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?

    <p>For the purpose of lending or exchanging (B)</p> Signup and view all the answers

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

    <p>Any company transacting the business of banking in India (B)</p> Signup and view all the answers

    How is a bank defined according to the text?

    <p>'Accepting for the purpose of lending or investment of deposits of money from public' (A)</p> Signup and view all the answers

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

    <p>To guide and motivate subordinates for optimal performance (D)</p> Signup and view all the answers

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

    <p>To establish harmony among different functions (D)</p> Signup and view all the answers

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

    <p>Integration of different activities (D)</p> Signup and view all the answers

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

    <p>By building an effective work climate through motivation (C)</p> Signup and view all the answers

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

    <p>To guide and motivate subordinates for optimal performance (C)</p> Signup and view all the answers

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

    <p>It integrates different activities for achieving desired goals. (A)</p> Signup and view all the answers

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