B.Com Banking & Insurance Business Studies — practice questions
66 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice B.Com Banking & Insurance Business Studies in the app →You can seek advice from a doctor but cannot purchase him. This shows services are:A physical product that can be delivered, with ownership passing to the buyer, is a:Because different customers have different demands, services show:Production and consumption of a service happen at the same time, which is called:Services cannot be stored for future use, so they are:The participation of the customer in the delivery process is the feature of:Banking, insurance, transportation and warehousing used by firms are:Health care and education provided voluntarily by NGOs to reach social goals are:Tourism, recreation and restaurants, experienced differently by each customer, are:Which Act governs commercial banks in India?Banks in which the government holds a major stake are:Banks governed by the State Cooperative Societies Act, giving cheap credit to members, are:Foreign exchange banks, industrial banks and export-import banks are:Which bank supervises and regulates all commercial banks of India?Deposits that can be withdrawn at any time without prior notice are in a:Time deposits carrying a higher rate of interest than savings accounts are:A cheque that must be deposited only into the payee's account is a:Transferring funds between places using bank drafts, pay orders or mail transfers is:Banking done over the internet using a computer or mobile phone is:Electronic funds transfer can be done two ways: NEFT and:A benefit of e-banking for customers is service available:Insurance works by spreading the loss caused by an uncertain event over:A financial market links savers and investors, performing what is known as its:The process by which allocation of funds is done through banks or markets is called:Which is one of the four functions of a financial market?By making financial assets easy to buy and sell, markets provide:Financial markets are classified on the basis of the:Instruments with a maturity of less than one year are traded in the:The money market has:Which is a major participant in the money market?A Treasury bill is an instrument of short-term borrowing by the:Treasury bills are also known as:A 91-day Treasury bill of face value 1,00,000 bought for 96,000 earns the investor:The difference between the issue price of a treasury bill and its redemption value is called:Treasury bills are available for a minimum amount of:A short-term unsecured promissory note issued by large creditworthy companies is:Using funds raised through commercial paper to meet floatation costs of a bigger issue is called:Short-term finance repayable on demand, with maturity of one day to fifteen days, used between banks, is:The interest rate paid on call money loans is known as the:Unsecured, negotiable, short-term bearer instruments issued by commercial banks are:A bill of exchange used to finance credit sales, drawn by the seller and accepted by the buyer, becomes a:A trade bill accepted by a commercial bank is known as a:Facilities and institutional arrangements through which long-term funds are raised form the:The SENSEX, the benchmark index of the BSE, is made up of how many actively traded stocks?Anything that is acceptable as payment for goods and services is:Pebbles would fail as money because they are widely available. Money needs:A banana fails as money because it spoils. Money must have:Heavy gold bars are poor money because they are hard to carry. Money needs:Money must break into smaller parts so purchases of any size can be made. This is:When money makes buying and selling easier than barter, it is acting as a:When prices let buyers compare the worth of different goods, money is acting as a:Cash held in the form of coins and paper money is called:Money kept in checking accounts that can be taken out at any time forms:Deposits that pay interest but cannot be withdrawn on demand are:The measure of readily available money, made of currency plus demand deposits, is:The broader measure that adds time deposits and less accessible money is:Profit-oriented institutions that take deposits, lend and invest in securities are:Not-for-profit financial cooperatives owned by their members are:Depository institutions formed to encourage household saving and make home mortgage loans are:A bank cannot open without an operating licence known as a:Financial institutions standing between the suppliers and demanders of funds perform:Large pools of money set aside to pay retirement benefits later are:Buying and selling government bonds to speed up or slow the economy is called:The rule that member banks must keep part of their deposits in cash or at a district bank is the:The interest rate the central bank charges its member banks is the:The central bank's power to set consumer credit rules and margin requirements is called: