Business Services Question and Answers

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Full form of (RBI)

Correct! Wrong!

Explanation:
Reserve Bank of India is how RBI is officially referred to. The Reserve Bank (Transfer to Public Ownership) Act of 1948 created the RBI as the nation's central bank in 1935. The RBI is in charge of regulating the economy's currency supply, credit system, and fostering financial stability through the use of monetary policies.

Due to the impossibility of storing services, the production and consumption of services cannot be separated.

Correct! Wrong!

Explanation:
A business word called perishability describes how something's worth diminishes over time. Click here right now to find out more. Perishability is a property of goods and services that prevents the ability to store them for sale at a later time.

Foreign currency transactions are facilitated by the big commercial banks as well as the _________ banks.

Correct! Wrong!

Explanation:
Foreign exchange transactions are facilitated by exchange banks and large commercial banks.

_________ are immaterial in nature; they cannot be produced, shipped, or stored.

Correct! Wrong!

Explanation:
Due to the fact that a customer cannot touch, feel, or try before purchasing them, services and ideas are by nature intangible.

The _______ level of the Primary Credit Cooperative Society's work

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Explanation:
Work of the Primary Credit Cooperative Society at the Village Level

A service is accessible to?

Correct! Wrong!

Explanation:
Since you cannot see or touch a service, it is said that it is intangible. Since a service is created and provided immediately, it is more difficult to quantify than a tangible good. A direct comparison between restaurants and soaps provides an explanation for the intangibility of services.

An key factor in a nation's economic and social development is the _________ banks.

Correct! Wrong!

Explanation:
The growth of a nation's economy and social structure is significantly influenced by cooperative banks.

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