Question:
What are different types of warehouses?
Answer:
Different types of warehouses are as follows:
- Public Warehouse: It is operated in accordance with the law for the purpose of storing goods for other people at profit. Sometimes a large amount of goods arrives in part when it is not convenient for the importer to take it into his custody. During such periods these goods have to be stored somewhere. Similarly, even in trade they have to be stored between the time they are made and the time they are required for use. A public warehouse provides facilities for storing all such goods. It thus renders many useful services to the trade. It enables smaller sellers to carry regional stocks. This factor is very important in competitive markets.
- Private Warehouse: This type of warehouse belongs to the owner of goods, usually a wholesaler, who stored his goods. This is in order to supply to retailers in future. Goods are produced in large quantities in anticipation of future demand and for the unknown customers. The ultimate wholesaler finds it necessary to purchases goods in advance in large bulk and to store them for future supply.
- Bonded Warehouses: It is one which is licensed to accept imported goods for storage before payment of customs duties. By storing his goods in a bonded warehouse the importer gains some control without paying the duty. The goods in bonded warehouses are under the strict supervision of customs officers and before the owner can interfere with them, previous permission is necessary.
- Government Warehouse: This type of warehouse is mainly located at the important sea ports and in most cases is owned by the Dock Authorities. The general public can also use this group of warehouse on payment of fixed charges. If a customer cannot pay the rent within the specified period or time, then the authority can recover the rent by disposing of the goods
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?
