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Question
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | Road transport | 1 | Government owned |
| b. | Rail transport | 2 | Co-operative societies |
| c. | Air transport | 3 | Self employed |
| d. | Postal department | 4 | Owned by private companies |
| e. | Courier services | 5 | Door to door service |
| 6 | Owned by individuals | ||
| 7 | Costliest means of transport | ||
| 8 | Huge carrying capacity | ||
| 9 | Difficulty in transport | ||
| 10 | Cheapest means of transport |
Solution
| Group A | Group B | ||
| a. | Road transport | 5 | Door-to-door service |
| b. | Rail transport | 8 | Huge carrying capacity |
| c. | Air transport | 7 | Costliest means of transport |
| d. | Postal department | 1 | Government owned |
| e. | 4 | Owned by private companies |
a. Road transport offers door-to-door service—that is, passengers or goods are picked up from a certain location and
transported to the final destination. It is capable of reaching out to even those places where other modes of transport cannot
reach, for instance, hilly areas.
b. The carrying capacity of rail transport is huge. Rail transport helps in carrying heavy and costly goods conveniently and
safely, even to distant locations. It is a safe and secure means of transporting goods from one place to another.
c. Air transport is the costliest mode of transportation of goods and passengers, mainly because of its expensive fuel and high
operational costs. However, this mode is the most effective and time-saving, especially for long-distance transportation. It is
also effective during situations of natural calamities like earthquakes and floods.
d. The department comes under the Ministry of Communication and Information Technology and is administered by the
Government of India. The department offers financial services, mail services and direct post services.
e. Courier services are governed and owned by private companies. Under these services, goods and mails are transported
from one place to another. Courier companies ensure speedy and safe transmission of goods from one place to another. DHL,
FedEx and TNT are examples of courier companies.
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RELATED QUESTIONS
Distinguish between Water Transport and Air Transport
Principle of indemnity is not applicable to ______.
Select the proper option from the options given below and rewrite the completed sentence.
Door to door services is offered by ________.
Select the proper option from the options given below and rewrite the completed sentence.
The costliest means of transport is ________.
Select the proper option from the options given below and rewrite the completed sentence.
Road transport is suitable for ________ distance.
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | RBI | 1 | Recurring deposit account |
| b. | Overdraft | 2 | 12 hours service |
| c. | Saving account | 3 | Withdrawals after fixed period of time |
| d. | ATM | 4 | Central Bank |
| e. | Fixed deposit account |
5 | Current Account |
| 6 | Salaried people | ||
| 7 | 24 hours service | ||
| 8 | Commercial bank | ||
| 9 | Cash credit | ||
| 10 | Withdrawal before fixed period of time. |
Match the correct pairs :
| Group “A” | Group “B” | ||
| a. | Life Insurance | 1 | Claim made by insured |
| b. | Mitigation of loss | 2 | Perishable goods |
| c. | Premium | 3 | Insurable interest |
| d. | Cold storage | 4 | Maximum loss |
| e. | Warehousing | 5 | Transfer of goods from one place to other |
| 6 | To minimise the loss | ||
| 7 | Imported goods | ||
| 8 | Principle of indemnity | ||
| 9 | Storage of goods | ||
| 10 | Payment made by policy holder |
Write a word or phrase or a term which can substitute each one of the following:
The account suitable for salaried people.
Write a word or phrase or a term which can substitute the following:
Overdraft facility is given to a certain definite account holder.
Write a word or phrase or a term which can substitute the following:
An account holder enjoys the privileges of any number of withdrawals.
Write a word or phrase or a term which can substitute the following:
An account where fixed amount is kept for a specific period.
Write a word or phrase or a term which can substitute the following:
The policy under which cargo is insured for a specific period & voyage.
Write a word or phrase or a term which can substitute the following:
Means of transport carrying bulk and heavy goods for international trade.
Write Short Note on the following:
E-banking
Write Short Note on the following:
Types of marine insurance policies
Write Short Note on the following:
Road transport
State with Reasons whether the following statement is TRUE or FALSE.
Rail transport provides door to door services.
State with reasons whether the following statement is True or False.
Transport is useful in raising standard of living.
