.

QUESTION: 9

This category of cheque is to be deposited only in the payees account.

Solution:

An Account Payee Cheque is a highly secured type of cheque as the amount can only be deposited in the account of the payee. The payee cannot endorse this cheque to anyone else.
To write an account payee cheque, you must cross two lines on the left corner of the cheque and write “Account Payee” between the two lines.

QUESTION: 10

Which of the following does not come under E-banking?

Solution:

Overdraft is a type of short-term loan available under current account, where a person can withdraw an amount of money which is higher than the available balance in the account. The excess money withdrawn will become an overdraft which has to be paid with interest.

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