Bihar Board Class 12 (Commerce) Business Services — practice questions
65 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Bihar Board Class 12 (Commerce) Business Services in the app →How many basic features distinguish services from goods?Which feature means services cannot be touched?Which feature arises because each customer expects something different?Production and consumption happening together is which feature?Which of the five Is says a service cannot be held in stock for later use?Customer participation in service delivery is which feature?Goods are produced, whereas services are what?What is a good?Which involves transfer of ownership from seller to customer?Buying a service results in ownership of what?Services given voluntarily to meet social goals are which type?Tourism, recreation and restaurants are examples of which type of service?Enterprises look to which service for availability of funds?Into how many broad types are banks classified?Which banks provide cheap credit to their members?Export-import and development banks are which type of bank?Which bank supervises and regulates all commercial banks?Which is India's central bank?Which of these is a private sector bank?Public sector banks usually put what ahead of profit?How does a bank earn a margin of profit?Which is a price a bank charges for financial services?The written insurance contract is called what?What is the consideration paid by the assured called?The firm that insures the risk of loss is known as what?Insurance is the substitution of a small periodic payment for what?Insurance is primarily a form of what?What can insurance do about a risk event?Investing premium funds in income generating schemes helps in what?A contract of uberrimae fidei is based on what?Failure to disclose material facts makes an insurance contract what?Who has insurable interest without owning the property?Which principle puts the insured in the same position as before loss?To which insurance does the principle of indemnity not apply?Which principle looks at the most dominant cause of a loss?Which right lets the insurer stand in the insured's place after a claim?Besides early death, which risk does life insurance cover?Why is life insurance also seen as an investment?Into how many postal circles is India divided?Which is offered through post office savings schemes?Which mail facility provides security of transmitted articles?Which postal service lets firms advertise on postcards and envelopes?Which partner enables international money transfer through the post?VSAT is what kind of communication service?What does DTH stand for?Which of these is a public service?An empty airline seat after departure shows which feature?Every service delivery differs somewhat from the last. This is called what?What is often the key success factor in service provision?A bank accepts deposits and creates a demand deposit while doing what?Where did banking in its modern sense evolve in the 14th century?Who works for a bank on contract to increase its customer base?Which system lets banks hold liquid assets equal to only part of liabilities?When do banks issue new money?What happens to money when a loan principal is repaid?Banks borrow short and lend long. This is called what?How does insurance spread losses among many people?Which principle makes several insurers share one loss?Which purchase is generally not considered insurable?What is a definite loss in insurance?What is a building for storing goods called?In India a warehouse may be called what?Warehouses usually have loading docks accessible to which vehicles?Which goods need warehouse storage to mature?Why might a business use a warehouse before transport?