business studies - business services

Class 11 - Business Studies

Business Services

MCQ
Q&A
Question:

Define services and goods.

Answer:

A good is a physical product which can be delivered to a buyer and involves the ownership from seller to customer. For example; mobile phone, book, purse etc. Services are those separately identifiable, essentially intangible activities which provide satisfaction of wants, and are not necessarily linked to the sale of a product or another service. For example, communication services, teaching services, legal services etc.



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Questions and Answers


Business Services - Questions
1.

What is e-banking? What are the advantages of e-banking?


Answer
2.

Explain briefly the principles of insurance with suitable examples.


Answer
3.

Explain warehousing and its functions.


Answer
4.

Describe various types of insurance and exercise the nature of risks protected by each type of insurance.


Answer
5.

What is the difference between goods and services?


Answer
6.

What do you mean by mode of transport? Name different modes of transport.


Answer
7.

Write a short note on Indian insurance sector.


Answer
8.

Manju obtained a life insurance policy of her husband. After 5 years, she divorced her husband. After one year of divorce, her husband died in a car accident. Can she claim the amount of policy from the insurance company?


Answer
9.

Anju has taken a loan from Avi against the security of his factory. Can Avi take a fire insurance policy of that factory?


Answer
10.

Write a note on various telecom services available for enhancing business.


Answer
11.

Explain the functions of commercial banks with an example of each.


Answer
12.

Write a detailed note on various facilities offered by Indian Postal Department.


Answer
13.

Write short notes on different types of marine insurance.


Answer
14.

What are different types of warehouses?


Answer
15.

Explain different types of life insurance policies.


Answer
16.

A person gets his stock of goods insured, but he hides the fact that the electricity board has issued him statutory warning letter to get his factory's wiring changed later on, the factory catches fire due to short circuit. Can he claim compensation? State the name of "Principle".


Answer
17.

A person took an insurance policy and did not disclose that he is a patient of cancer. Which value is missing in this case?


Answer
18.

There are three types of services: Business Services, Social Services and Personal Services. Which of the services in your opinion are of utmost importance and why?


Answer
19.

What are services? Explain their distinct characteristics.


Answer
20.

Explain the functions of e-banking.


Answer
21.

Write a short note on GATS.


Answer
22.

Define services and goods.


Answer
23.

What is the difference between life, fire and marine insurance?


Answer
24.

Explain in detail the warehousing services.


Answer
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