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Worksheets

BUSINESS SERVICES

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Which service from the below mentioned provides protection from risk?

a)

Banking

b)

Transportation

c)

Insurance

d)

Postal and Telecom

2.

Minimum amount for RTGS is:

a)

25,000

b)

2,00,000

c)

50,000

d)

1,00,000

3.

Which of the following is also known as contract of Assurance?

a)

Fire Insurance

b)

Marine Insurance

c)

Life Insurance

d)

Health Insurance

4.

Which of the following is the full form of ATM?

a)

Automatic Take Money

b)

Any Time Money

c)

Automated Teller Machine

d)

None of these

5.

The person or firm who gets compensation is called:

a)

Insurer

b)

Insured

c)

Premium

d)

Happening of an event

6.

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

a)

Saving Account

b)

Current Account

c)

Recurring Account

d)

Fixed Deposit Account

7.

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

a)

Debit Card

b)

Credit Card

c)

Visa Card

d)

Master Card

8.

Which of the following can never dishonoured?

a)

(a) Bank draft

b)

(b) Cheque

c)

Both (a) and (b)

d)

None of these

9.

Which of the following service of Bank permits withdrawal of money more than the balance in the account?

a)

Bank draft

b)

Overdraft

c)

Banker's cheque

d)

Fixed deposit

10.

Insured and Insurer must disclose material facts to each other. This is related to

a)

Principle of indemnity

b)

Principle of causa proxima

c)

Principle of utmost good faith

d)

Principle of insurable interest

11.

The subject matter of life insurance is

a)

Human life

b)

Physical property

c)

Ship/Cargo

d)

None of the above

12.

Spending more than the balance in your account is possible in

a)

(a) Debit card

b)

(b) Credit card

c)

Both (a) and (b)

d)

None of the above

13.

There is no minimum transaction value is

a)

(a) NEFT

b)

(b) RTGS

c)

Both (a) and (b)

d)

None of the above

14.

The insured get loss amount or the policy amount, whichever is less. This is related to

a)

Principle of utmost good faith

b)

Principle of causa proxima

c)

Principle of indemnity

d)

Principle of contribution

15.

If a person take fire insurance policy from 3 insurers. During loss due to fire he will get

a)

Loss amount compensation from all three separately

b)

Loss amount, which will be contributed by all three

c)

Policy amount from all insurance

d)

None of the above

16.

After taking insurance also insured must take care of insured good as he/she was taking care before the insurance policy. This is related to

a)

Principle of utmost good faith

b)

Principle of causa proxima

c)

Principle of contribution

d)

Principle of mitigation of loss

17.

Principle of indemnity is not applicable on

a)

Marine insurance

b)

Fire insurance

c)

Life insurance

d)

None of the above

18.

After paying the full compensation the insurer enter into the shoe of insured. This is related to

a)

Principle of indemnity

b)

Principle of subrogation

c)

Principle of contribution

d)

Principle of utmost good faith

19.

Which of the following do not come under e-Banking?

a)

EFT

b)

ATM

c)

Debit Card

d)

Overdraft

20.

It is a type of saving bank account in which excess of a particular limit gets automatically transferred to fixed deposit account.

a)

Current deposits account

b)

Recurring deposits

c)

Multiple option deposit account

d)

None of these

21.

In fire insurance, the policy-holder need to have insurable interest in the goods only at the time of taking the policy.

a)

True

b)

False

22.

In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy.

a)

True

b)

False

23.

In fire and marine insurance, the insured event may or may not happen.

a)

True

b)

False

24.

A contract of insurance is a contract of indemnity in every case.

a)

True

b)

False

25.

The fee charged by the insurer on account of providing services is called_______________.

a)

Profit

b)

Dividend

c)

Premium

d)

Intallment