Chapter 2 - Business Services Organisation Of Commerce Management Solutions for Class 12 Commerce Business studies

Chapter 2 - Business Services

Organisation Of Commerce Management Solutions for Class 12 Commerce Business studies

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OBJECTIVE TYPE QUESTIONS.

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Distinguish between the following:

Current account & Savings account

Savings account & Fixed account

Current account & Recurring deposit account

Cheque & Bank Overdraft

Loan & Overdraft

Commercial bank & Central bank

Life insurance & Fire insurance

Fire Insurance & Marine Insurance

Road transport & Rail transport

Rail Transport & Air Transport

Road transport & Water transport

Bonded Warehouse & Duty Paid Warehouses

 

Write Short Notes on the following:

Nature of business services

Types of business services

Types of banks

Primary functions of commercial banks

Agency functions of commercial banks

Utility functions of commercial banks

E-banking

Types of life insurance policies

Types of fire insurance policies

Types of marine insurance policies

Functions of warehousing

Types of warehouses

Mail services of the post offices

Specialised mail services of post offices

Money remittance services of post offices

Retail services of post offices

Telecom services

Functions of warehouses

Role of transport

Road transport

Rail transport

Air transport

Water transport

Other modes of transport

 

State with Reasons whether the following statements are TRUE or FALSE:

1. Central bank (RBI) cannot accept deposits from the public.

2. Overdraft facility is given to saving account holders.

3. Current account is suitable for salaried people.

4. Cash can be withdrawn from an ATM at any time.

5. The principle of indemnity applies to life insurance.

6. Insured must have an insurable interest in the subject matter at the time of taking the policy.

7. An individual must always tries to minimise the loss by fire as far as possible.

8. Duty paid warehouses help to provide storage for perishable commodities.

9. Private warehouses are used only by its owners.

10. Post offices provide money remittance services.

11. E  –payment facility is not available to the general public.

12. Air transport is suitable for short distances.

13. Transport helps in raising the standard of living.

14. Water transport is the costliest means of transport available.

15. Rail transport provides door to door services.

Answer the following questions in short:

State the nature of business services.

What are the different types of banks?

State the primary functions of banks.

What are the agency functions of banks?

State the utility functions of commercial banks.

What is e-banking?

Write on different types of life insurance policies.

State the different types of fire insurance policies.

What are the different types of marine insurance policies?

State the functions of warehousing.

State the main services of the post offices.

What do you mean by specialised mail services of post offices?

State the telecom services as a means of communication.

What are the functions of a warehousing?

Discuss the role of transport.

 

Answer the following questions:

Define bank. Explain different types of banks.

What is a commercial bank? Explain its primary functions.

Describe the secondary functions of commercial banks.

Define insurance. Explain the various principles of insurance.

What is warehousing? Explain different types of warehouses.

Describe mail services & specialised mail services of the postal department.

Explain the functions of warehousing.

Describe the role of transport in modern times.