Business Studies

Business Services

Question:

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

Answer:

There are many types of insurance. Some of them are shown with the help of diagram given below:
ncert-solutions-for-class-11-business-studies-business-services-1
ncert-solutions-for-class-11-business-studies-business-services-2
ncert-solutions-for-class-11-business-studies-business-services-3

 

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Business Services

Q 1.

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

Q 2.

Explain the functions of e-banking.

Q 3.

Explain different types of life insurance policies.

Q 4.

What are different types of warehouses?

Q 5.

Write a short note on Indian insurance sector.

Q 6.

Explain warehousing and its functions.

Q 7.

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

Q 8.

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?

Q 9.

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

Q 10.

Define services and goods.

Q 11.

Explain briefly the principles of insurance with suitable examples.

Q 12.

Explain in detail the warehousing services.

Q 13.

Write short notes on different types of marine insurance.

Q 14.

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

Q 15.

What are services? Explain their distinct characteristics.

Q 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".

Q 17.

Write a short note on GATS.

Q 18.

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

Q 19.

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?

Q 20.

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

Q 21.

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

Q 22.

What is the difference between goods and services?

Q 23.

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

Q 24.

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