Maharashtra State BoardHSC Commerce 12th Board Exam
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Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 4 - Business Services [Latest edition]

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Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 4: Business Services

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6Exercise Q.7Exercise Q.8
Exercise Q.1 [Pages 89 - 91]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.1 [Pages 89 - 91]

Exercise Q.1 | Q 1.1 | Page 89

Door to door service is provided by _________ transport.

  • railway

  • road

  • air

Exercise Q.1 | Q 1.2 | Page 89

__________ creates time utility.

  • Warehouse 

  • Transport 

  • Government

Exercise Q.1 | Q 1.3 | Page 89

_____________ warehouses provide facilities for perishable commodities.

  • Bonded

  • Cold storage

  • Government

Exercise Q.1 | Q 1.4 | Page 90

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

  • Port risk

  • Voyage

  • Floating

Exercise Q.1 | Q 1.5 | Page 90

Principle of ___________ is not applicable to life insurance.

  • insurable interest 

  • utmost good faith

  • indemnity

Exercise Q.1 | Q 2 | Page 90

Match the pairs.

Group ‘A’ Group ‘B’

A) Air Transport

1) Time utility

B) Warehousing

2) Intangible in nature

C) Money remittance

3) Fast mode of transport

D) Pipeline Transport

4) April 2019

E) Business Service

5) Western Union Money Transfer

 

6) Fixed deposit account

 

7) Petroleum and gas

 

8) Tangible

 

9) Place utility

 

10) Savings account

Exercise Q.1 | Q 3.1 | Page 90

Give one word/phrase/term for the following sentence.

These warehouses are owned, managed and controlled by central and state governments or public authorities.

Exercise Q.1 | Q 3.2 | Page 90

Give one word/phrase/term for the following sentence.

An art of exchanging ideas, facts, information, etc . from one person or entity to another.

Exercise Q.1 | Q 3.3 | Page 90

Give one word/phrase/term for the following sentence.

A rail system in which the track consists of a single rail or a beam.

Exercise Q.1 | Q 3.4 | Page 90

Give one word/phrase/term for the following sentence.

A transport system used to carry petroleum and gases.

Exercise Q.1 | Q 3.5 | Page 90

Give one word/phrase/term for the following sentence.

A ministry that looks after the development of surface transport throughout the country.

Exercise Q.1 | Q 4.1 | Page 90

Business services are important for the growth of business.

  • True

  • False

Exercise Q.1 | Q 4.2 | Page 90

Current Account is opened by salaried persons.

  • True

  • False

Exercise Q.1 | Q 4.3 | Page 90

NEFT stands for National Electric Fund Transfer.

  • True

  • False

Exercise Q.1 | Q 4.4 | Page 90

Air transport is the cheapest mode of transport.

  • True

  • False

Exercise Q.1 | Q 4.5 | Page 90

The Internet is the global system of interconnected computer networks that use the Internet protocol suite to link devices worldwide.

  • True

  • False

Exercise Q.1 | Q 5.1 | Page 90

Find the odd one.

  • Primary credit co-operative society

  • state co-operative bank

  • district co-operative bank

  • ex-change bank

Exercise Q.1 | Q 5.2 | Page 90

Find the odd one.

  • NABARD

  • RBI

  • SIDBI

  • EXIM

Exercise Q.1 | Q 5.4 | Page 90

Find the odd one.

  • Endowment policy

  • Whole life policy

  • Money back policy

  • Blanket policy

Exercise Q.1 | Q 6.1 | Page 90

The term bank comes from the French word____________.

Exercise Q.1 | Q 6.2 | Page 90

_________ warehouses provide facilities for perishable commodities

Exercise Q.1 | Q 6.3 | Page 90

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

Exercise Q.1 | Q 6.4 | Page 90

_________ banking refers to the use of banking services with the help of mobile phones.

Exercise Q.1 | Q 7 | Page 90

Select the correct option and complete the following table.

(RTGS, SIDBI, apex financial institution in banking industry of country, recurring deposit, long term loans)

Group A Group B
1 _________ fund transfer on real-time and gross basis
2. loans to meet long term capital requirements ________
3 ____________ Account operated by salaried and businessmen both.
4. Central bank _____________
5 _____________ Principal financial institution for MSMEs
Exercise Q.1 | Q 8.1 | Page 91

What is debit card?

Exercise Q.1 | Q 8.2 | Page 91

What is 'subject matter' in insurance?

Exercise Q.1 | Q 8.3 | Page 91

What is a government warehouse?

Exercise Q.1 | Q 8.4 | Page 91

What is air transport?

Exercise Q.1 | Q 8.5 | Page 91

What is communication?

Exercise Q.1 | Q 9.1 | Page 91

Correct the underlined word and rewrite the following sentence.

Overdraft facility is available for savings bank account holders.

Exercise Q.1 | Q 9.2 | Page 91

Correct the underlined word and rewrite the following sentence.

Services are tangible in nature.

Exercise Q.1 | Q 9.3 | Page 91

Correct the underlined word and rewrite the following sentence.

Insurance helps to maximize the risks in the business.

Exercise Q.1 | Q 9.4 | Page 91

Correct the underlined word and rewrite the following sentence.

The foreign bank is the apex financial institution in the banking industry in the country.

Exercise Q.1 | Q 9.5 | Page 91

Correct the underlined word and rewrite the following sentence.

RTGS stands for Reasonable Time Gross Settlement.

Exercise Q.1 | Q 10.1 | Page 91

Arrange in proper order.

Claim, Accident, Taking the policy, Compensation

Exercise Q.1 | Q 10.2 | Page 91

Arrange in proper order.

Email, Inland letter, Courier

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Exercise Q.2 [Page 91]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.2 [Page 91]

Exercise Q.2 | Q 1 | Page 91

Explain the following term/concept.

Transport

Exercise Q.2 | Q 2 | Page 91

Explain the following term/concept.

Communication

Exercise Q.2 | Q 3 | Page 91

Explain the following term/concept.

Banking

Exercise Q.2 | Q 4 | Page 91

Explain the following term/concept.

Insurance

Exercise Q.2 | Q 5 | Page 91

Explain the following term/concept.

Warehousing

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Exercise Q.3 [Page 92]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.3 [Page 92]

Exercise Q.3 | Q 1 | Page 92

Study the following case/situation and express your opinion.

Ms Harshali has started a new business two years ago. Her customers are located in different parts of the country and hence they are directly depositing bill amounts in her business account. At the same time, she used to pay various payments from this account only.

i) Identify the Type of account maintained by Ms Harshali.

ii) Suggest anyone modern way of money transfer to Ms Harshali.

iii) What kind of facility does she get on her bank account?

Exercise Q.3 | Q 2 | Page 92

Study the following case/situation and express your opinion.

Mr Jagan is a salaried person. He wants to take policy for his two children which assures them protection as well as completes their financial needs once they become major by age.

i) Suggest him a policy which can satisfy the requirements of his children.

ii) Who are beneficiaries of policy?

iii) In the above case which principle is involved?

Exercise Q.3 | Q 3 | Page 92

Study the following case/situation and express your opinion.

Mr Sharan is a successful manufacturer. He is having production units at various locations. He is having multiple production units, he has a large stock of raw material and finished goods. He is worried about safeguarding goods from any unwanted financial loss. He also requires transferring raw material and finished goods from one unit to another but does not have any facility for that. He also requires funds for expansion.

i) Name the service which will help him to safeguard goods from any damage?.

ii) Which service will help him to remove the difficulty of the place?

iii) From which service sector will he get financial support?

Exercise Q.3 | Q 4 | Page 92

Study the following case/situation and express your opinion.

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.

i) Can Mr. Amit take a life insurance policy for his wife and 2 children?

ii) Can Mr. Amit take a marine insurance policy for his factories?

iii) Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?

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Exercise Q.4 [Page 92]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.4 [Page 92]

Exercise Q.4 | Q 1 | Page 92

Distinguish between.

Duty Paid Warehouse and Bonded Warehouse

Exercise Q.4 | Q 2 | Page 92

Distinguish between.

Central Bank and Commercial Bank

Exercise Q.4 | Q 3 | Page 92

Distinguish between.

Road Transport and Air Transport

Exercise Q.4 | Q 4 | Page 92

Distinguish between.

Life Insurance and Marine Insurance

Exercise Q.4 | Q 5 | Page 92

Distinguish between.

Savings Account and Current Account

Exercise Q.4 | Q 6 | Page 92

Distinguish between.

Life Insurance and Fire Insurance

Exercise Q.4 | Q 7 | Page 92

Distinguish between.

Road Transport and Rail Transport

Exercise Q.4 | Q 8 | Page 92

Distinguish between.

Rail Transport and Air Transport

Exercise Q.4 | Q 9 | Page 92

Distinguish between.

Current Account and Fixed Deposit Account.

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Exercise Q.5 [Pages 92 - 93]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.5 [Pages 92 - 93]

Exercise Q.5 | Q 1 | Page 92

State four types of deposits.

Exercise Q.5 | Q 2 | Page 93

State four modes of transport.

Exercise Q.5 | Q 3 | Page 93

State four life insurance policies?

Exercise Q.5 | Q 4 | Page 93

State any four features of business services?

Exercise Q.5 | Q 5 | Page 93

State money remittance services of the postal department?

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Exercise Q.6 [Page 93]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.6 [Page 93]

Exercise Q.6 | Q 1 | Page 93

Justify the following statement.

Air transport is the fastest mode of transport?

Exercise Q.6 | Q 2 | Page 93

Justify the following statement.

Communication is essential for the growth of the business.

Exercise Q.6 | Q 3 | Page 93

Justify the following statement.

Principle of subrogation is applicable to all contracts of indemnity.

Exercise Q.6 | Q 4 | Page 93

Justify the following statement.

Warehousing is important.

Exercise Q.6 | Q 5 | Page 93

Justify the following statement.

Cash can be withdrawn from ATM at any time.

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Exercise Q.7 [Page 93]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.7 [Page 93]

Exercise Q.7 | Q 1 | Page 93

State money remittance services of the postal department?

Exercise Q.7 | Q 2 | Page 93

Explain marine insurance policies?

Exercise Q.7 | Q 3 | Page 93

Explain types of warehouses?

Exercise Q.7 | Q 4 | Page 93

Explain the utility function of banks?

Exercise Q.7 | Q 5 | Page 93

Explain the modes of traditional communication?

Exercise Q.7 | Q 6 | Page 93

Explain the disadvantages of air transport?

Exercise Q.7 | Q 7 | Page 93

Describe the role of transport?

Exercise Q.7 | Q 8 | Page 93

What are the functions of warehouses?

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Exercise Q.8 [Page 93]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 4 Business Services Exercise Q.8 [Page 93]

Exercise Q.8 | Q 1.1 | Page 93

What is insurance?

Exercise Q.8 | Q 1.2 | Page 93

Explain the principles of insurance?

Exercise Q.8 | Q 2.1 | Page 93

Define bank. 

Exercise Q.8 | Q 2.2 | Page 93

Explain different types of banks.

Exercise Q.8 | Q 3.1 | Page 93

What is a warehouse? 

Exercise Q.8 | Q 3.2 | Page 93

Functions of a Warehouse.

Exercise Q.8 | Q 4.1 | Page 93

What is Services?

Exercise Q.8 | Q 4.2 | Page 93

Explain in detail different business services.

Exercise Q.8 | Q 5.1 | Page 93

What is communication?

Exercise Q.8 | Q 5.2 | Page 93

Explain in detail various types of communication.

Exercise Q.8 | Q 6.1 | Page 93

What is road transport?

Exercise Q.8 | Q 6.2 | Page 93

Explain the advantages of road transport?

Exercise Q.8 | Q 6.3 | Page 93

Explain the disadvantages of road transport?

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Chapter 4: Business Services

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6Exercise Q.7Exercise Q.8
Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 4 - Business Services

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 4 (Business Services) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 4 Business Services are Services, Business Services, Banking, Functions of Commercial Banks, E-banking Service, Insurance, Transport, Warehousing, Communication.

Using Balbharati 12th Board Exam solutions Business Services exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Balbharati Textbook Solutions to score more in exam.

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