HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Important Questions for Organisation of Commerce and Management

Distinguish between.

Central Bank and Commercial Bank

Distinguish between Life Insurance and Marine Insurance. 

State any four features of business services.

Justify the following statement.

Principle of subrogation is applicable to all contracts of indemnity.

Explain marine insurance policies.

What are the functions of warehouses?

What is a warehouse? 

Explain the principles of insurance.

Warehouse creates __________ utility.

What is demand deposits?

What is exchange bank?

Correct the underlined word and rewrite the sentence.

The person who is protected against certain losses is known as insurer.

Explain the following term/concept.

Marine Insurance

Explain the following term/concept.

Life Insurance

Study the following case/situation and express your opinion.

Mr. Sadagopan is a businessman he has two factories in Indore and Bhopal. He lives in Bhopal with his wife and two daughters aged 5 and 8 years.

1. Can Mr. Sadagopan take life insurance policy for two children? 
2. Is child insurance is suitable for a wife of Mr. Sadagopan?
3. Which type of insurance should Mr. Sadagopan take for protecting his factories from loss due to fire?

Study the following case/situation and express your opinion

Shirish shifted some furniture to his office and issues a cheque of Rs. 20000/- to MV Movers Limited. Balance in his account is Rs. 15000 still bank clears the cheque. Shirish also wants to renovate his office so he applies for a loan of Rs. 25 lacs which bank sanctions and transfer the amount to loan account. But Shirish withdrew only Rs. 15 lacs. Shirish accepted a bills of exchange for Rs. 5 lacs drawn upon him by M/s. Creative Furnitures for supplying new furniture for his office it is due on 31st May, 2021 but M/s. Creative Furnitures needed money on 1st April, 2021. They got Rs. 4.75 lacs from the bank on the basis of the same bills of exchange.

1. Name the type of account Shirish must be operating
2. On which amount Shirish will have to pay interest on loan?
3. Which service did the bank make available to easy M/s. Creative Furnitures while paying rupees 4.75 lacs?

Justify the following statement.

Business services are necessary.

Arrange in proper order.

Accident, taking the policy, claim.

Medium-term Loans are taken for a period of ______ to meet the working capital requirements.

Explain the following term/concept in detail.

Central Bank