Goyal Brothers Prakashan solutions for Commercial Studies [English] Class 10 ICSE chapter 13 - Logistics and Insurance [Latest edition]

______ is the assumption of responsibility for the storage of goods.

The benefits of public warehousing includes ______.

These warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out.

These warehouses are meant for use by businessmen in general. Any businessman can store his goods in these warehouses for some charge.

Importers who do not have their own warehouses can keep their goods in these warehouses by paying nominal charges.

Large amount of capital is required for construction and maintenance of ______ warehouses.

Public warehouses may be owned by ______.

These warehouses are established under a bond with the customs authorities for storage of dutiable goods till the payment of imports duty.

These warehouses operate under the vigilance of customs officials.

______ is necessary for building up a buffer stock of foodgrains.

Warehousing helps ______.

Which of the following are the characterics of insurance?

In ______ insurance, insurable interest must exist both at the time of contract as well as at the time of loss.

Proof of age is required in case of insurance.

The concept of insured value is applicable only in case of ______ insurance.

Hull insurance is a type of ______ insurance.

Name the type of insurance which is not a contract of indemnity.

Name the type of insurance wherein insurable interest need not exist when the policy is taken.

Name the principle of insurance under which the insurer stands in place of the insured after settlement of claim in relation to the insured property.

"The insured must disclose all material facts and the insurer must make clear all the terms and condition in the insurance contract." Which principle of insurance is referred to in this statement?

"The insurer undertakes to put the insured, in the event of loss, in the same position that he occupied before the event." Which principle of insurance is referred to in this statement?

Which of the following is not a function of Insurance?

______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.

Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.

Uberimmae fidae, the principle of insurance means ______.

A ______ is an establishment for storage or accumulation of goods.

______ and ______ have their own warehouses which are used by the Government to keep buffer stock of foodgrains for public distribution system.

Private warehouses are generally located in ______ and ______ areas where space is available at low cost.

Which of the following are the importance of warehousing?

Explain the term 'logistics'.

Explain any two disadvantages of road transport over water transport.

Explain in brief three demerits of Water transport.

State two advantages of Road Transport over Air Transport.

State any two disadvantages of Rail Transport.

Give two advantages of Rail Transport over Road Transport.

Enumerate two types of warehouses found in India.

Mention any two documents use in warehousing.

Differentiate the warehouse warrant from the warehouse receipt.

Distinguish between a private warehouse and a public warehouse.

What is bonded warehouse?

State any two characteristics of an ideal warehouse.

Distinguish between Public Warehouses and Bonded Warehouses.

How do warehouses help in price stabilization?

What is insurable interest?

Briefly explain the term insurance.

What is meant by Non-Insurable Risk?

Give one example of Non-Insurable Risk.

Explain 'contribution' as a principle of insurance.

What do you understand by 'Health Insurance'?

Briefly explain the principle of Utmost good faith of insurance?

Write a short note on private warehouse.

What is Life Insurance?

Describe the need of transportation.

Compare the merits of road transport and railways.

Explain in brief two merits of Water transport.

Explain in brief three demerits of Water transport.

How is air transport superior to water transport?

Under what conditions is road transport suitable?

Explain the significance of transportation.

Describe the merits of rail transport.

State any two disadvantages of Rail Transport.

Explain in brief two merits of Water transport.

Explain in brief three demerits of Water transport.

Discuss the merits of air transport.

Discuss the demerits of air transport.

Describe the commodities for which air transport is most suitable.

Discuss the demerits of air transport.

Briefly explain any five factors a businessman should keep in mind while selecting a suitable mode of transport.

What is a warehouse?

Explain any five importance of Warehousing.

Explain any five importance of Warehousing.

Explain any five importance of Warehousing.

Give any three functions of Warehouses.

Explain any five importance of Warehousing.

Describe the different types of warehouses.

What is bonded warehouse?

Discuss the advantages of Bonded Warehouse to importers.

Distinguish between Principle of Indemnity and the Principle of Insurable Interest.

Mention any two documents use in warehousing.

State any two characteristics of an ideal warehouse.

What is bonded warehouse?

Discuss the advantages of Bonded Warehouse to importers.

Explain any five importance of Warehousing.

Give any three functions of Warehouses.

Describe the different types of warehouses.

Explain any five importance of Warehousing.

What is bonded warehouse?

Discuss the advantages of Bonded Warehouse to importers.

What is a warehouse?

Give any three functions of Warehouses.

State any two characteristics of an ideal warehouse.

Explain any five importance of Warehousing.

Distinguish between a private warehouse and a public warehouse.

Tabulate the three differences between warehouse warrant and warehouse receipt.

Explain any five importance of Warehousing.

Describe the different types of warehouses.

Explain the utility of cold storage.

What is meant by insurance?

Explain the principles of insurance.

"Insurance is a method of spreading risks." In the light of this statement, explain how does insurance help in minimising business risks.

"Insurance is a contract of indemnity." Explain.

"Principle of contribution is a corollary to the principle of indemnity." Comment.

What is insurable interest?

Distinguish between re-insurance and double insurance.

Discuss the advantages of insurance to businessmen.

Discuss the advantages of insurance to the public.

Briefly explain the principle of Utmost good faith of insurance?

What is insurable interest?

Is insurable interest necessary in all insurance contracts?

State any five advantages of Road Transport over Water Transport.

Explain the principles of insurance.

Explain the principles of insurance.

Explain the principles of insurance.

Discuss the advantages of insurance to the public.

Explain the principles of insurance.

What is Life Insurance?

Discuss the advantages of insurance to the public.

What do you understand by 'Health Insurance'?

Explain the importance of health insurance.

What is Fire Insurance?

Discuss the importance of fire insurance.

Explain the meaning of marine insurance.

Explain the importance of marine insurance.

Explain the principles of insurance.

Explain any five advantages of air transport over water transport.

Mention any three merits of Road transport.

State any five advantages of Road Transport over Water Transport.

Describe the merits of rail transport.

Explain in brief two merits of Water transport.

Describe the commodities for which air transport is most suitable.

Mention any two documents use in warehousing.

Distinguish between a private warehouse and a public warehouse.

Distinguish between Public Warehouses and Bonded Warehouses.

Distinguish between Principle of Indemnity and the Principle of Insurable Interest.

Explain the principles of insurance.

Differentiate the warehouse warrant from the warehouse receipt.

What is meant by Non-Insurable Risk?

Give one example of Non-Insurable Risk.

Name any eight types of insurance.

Define fire insurance.

Describe the procedure for taking a fire insurance policy.

Discuss the procedure of establishing a claim and its settlement in fire insurance.

Define Marine Insurance.

Describe the kinds of marine insurance.

Explain the procedure for taking a marine insurance policy.

Describe the procedure for establishing a claim and its settlement in marine insurance.

What do you understand by 'Health Insurance'?

Explain the importance of health insurance.

Define Life Insurance.

What is Life Insurance?

Distinguish between Insurance and Assurance.

Explain the procedure for taking a life insurance policy.

Describe the procedure for settling claims under life insurance.

Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.