Here you will find NCERT MCQ Questions for Class 11 Business Studies with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 11 Business Studies. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.
Q.1 In which year Insurance Act was amended in India?
(a) 1940
(b) 1928
(c) 1938
(d) 1945
(c) 1938
Q.2 Which of the following is not applicable in life insurance contracts?
(a) Indemnity contract
(b) Unilateral contracts
(c) Conditional Contracts
(d) None of the above
(a) Indemnity contract
Q.3 In which year Children’s Money Back plan was introduced?
(a) 1985
(b) 1988
(c) 1995
(d) 1989
(c) 1995
Q.4 CWC stands for_______.
(a) Central Water Commission
(b) Central Warehousing Commission
(c) Central Warehousing Corporation
(d) Central Water Corporation
(c) Central Warehousing Corporation
Q.5 Which of the following is not a function of insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Lending of funds
(d) None of the above
(b) Assist in capital formation
Q.6 DTH services are provided by________.
(a) Transport companies
(b) Banks
(c) Cellular companies
(d) None of the above
(c) Cellular companies
Q.7 It is a type of saving bank account in which excess of a particular limit gets automatically transferred to a fixed deposit account.
(a) Multiple deposit option account
(b) Current account
(c) Recurring deposit account
(d) Salary account
(a) Multiple deposit option account
Q.8 ______banks are included in the second schedule of RBI.
(a) Scheduled
(b) State
(c) Commercial
(d) Corporation
(a) Scheduled
Q.9 Bankers are not only dealers of money but also leaders in
(a) Industry development
(b) Service development
(c) Trade development
(d) Economic development
(d) Economic development
Q.10 In which year Crop Insurance scheme was introduced in India?
(a) 1978-79
(b) 1985-86
(c) 1948-49
(d) 1990-91
(b) 1985-86
Q.11 Which of the following is an allied postal service-
(a) Greeting post
(b) Media post
(c) Speed post
(d) Passport Application
(c) Speed post
Q.12 The functions of a commerce include
(a) acceptance of deposits
(b) granting of loans
(c) Locker facility
(d) all the above
(d) all the above
Q.13 From the following which of these is covered under Marine Insurance?
(a) Whole Life policy
(b) Liability Insurance
(c) Endowment policy
(d) Act only
(b) Liability Insurance
Q.14 The fee charged by the insurer on account of providing services is called
(a) Premium
(b) Profit
(c) Dividend
(d) Instalment
(a) Premium
Q.15 Which of the following is covered under the life Assurance policy?
(a) Money Back Policy
(b) Declaration policy
(c) Act only
(d) Cargo Insurance
(a) Money Back Policy
Q.16 The benefits of public warehousing includes_______.
(a) Control
(b) Flexibility
(c) Dealer relationship
(d) None of the above
(b) Flexibility
Q.17 It is not a type of general insurance
(a) Marine Insurance
(b) Fidelity Insurance
(c) Fire Insurance
(d) Life Insurance
(d) Life Insurance
Q.18 What is the full form of WWW
(a) world wide width
(b) world wide work
(c) world wild web
(d) world wide web
(d) world wide web
Q.19 Which is considered as the cheapest means of transportation
(a) Air
(b) Road
(c) Water
(d) Railway
(c) Water
Q.20 Which of the following is not a function of General Insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Cattle insurance
(d) None of the above
(c) Cattle insurance
Q.21 Which bank is known as Apex Bank of India?
(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Central Bank
(d) The Bank of India
(a) The Reserve Bank of India
Class 11 Business Studies MCQs Multiple Choice Questions with Answers
Chapter 1: Nature and Purpose of Business Class 11 MCQ Questions
Chapter 2: Forms of Business Organisation Class 11 MCQ Questions
Chapter 3: Private, Public and Global Enterprises Class 11 MCQ Questions
Chapter 4: Business Services Class 11 MCQ Questions
Chapter 5: Emerging Modes of Business Class 11 MCQ Questions
Chapter 6: Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions
Chapter 7: Formation of a Company Class 11 MCQ Questions
Chapter 8: Sources of Business Finance Class 11 MCQ Questions
Chapter 9: Small Business Class 11 MCQ Questions
Chapter 10: Internal Trade Class 11 MCQ Questions
Chapter 11: International Business 1 Class 11 MCQ Questions
Chapter 12: International Business 2 Class 11 MCQ Questions
Practicing NCERT Business Studies MCQs With Answers Pdf Class 11 is one of the best ways to prepare for the CBSE Class 11 board exam. There is no substitute for consistent practice whether one wants to understand a concept thoroughly or one wants to score better. If you have any queries regarding The CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.