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WorksheetsPublic, Private and Global and Business Services
Total questions: 40
Worksheet time: 21mins
__________ 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:
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.
Minimum amount for RTGS is:
25,000
2,00,000
50,000
1,00,000
Which service from the below mentioned provides protection from risk?
Banking
Transportation
Insurance
Postal and Telecom
Which of the following is also known as contract of Assurance?
Fire Insurance
Marine Insurance
Life Insurance
Health Insurance
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 can never dishonoured?
(a) Bank draft
(b) Cheque
Both (a) and (b)
None of these
Insured and Insurer must disclose material facts to each other. This is related to
Principle of indemnity
Principle of causa proxima
Principle of utmost good faith
Principle of insurable interest
The insured get loss amount or the policy amount, whichever is less. This is related to
Principle of utmost good faith
Principle of causa proxima
Principle of indemnity
Principle of contribution
If a person take fire insurance policy from 3 insurers. During loss due to fire he will get
Loss amount compensation from all three separately
Loss amount, which will be contributed by all three
Policy amount from all insurance
None of the above
Principle of indemnity is not applicable on
Marine insurance
Fire insurance
Life insurance
None of the above
After paying the full compensation the insurer enter into the shoe of insured. This is related to
Principle of indemnity
Principle of subrogation
Principle of contribution
Principle of utmost good faith
It is a type of saving bank account in which excess of a particular limit gets automatically transferred to fixed deposit account.
Current deposits account
Recurring deposits
Multiple option deposit account
None of these
SAIL is example of _________ .
Government Company
Statutory Corporation
Departmental Undertakings.
None of the above
These are those enterprises in which at least__paid up share capital is held by central and / or state government, jointly or individually.
31%
21%
51%
75%
______ are not allowed to use their own revenue freely
Statutory Corporation
Departmental Undertakings
Government Compani
A and B
_________ refers to shifting of responsibility on the shoulders of others.
Green Tapism
Red Tapism
Nepotism
Nenotism
There is high degree of Nepotism in __________.
Government Company
Statutory Corporation
Departmental Undertakings
All of the above
LIC is an example of _______
Statutory Corporation
Departmental Undertakings
Government Compnay
A and B both
The funding of _____ directly comes from government treasury.
Statutory Corporation
Departmental Undertakings
Government Company
All of the above
___________ has its own examination boards.
Departmental Undertakings
Statutory Corporation
Government Company
Both A and B
Which of the following statement is false about departmental undertaking?
All the employees are government employees.
It is financed by the Government Budget.
The employees are accountable to the concerned Minister.
The employees have full autonomy in their working.
Identify the type of Public Sector Enterprise mocked above.
Departmental Undertaking
Statutory Corporation
Government Company
Private Company
In case of Government Company in India, shares are bought in the name of:
Prime Minister
Managing Director of the Company
President of India
Chairman Executive
Match the correct items of Column (A) with the items of Column (B).
(i) - (a), (ii) - (b), (iii) - (c)
(i) - (c), (ii) - (a), (iii) - (b)
(i) - (a), (ii) - (c), (iii) - (b)
(i) - (b), (ii) - (a), (iii) - (c)
Assertion (A) : Departmental Undertaking is most suitable when national security is concerned.
Reason (R) : Departmental Undertaking is established under a special act of the Parliament.
Both Assertion (A) and Reason (R) are true and R is the correct explanation of A.
Both Assertion (A) and Reason (R) are true and R is not the correct explanation of A.
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
In which form of Public Sector Enterprise, a private individual can also become a shareholder?
Government Company
Public Corporation
Departmental Undertaking
None of these
Which of the following is not a true statement about a Government Company?
It has a separate legal entity.
It is free from budgetary, accounting and audit procedures.
Government is the major shareholder.
It is wholly owned by the government.
In a survey conducted by Government of India, it was found that many farmers of the country are unable to secure loan for their agricultural needs. Keeping this in mind, the Government decided to form a Public Enterprise under a special act of Parliament, which will have financial and operational autonomy. Which type of Public Enterprise would you suggest to the government?
Statutory Corporation
Departmental Undertaking
Government Company
All of these
Under which policy the role of Public Sector was more dominant?
Industrial Policy 1991
Industrial Policy 1948
Industrial Policy 1952
Industrial Policy 1993
Assertion (A) : Statutory Corporation is usually independently financed.
Reason (R) : The revenue earned by the Statutory Corporation is a source of income for the Government as it directly goes to the treasury.
Both Assertion (A) and Reason (R) are true and R is the correct explanation of A.
Both Assertion (A) and Reason (R) are true and R is not the correct explanation of A.
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Which one of the following is not a Public Sector Undertaking?
Which of the following Public Sector Enterprise is fully accountable to the public and the concerned ministry?
Partnership
Government Company
Public Corporation
Departmental Undertaking
Out of the following which Public Sector Enterprise does not have a separate legal entity?
Statutory Corporation
Departmental Undertaking
Government Company
All of these
Choose the correct pair.
Departmental Undertaking - Managed by BOD
Statutory Corporation - Managed by Ministry
Government Company - Managed by the government
None of these
Match the following correct items.
(i) - (a), (ii) - (c), (iii) - (b)
(i) - (b), (ii) - (c), (iii) - (a)
(i) - (a), (ii) - (b), (iii) - (c)
(i) - (c), (ii) - (a), (iii) - (b)
State Government purchase shares on the name of (a) .
