BUSINESS STUDIES CLASS XI

Which service from the below mentioned provides protection from risk?

• Banking

• Transportation

• Insurance

• Postal & telegram

Minimum amount for RTGS is :

• 25,000

• 2,00,000

• 50,000

• 1,00,000

Which of the following is the correct full form of ATM?

• Automatic Take Machine

• Any Time Machine

• Automated Teller Machine

• None of these

The person or firm who gets compensation is called:

• Insurer

• Insured

• Premium

• Happening of an event

In which of the following account highest rate of interest is given :

• Saving account

• Current account

• Recurring account

• Fixed deposit account

Which of the following card allow spending money only upto the balance in your account?

• Debit card

• Credit card

• Visa card

• Master card

Which of the following services of bank permits withdrawal of money more than the balance in the account?

• Bank draft

• Overdraft

• Banker's cheque

• Fixed deposit

Customers are required to deposit a specific sum of money every month in his / her account which is also known as cumulative time deposit account

• Savings account

• Current account

• Recurring deposit account

• Joint account

A country wide 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

• Pay order

• RTGS

• Bank draft

• NEFT

The insured must take care of his goods & other things for which insurance is being taken as he was taking insurance policy. To which principle of insurance is this related?

• Principle of indemnity

• Principle of subrogation

• Principle of mitigation of loss

• Principle of causa proxima