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Exam Name : Online exam on Business Studies

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Please read the instructions carefully

General Insteuctions
1. Total duration of the examination is 45 minutes.
2. The clock will be set at the server. The countdown timer in the top right corner of the screen will display the
remaining time available for you to complete the examination. When the timer reaches zero, the examination
will end by itself. You will not require ending or submitting your examination.
3. The Question Palette displayed on the right side of screen will show the status of each question using one of the
following symbols.

You have not visited the question yet.

You have not answered the question.

You have answered the question.

You have NOT answered the question, but have marked the question for review.

You have answered the question, but marked it for review.

4. The marked for the review status for a question simply indicates that you would like to look at that question
again. If a question is answered and marked for review, your answer for that question will be considered in he
evaluation.
5. You can click on the “>”arrow which appears to the left of the question palette to collapse the question palette
thereby maximizing the question window. To view the question palette again, you can click on “<” which
appears on the right side of question window.

Navigating to a question:
6. To answer a question, do the following
a. Click on the question number in the Question Palette at the right of your screen to go to that numbered
question directly. Note that using this option does NOT save your answer to the current question.
b. Click on Save and Next to save your answer for the current question and the go to the next question.
c. Click on Mark for Review and Next to save your answer for the current question, mark it for review , and
then go to the next question.

Answering a question
7. Procedure for answering a multiple choice type question:
a. To select your answer, click on the button of one of the options.
b. To deselect your chosen answer, click on the button of the chosen option again or click on the Clear
Response button.
c. To change your chosen answer, click on the button of another option.
d. To save your answer, you MUST click on the Save & Next button,
e. To mark the question for review, click Mark for Review & Next button if an answer is selected fir a
question that is marked for review, that answer will be considered in the evaluation.
8. To change your answer to a question that has already been answered, first select that question for answering
and then follow the procedure for answering that type of question.
 9. Not that ONLY questions for which answers are saved or marked for review after answering will be considered
for evaluation.
10. Each question carries 1 mark for correct answer.
11. Penalty for wrong answer.

THERE WILL BE PENALTY FOR WRONG ANSWERS MARKED BY THE CANDIDATE IN THE OBJECTIVE
QUESTION IN THE QUESTION PAPER, 25 OF THE MARKS ASSIGNED TO THAT QUESTION WILL BE
DEDUCTED AS PENALTY.

12. If the question is left blank, i.e., no answer is select by the candidate, there will be no penalty for that
question.

I have read and understood the instructions. All computer hardware are allotted to me is in proper working
condition. I declare that I am not in possession of not wearing not carrying any prohibited gadget like
mobile phone, Bluetooth devices etc. any prohibited material with me into the examination hall. I agree that
in case of adhering to the instructions, I shall be debarred from the test and or to take disciplinary actions,
which may include ban from future Tests/ Examinations.

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 Choose the appropriate answer
1. Commercial bank generally lend on a _________basis.

A. Short term B.Long Term

C. Both medium and long term D. None of these

2. The central bank of country is

A. State Bank of India B. Reserve Bank of India

C. Bank of India D. Indian Bank

3. 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 these

4. Insurable interest must be present both at the time of taking the policy and at the time of loss in the case of

A. Fire insurance B.Marine insurance

C. Life insurance D. All of the above

5. Time utility is created by

A. Transportation B. Warehousing

C. Banking` D. Communication

6. Insurance which is used to protect an employer from the dishonesty of an employee is called.

A. Health insurance B. Fidelity Insurance

C. Mediclaim insurance D. Hull insurance

7. DTH services are provided by

A. Transport companies B. Banks

C. Cellular companies D. Advertising firms

8. Which of the following is not applicable in life insurance

A. Conditional contract B. Unilateral contract

C. Indemnity contract D. None of the above

9. CWC stands for

A. Central Water Commission B. Central Warehousing Commission

 C. Central Warehousing Corporation. D. Central Water Corporation

10. Which Warehouse facilitates entrepot trade?

A. Public warehouse B. Bonded warehouse

C.Private warehouses C. Government warehouse

11. Name the type of account opened in a bank with an overdraft facility

A. Current account B. Saving bank account

C. Fixed deposit C. None of the above

12. Principles of indemnity does not apply to

A. Life insurance B. health insurance

C. fire insurance D. Marine insurance

13. Shibu, a textile dealer wants to know the non-insurable risk from the following. Can you help him to identify it?

A. Fire B. Theft

C. marine D.Change in fashion

14. Which of the following is not a principle of insurance?

A.assurance B.Insurable interest

C. Indemnity D. Causa proxima

15. ____ Principle states, the insurer step in the shoes of insured

A. Causa proxima B. Subrogation

C. Indemnity D. Utmost good faith

16. When the same subject matter is insured with more than one insurer, it is called___________

A. Assurance B. Reinsurance

C. Double insurance D. None of the above

17. These banks are governed by the provisions of state cooperative society Act. Which banks is this.

A. public sector bank B. private sector bank

C. cooperative bank D. specialized banks

18. _________ warehouses are licensed by the government to accept imported goods prior to payment of tax and
custom duty.

A.Govt warehouses B. Bonded Ware houses

 C. Public warehouses D. cooperative warehouses

19. Warehouses fully owned and managed by the government is called ________

A.Govt warehouses B. Bonded Ware houses

C. Public warehouses D. cooperative warehouses

20. Insuring goods on a ship against various risks at sea is called ___________insurance.

A.Ship insurance B.Cargo insurance

C. Freight insurance D.None of the above

21. Insuring a ship against many dangers at sea is known as _________insurance.

A.Ship insurance B.Cargo insurance

C. Freight insurance D.None of the above

22. This principle states that the insured must disclose all material facts about the subject matter to the insured, which
principle?

A. Causa proxima B. Subrogation

C. Indemnity D. Utmost good faith

23. Which type of bank is SBI

A. public sector bank B. private sector bank

C. cooperative bank D. foreign bank

24. HDFC bank is a ________type of bank

A. public sector bank B. private sector bank

C. cooperative bank D. foreign bank

25. Foreign exchange banks are _______ type of banks

A. public sector bank B. private sector bank

C. cooperative bank D. specialized banks

 ANSWERS

1 2 3 4 5
A B C A B
6 7 8 9 10
B C C C B
11 12 13 14 15
A A D A B
16 17 18 19 20
C C B A B
21 22 23 24 25
A D A B D