HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Organisation of Commerce and Management

Define the marketing mix.

Give one word or phrase for the following sentence:

When is World Consumer Day celebrated?

Lok Adalat is also referred to as the 'People's Court'.

Explain the following term/concept in detail.

Consumer Welfare Fund

Give one word or phrase for the following sentence:

Another term used for 'People's Court'.

______ is regarded as Father of Scientific Management.

Explain the advantages of Business Process Outsourcing (BPO).

What is Marketing Mix?

Distinguish between the following:

Life insurance and Fire insurance

Explain the types of Life Insurance Policies?

Explain the types of fire insurance policies.

_____________  policy covers all types of risks of a vessel while it is anchored at the port for a particular period of time.

The principle of ______ is not applicable to life insurance.

Find the odd one.

In ________ policy, several ships belonging to one owner are insured under the same policy.

Answer in one sentence.

What is 'subject matter' in insurance?

Correct the underlined word and rewrite the following sentence.

Insurance helps to maximize the risks in the business.

Explain the following term/concept.

Insurance

Study the following case/situation and express your opinion.

1. Suggest him a policy which can satisfy the requirements of his children.
2. Who are beneficiaries of policy?
3. In the above case which principle is involved?

Mr. Amit is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and 2 daughters aged 5 and 8 years.

1. Can Mr. Amit take a life insurance policy for his wife and 2 children?
2. Can Mr. Amit take a marine insurance policy for his factories?
3. Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?