Micheal Vaz solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 2 - Business Services [Latest edition]

Select the proper option from the options given below and rewrite the completed sentence.
Overdraft facility is given to ________.

Select the proper option from the options given below and rewrite the completed sentence.
The account suitable for creating a saving habit is ________.

Select the proper option from the options given below and rewrite the completed sentence.

There is no limit on the frequency of withdrawals from a ______.

Select the proper option from the options given below and rewrite the completed sentence.
Principle of utmost good faith is applicable to _________.

Principle of indemnity is not applicable to ______.

Select the proper option from the options given below and rewrite the completed sentence.
Insurable interest must exist in ________.

Select the proper option from the options given below and rewrite the completed sentence.
Bonded warehouses are located at ________.

Select the proper option from the options given below and rewrite the completed sentence.
Perishable goods are stored in ________.

Select the proper option from the options given below and rewrite the completed sentence.

Postal services are administered by ______.

Select the proper option from the options given below and rewrite the completed sentence.
In case of urgency and to avoid delays ________ is sent.

Select the proper option from the options given below and rewrite the completed sentence.
In India railways are owned and managed by ________.

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:

Match the correct pairs :

Match the correct pairs:

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:
A bank, which is known as banker's bank.

Write a word or phrase or a term which can substitute  the following:
The type of insurance where the principle of indemnity is not applicable

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:
The principle of insurance under which the insurer and the insured must show complete faith towards each other

Write a word or phrase or a term which can substitute the following:
A device through which calls and messages can be sent and received

Write a word or phrase or a term which can substitute the following:
An electronic letter through which the messages can be exchanged on the computer.

Write a word or phrase or a term which can substitute  the following:
A warehouse where the goods can be stored after the payment of import duty

Write a word or phrase or a term which can substitute the following:
The type of warehouse where perishable goods are stored.

Write a word or phrase or a term which can substitute  the following:
The costliest mode of transport.

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 a word or phrase or a term which can substitute the following:
Mode of transport which helps to get goods and passengers at their door.

Distinguish between the following:

Current account & Savings account

Distinguish between the following:
Savings account & Fixed account

Distinguish between the following:
Current account & Recurring deposit account

Distinguish between the following:
Cheque & Bank Overdraft

Distinguish between the following:
Loan & Overdraft

Distinguish between the following:
Commercial bank & Central bank

Distinguish between the following:

Life insurance and Fire insurance

Distinguish between the following:
Fire Insurance & Marine Insurance

Distinguish between the following:
Road transport & Rail transport

Distinguish between the following:
Rail Transport & Air Transport

Distinguish between the following:

Road transport and Water transport

Distinguish between the following:
Bonded Warehouse & Duty Paid Warehouses

Write Short Note on the following:
Nature of business services

Write Short Note on the following:
Types of business services

Write Short Note on the following:
Types of banks

Write Short Note on the following:
Primary functions of commercial banks

Write Short Note on the following:
Agency functions of commercial banks

Write Short Note on the following:
Utility functions of commercial banks

Write Short Note on the following:
E-banking

Write Short Note on the following:
Types of life insurance policies

Write Short Note on the following:
Types of fire insurance policies

Write Short Note on the following:
Types of marine insurance policies

Write Short Note on the following:
Functions of warehousing

Write Short Note on the following:
Types of warehouses

Write Short Note on the following:
Mail services of the post offices

Write Short Note on the following:
Specialised mail services of post offices

Write Short Note on the following:
Money remittance services of post offices

Write Short Note on the following:
Retail services of post offices

Write Short Note on the following:
Telecom services

Write Short Note on the following:
Functions of warehouses

Write Short Note on the following:
Role of transport

Write Short Note on the following:
Road transport

Write Short Note on the following:
Rail transport

Write Short Note on the following:
Air transport

Write Short Note on the following:
Water transport

Write Short Note on the following:
Other modes of transport

State with Reasons whether the following statement is TRUE or FALSE:

Central bank (RBI) connot accept deposit from the public.

State with Reasons whether the following statement is TRUE or FALSE.

Overdraft facility is given to saving account holders.

State with Reasons whether the following statement TRUE or FALSE.

Current account is suitable for salaried people.

State with Reasons whether the following statement is TRUE or FALSE.

Cash can be withdrawn from ATM at any time.

State with Reasons whether the following statement is TRUE or FALSE.

The principle of indemnity applies to life insurance.

State with Reasons whether the following statement is  TRUE or FALSE.

Insured must have insurable interest in the subject matter at the time of taking the policy.

State with Reasons whether the following statement is TRUE or FALSE.

An individual must always tries to minimise the loss by fire as far as possible.

State with Reasons whether the following statement is TRUE or FALSE.

Duty paid warehouses help to provide storage for perishable commodities.

State with Reasons whether the following statement is TRUE or FALSE.

Private warehouses are used only by its owners.

State with Reasons whether the following statement is TRUE or FALSE.

Post offices provide money remittance services.

State with Reasons whether the following statement is TRUE or FALSE.

E –payment facility is not available to general public.

State with Reasons whether the following statement is TRUE or FALSE.

Air transport is suitable for short distances.

State with Reasons whether the following statement is TRUE or FALSE.

Transport helps in raising standard of living.

State with Reasons whether the following statement is TRUE or FALSE.

Water transport is the costliest means of transport available.

State with Reasons whether the following statement is TRUE or FALSE.

Rail transport provides door to door services.

Answer the following question in short:
State the nature of business services.

Write Short Note on the following:
Types of banks

Answer the following question in short:
State the primary functions of banks.

Answer the following question in short:
What are the agency functions of banks?

Write Short Note on the following:
Utility functions of commercial banks

Answer the following question in short:
What is e-banking?

Write Short Note on the following:
Types of life insurance policies

Write Short Note on the following:
Types of fire insurance policies

Write Short Note on the following:
Types of marine insurance policies

Write Short Note on the following:
Functions of warehousing

Write Short Note on the following:
Mail services of the post offices

Answer the following question in short:
What do you mean by specialised mail services of post offices.

Answer the following question in short:
State the telecom services as a means of communication.

Write Short Note on the following:
Functions of warehousing

Write Short Note on the following:
Role of transport

Define Bank.

Explain different types of banks.

Answer the following question:
What is commercial bank? Explain its primary functions.

Answer the following question:

Describe the secondary functions of commercial banks.

Answer the following question:
Define insurance. Explain the various principles of insurance.

Answer the following question:

What is warehousing? Explain different types of warehouses.

Answer the following question:
Describe mail services & specialised mail services of the postal department

Answer the following question:
Explain the functions of warehousing.

Answer the following question:
Describe the role of transport in modern times.