BUSINESS SERVICES

Which service from the below mentioned provides protection from risk?

• Banking

• Transportation

• Insurance

• Postal and Telecom

Minimum amount for RTGS is:

• 25,000

• 2,00,000

• 50,000

• 1,00,000

Which of the following is also known as contract of Assurance?

• Fire Insurance

• Marine Insurance

• Life Insurance

• Health Insurance

Which of the following is the full form of ATM?

• Automatic Take Money

• Any Time Money

• Automated Teller Machine

• None of these

The person or firm who gets compensation is called:

• Insurer

• Insured

• Premium

• Happening of an event

In which of the following account highest rate of interest is given:

• Saving Account

• Current Account

• Recurring Account

• Fixed Deposit Account

Which of the following card allow spending money only upto the balance in your account?

• Debit Card

• Credit Card

• Visa Card

• Master Card

Which of the following can never dishonoured?

• (a) Bank draft

• (b) Cheque

• Both (a) and (b)

• None of these

Which of the following service of Bank permits withdrawal of money more than the balance in the account?

• Bank draft

• Overdraft

• Banker's cheque

• Fixed deposit

Insured and Insurer must disclose material facts to each other. This is related to

• Principle of indemnity

• Principle of causa proxima

• Principle of utmost good faith

• Principle of insurable interest