Question:
Explain the functions of e-banking.
Answer:
E-banking means banking transactions carried out with the help of computer systems (i.e., banking over the internet).
- Electronic Fund Transfer (EFT): Under this system, a bank transfers wages and salaries directly from the company's account to the account of employees of the company.
- Automatic Teller Machine (ATM): It refers to an electronic terminal that allows people with plastic card to perform simple banking transactions like withdrawal of cash 24 x 7 without any help of human teller.
- Debit Card: It refers to a plastic card that allows the bank to take money from the customer's account and transfer it to a seller's account.
- Credit Card: It refers to a plastic card that allows the customer to buy now and pay back the loaned amount to bank at a future date.
- Online Banking: Under this system, when the customer gives instruction on his computer, the bank computer transfers money from customer's account to biller's account.
Business Services
Q 1.
Explain the functions of commercial banks with an example of each.
Q 2.
What are different types of warehouses?
Q 3.
Explain different types of life insurance policies.
Q 4.
Write a short note on Indian insurance sector.
Q 5.
Explain the functions of e-banking.
Q 6.
What do you mean by mode of transport? Name different modes of transport.
Q 7.
Explain warehousing and its functions.
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.
Define services and goods.
Q 10.
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 11.
Explain briefly the principles of insurance with suitable examples.
Q 12.
Explain in detail the warehousing services.
Q 13.
What is e-banking? What are the advantages of e-banking?
Q 14.
Write short notes on different types of marine insurance.
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?
