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WorksheetsBUSINESS SERVICES
Total questions: 25
Worksheet time: 25mins
__________ are intangible in nature; they are neither manufactured, transported nor stocked.
Management
Services
Business
Entrepreneurship
A service can be experienced by
Inseparability:
Intangibility:
Inconsistency:
Perishability:
(RBI) Full form
Central bank of India
Reserve Bank of India
Commercial banks India
The __________ banks play an important role in economic and social development of a country.
Conserve
Cooperative
commercial
Crossed Cheques are to be deposited only in the payees account.
True
False
The bank which controls and coordinates currency and credit policy of India is (a)
The commercial banks of India are governed by (a)
The banking services provided through internet is called
a)C – banking
b) Exchange banking
c)E – banking
d) Wide banking
Name the document
(a)
E-banking provides communication services through internet .
True
False
Load on branches of the banks can be reduced by e-banking .
True
False
Life insurance is not based on the principle of indemnity.
True
False
Principle of Utmost Good Faith is not applicable in Life Insurance.
True
False
Ship, cargo and freight are important elements of Fire Insurance.
True
False
Fire insurance is a contract of indemnity.
True
False
Principles of insurance means that the parties to an insurance contract must be truthful in the declaration they make.
True
False
Fire insurance policy usually does not exceed -------- year .
(a)
The principle of insurance that requires full and accurate disclosure of facts and other important information is called (a) .
The principle of insurance that gives right to an insurer to stand in place of the insured after settlement is called (a) .
The type of insurance that gives protection of the life to a person is called (a) .
Written contract between the insured and the insurer is known as (a)
Commercial Banks provide the facility of fund transfer from one place to another, on account of inter-connectivity of branches. Such facility is called as:
a) Acceptance of deposits
b) Allied services
c) Lending of funds
d) Remittance of funds
If a person has insured for Rs 4, 00,000. A fire broke out and the actual amount of loss amounted to Rs 2, 50,000. How much amount can he claim:
I. 4,00,000.
II. 2,00,000
III. 2,50,000
IV. None of the above
Proximate cause means :
I. Natural causes.
II. Human causes
III. Economic causes
IV. Losses which are caused by perils stated in the policy.
This principles states that it is the duty of the insured to take reasonable steps to minimise the loss or damage to the insured property. Name the principle.
(a)
