B. New Electronic Fund Transaction

Class 11 Business Studies: Business Services — Chapter Test 1

Class 11 • Business Studies • Business Services • Chapter Test

MediumFREE

Questions

20 min

Duration

Marks (1 each)

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

• Read each question carefully and pick the correct answer.
• You can mark questions for review and come back to them.
• Answers are saved automatically.
• The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15

Banking is a:

manufacturing activity

business service

extractive industry

profession

View Correct Answer & Step-by-Step Solution

Correct Option:(B)business service

Detailed explanation is available inside the official test attempt review.

Question 2 of 15

A current account in a bank is mainly for:

students

businessmen with frequent transactions

savings only

fixed deposits

View Correct Answer & Step-by-Step Solution

Correct Option:(B)businessmen with frequent transactions

Detailed explanation is available inside the official test attempt review.

Question 3 of 15

A fixed deposit account:

allows unlimited withdrawal

keeps money for a fixed period at higher interest

has no interest

is for daily use

View Correct Answer & Step-by-Step Solution

Correct Option:(B)keeps money for a fixed period at higher interest

Detailed explanation is available inside the official test attempt review.

Question 4 of 15

E-banking includes:

only cheques

internet banking, mobile banking and ATMs

only cash

only loans

View Correct Answer & Step-by-Step Solution

Correct Option:(B)internet banking, mobile banking and ATMs

Detailed explanation is available inside the official test attempt review.

Question 5 of 15

NEFT stands for:

National Electronic Funds Transfer

New Electronic Fund Transaction

National E-Finance Trade

Net Exchange Funds Transfer

View Correct Answer & Step-by-Step Solution

Correct Option:(A)National Electronic Funds Transfer

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Business Studies: Business Services — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Business Services" of Class 11 Business Studies. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.