Class 11 Business MCQ 3

A partner whose association with the firm is unknown to the general public is called

• Active Partner

• Sleeping Partner

• Nominal Partner

• Secret Partner

In a Co-operative society, the principle followed is

• One share one vote

• One man one vote

• No vote

• Multiple votes

Electronic Fund Transfer by banks can be done in which of the following ways:

• ATM, POS

• NEFT, RTGS

• EDI, CC

• None of these

You want to invest a particular sum of money for a particular time period. Which is the type of account you would choose for this purpose.

• Current Deposit Account

• Savings Deposit Account

• Fixed Deposit Account

• Recurring Deposit Account

The function of Commercial banks includes

• Accepting Deposits

• Granting Loans

• Supplying trade information to customers

• All the above

The funding of which of the following enterprise comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid it into the treasury?

• Departmental Undertaking

• Government Company

• Statutory Corporation

• Cooperatives Society

An account which fetches the lowest amount of interest rate is a

• Fixed Deposit Account

• Savings Deposit Account

• Multiple option Deposit Account

• Recurring Deposit Account

Shantaram owns many grocery shops in Gujarat. Due to his illiteracy, he has no knowledge of banking services. His daily business routine includes multiple transactions involving money. Which type of account is the most suitable for him?

• Savings Account

• Current Account

• Fixed Deposit Account

• Recurring Deposit

Smita owns a spa named Zen. Her spa is very famous among celebrities because she offers various kinds of aroma therapies. It is a profit-making business. What type of service is provided here?

• Business service

• Social service

• Personal service

• Entrepreneurial service

Bhavesh is a broker. He refrains from dealing in cash due to the threat of the Income Tax authorities. He quickly wanted to transfer Rs 2,15,000 to Suresh Shah. Which e-banking facility should he use?

• e-Cash transfer

• National Electronic Fund Transfer

• Real-time Gross Settlement

• None of these