Business Services
Commerce ⇒ Business Studies
Business Services starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define business services and explain their importance in modern business.
Explain the concept of 'ATM' in banking services.
Explain the concept of 'bonded warehouse'.
Explain the difference between life insurance and general insurance.
Explain the role of transport in business services.
Explain the term 'e-banking' and mention two of its advantages.
Explain the term 'premium' in the context of insurance.
Explain the term 'public warehouse' and its advantages.
Which of the following is a primary function of commercial banks? (1) Accepting deposits (2) Issuing insurance policies (3) Providing warehousing (4) Transporting goods
Which of the following is a type of transport service? (1) Roadways (2) Banking (3) Insurance (4) Warehousing
Which of the following is an example of a communication service? (1) Banking (2) Postal service (3) Insurance (4) Warehousing
Which of the following is NOT a benefit of e-banking? (1) 24x7 availability (2) Immediate cash withdrawal (3) Physical presence required (4) Fund transfer
Fill in the blank: The __________ is the document issued by the insurer as evidence of the contract of insurance.
Fill in the blank: The __________ is the person or company that provides insurance coverage.
Fill in the blank: The __________ is the person who receives the amount of insurance in case of the death of the insured.
Fill in the blank: The __________ is the person who receives the goods in a marine insurance contract.
State whether the following statement is true or false: 'Banking services are an example of business services.'
State whether the following statement is true or false: 'Business services are essential for the smooth functioning of trade and industry.'
State whether the following statement is true or false: 'Insurance helps in mobilizing savings.'
State whether the following statement is true or false: 'Life insurance is a contract between the insurer and the insured for a specified period.'
