Business Services Test

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Business Services Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

____________ is the subject matter of a life insurance policy.

A
Human Life

B
Physical property

C
Ship

D
Cargo

Solution

Life Insurance is also known as "Life Assurance". The subject matter of a life insurance policy is human life. It provides risk coverage to the life of a person against death, injury and disability.
Question 2
1 / -0

Insurance Act came in to effect in _______.

A
1956

B
1972

C
1938

D
None of these

Solution

The Insurance Act, 1938 is a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the industry operates.
Question 3
1 / -0

A bank can open a branch only at the permission of the _______.

A
SBI

B
RBI

C
Government

D
None of these

Solution

Ans :-
Banks have to apply to RBI for set-up of new branches.
RBI has strict guidelines about the same keeping multiple factors in mind - type of bank, financial inclusion being done, location, density of banking needed etc
Question 4
1 / -0

Which of the following is not an advance given by a bank?

A
Loan

B
Overdraft

C
Deposit

D
Cash credit

Solution

Deposit is a money deposited by customer in bank for saving.
Question 5
1 / -0

In life insurance, the risk insured is __________________.

A
certain to occur and also the timing of its occurrence is known

B
certain to occur but its timing of occurrence is not known

C
not certain to occur and also the timing of its occurrence is not known

D
not likely to occur

Solution

Life insurance are taken to cover up the unforeseen and untimely event occurs during the life time. Life insurance companies provide the coverage of life of the insurer by taking an insurance premium. Life cover are taken to have future security in case of untimely and unforeseen circumstances.
Question 6
1 / -0

Which of the following external factors influences capital structure?
I. Level of interest rates
II. Level of stock prices
III. Dilution of value
IV. Tax policy on interest and dividends
Of these:

A
I and IV are correct

B
II and III are correct

C
I, II and IV are correct

D
All are correct

Solution

The capital structure of a company consists of debt and equity. When the interest rates increase, the company relies more on equity and when the interest rate decreases, the company will borrow more funds. When the share prices increase, the lending agencies are willing to give loans to the company and vice-versa. When tax rates are high the business will borrow more funds rather than raising equity capital.
Hence, option (C) is the correct answer.
Question 7
1 / -0

Which of the following statements is true or false?
a) Commercial banks can issue currency notes
b) Commercial banks sell and purchase securities on behalf of their customers

A
(a) is false, but (b) is true

B
Both (a) and (b) are true

C
Both (a) and (b) are false

D
(a) is true, but (b) is false

Solution

Only Reserve Bank of India has the right to issues currency notes in India.
Commercial banks sell and purchase securities, shares and debentures on behalf of their customers.
Question 8
1 / -0

Differential rate of interest scheme was introduced in India in ______.

A
1972

B
1975

C
1977

D
1980

Solution

Differential rate of interest scheme was implemented in all the commercial banks in India. Under this scheme, a few eligible people would get loans at concessional rates for their business. This scheme was intended to help people who are below poverty line and would help them to raise their standard of living.
Question 9
1 / -0

The Imperial Bank of India was renamed as State Bank of India in _______.

A
1947

B
1949

C
1950

D
1955

Solution

The Imperial Bank of India was established in 1921, being the oldest and the largest bank in India. the Imperial Bank of India carried out all the normal commercial bank's activities and until 1935, when central banking institution in India was not established, it also performed the activities of Central bank.
Question 10
1 / -0

Motives are influenced by________.

A
culture

B
socio-economic background

C
personality

D
all of the above

Solution

Motives are influence by :-
According to Oxford dictionary, a motive is a reason for doing something, Also Motivations can be defined as the arising force behind all the actions of an individual. The influence of an individuals needs and dervies both haved a strong impact on the direction of their behavior where are highly dependent on culture, socio, economucal, political, geographical, personality and other ambitious in life.
Ans : - $$(D)$$ All the above

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Re-Attempt Weekly Quiz Competition

Business Services Test - 8

Result

Business Services Test - 8

Score

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Rank

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SHARING IS CARING

Question 1

Human Life

Physical property

Ship

Cargo

Solution

Question 2

1956

1972

1938

None of these

Solution

Question 3

SBI

RBI

Government

None of these

Solution

Question 4

Loan

Overdraft

Deposit

Cash credit

Solution

Question 5

certain to occur and also the timing of its occurrence is known

certain to occur but its timing of occurrence is not known

not certain to occur and also the timing of its occurrence is not known

not likely to occur

Solution

Question 6

I and IV are correct

II and III are correct

I, II and IV are correct

All are correct

Solution

Question 7

(a) is false, but (b) is true

Both (a) and (b) are true

Both (a) and (b) are false

(a) is true, but (b) is false

Solution

Question 8

1972

1975

1977

1980

Solution

Question 9

1947

1949

1950

1955

Solution

Question 10

culture

socio-economic background

personality

all of the above

Solution

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