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Exploring Business Services Quiz

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Questions and Answers

What is the origin of the term 'Bank' according to the text?

Greek word 'Bankos' meaning 'money exchange'

German word 'Banken' meaning 'financial institution'

Latin word 'Banca' meaning 'money-lending'

French word 'Banco' meaning a 'bench' (correct)

According to the Indian Banking Regulation Act, 1949, what does a banking company do?

Only deals with deposits

Transacts the business of banking in India (correct)

Handles only foreign currency exchanges

Provides insurance services

What type of services does a bank provide, as mentioned in the text?

Travel and tourism services

Legal and consulting services

Financial and money-related services (correct)

Food and beverage services

Why did money-lenders display coins in big heaps or benches in earlier days?

For the purpose of lending or exchanging Signup and view all the answers

What does the Indian Banking Regulation Act, 1949 define as 'banking company'?

Any company transacting the business of banking in India Signup and view all the answers

How is a bank defined according to the text?

'Accepting for the purpose of lending or investment of deposits of money from public' Signup and view all the answers

What is the primary purpose of a manager's function of directing according to the text?

To guide and motivate subordinates for optimal performance Signup and view all the answers

Why is co-operation considered necessary in organizational activities according to the text?

To establish harmony among different functions Signup and view all the answers

What is the essence of organizational success according to the text?

Integration of different activities Signup and view all the answers

How does directing contribute to enhancing efficiency in an organization as per the text?

By building an effective work climate through motivation Signup and view all the answers

Why should a manager focus on proper techniques of supervision according to the text?

To guide and motivate subordinates for optimal performance Signup and view all the answers

What is the significance of co-ordination in achieving organizational goals according to the text?

It integrates different activities for achieving desired goals. Signup and view all the answers