Maharashtra State BoardHSC Commerce 12th Board Exam
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SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 chapter 4 - Business Services [Latest edition]

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12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 - Shaalaa.com

Chapter 4: Business Services

Select the appropriate optionMatch the correct pairsState true or falseComplete the sentenceSelect the correct optionAnswer in one sentenceCorrect the underlined word and rewrite the sentenceArrange in proper orderExplain the following terms/conceptsStudy the following case/situation and express your opinionDistinguish BetweenAnswer in briefJustify the following statementsAttempt the followingAnswer the following
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Select the appropriate option

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Select the appropriate option

Select the appropriate option | Q 1

In ___________ policy subject matter is insured for specific voyage irrespective of time.

  • annuity

  • voyage

  • floating

Select the appropriate option | Q 2

Warehouse creates __________ utility.

  • space

  • time

  • possession

Select the appropriate option | Q 3

Principle of ___________ is not applicable to life insurance.

  • insurable interest 

  • utmost good faith

  • indemnity

Match the correct pairs

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Match the correct pairs

Match the correct pairs | Q 1

Match the correct pairs.

Group A Group B
A. Sprinkler policy  1. provides a regular percentage of the sum assured
B. Child insurance 2. marketing
C. Money back policy  3. demand made by insured to insurer for loss
D. Claim 4. profit
E. Insurance 5. proposal
  6. protection from financial loss
  7. for voyage
  8. ULIP
  9. suitable for children
  10. fire insurance
State true or false

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services State true or false

State true or false | Q 1

Business services are important for the growth of business.

  • True

  • False

State true or false | Q 2

NEFT stands for National Electric Fund Transfer.

  • True

  • False

Complete the sentence

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Complete the sentence

Complete the sentence | Q 1

The word bank comes from French word _______.

Complete the sentence | Q 2

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

Select the correct option

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Select the correct option

Select the correct option | Q 1

Select the correct option.

(no need to carry cash, intangible, fund transfer system, accepting deposits, niche banks in India)

Group A Group B
A. _____________  services
B. commercial bank ______________
C. _____________ Small finance bank
D. credit cards _______________
E. _____________ RTGS
Answer in one sentence

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Answer in one sentence

Answer in one sentence | Q 1

What are business services?

Answer in one sentence | Q 2

What is demand deposits?

Answer in one sentence | Q 3

What is exchange bank?

Correct the underlined word and rewrite the sentence

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Correct the underlined word and rewrite the sentence

Correct the underlined word and rewrite the sentence | Q 1

Correct the underlined word and rewrite the sentence.

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

Correct the underlined word and rewrite the sentence | Q 2

Correct the underlined word and rewrite the sentence.

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

Arrange in proper order

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Arrange in proper order

Arrange in proper order | Q 1

Arrange in proper order.

Claim, Accident, Taking the policy, Compensation

Explain the following terms/concepts

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Explain the following terms/concepts

Explain the following terms/concepts | Q 1

Explain the following term/concept.

Insurance

Explain the following terms/concepts | Q 2

Explain the following term/concept.

Marine Insurance

Explain the following terms/concepts | Q 3

Explain the following term/concept.

Life Insurance

Explain the following terms/concepts | Q 4

Explain the following term/concept.

Fire insurance

Study the following case/situation and express your opinion

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Study the following case/situation and express your opinion

Study the following case/situation and express your opinion | Q 1

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?

Study the following case/situation and express your opinion | Q 2

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 | Q 3

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?
Distinguish Between

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Distinguish Between

Distinguish Between | Q 1

Distinguish between.

Central Bank and Commercial Bank

Distinguish Between | Q 2

Distinguish between.

Life Insurance and Fire Insurance

Distinguish Between | Q 3

Distinguish Between.

Fixed deposit account and Savings account

Distinguish Between | Q 4

Distinguish between.

Life Insurance and Marine Insurance

Distinguish Between | Q 5

Distinguish Between

Fire Insurance and Marine Insurance

Answer in brief

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Answer in brief

Answer in brief | Q 1

Answer in brief.

Explain any four e-banking services.

Answer in brief | Q 2

Answer in Brief.

State features of services.

Justify the following statements

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Justify the following statements

Justify the following statements | Q 1

Justify the following statement.

Warehousing is important.

Justify the following statements | Q 2

Justify the following statement.

Business services are necessary.

Attempt the following

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Attempt the following

Attempt the following | Q 1

Attempt the following.

Explain types of warehouses?

Answer the following

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 Chapter 4 Business Services Answer the following

Answer the following | Q 1

Answer the following.

Define Bank. Explain different types of banks.

Answer the following | Q 2

Answer the following.

Explain agency functions and utility functions of banks.

Answer the following | Q 3

Answer the following.

What is insurance? Explain its principles.

Answer the following | Q 4

Answer the following.

Explain types of marine insurance policies.

Answer the following | Q 5

Answer the following.

Explain types of fire insurance policies.

Chapter 4: Business Services

Select the appropriate optionMatch the correct pairsState true or falseComplete the sentenceSelect the correct optionAnswer in one sentenceCorrect the underlined word and rewrite the sentenceArrange in proper orderExplain the following terms/conceptsStudy the following case/situation and express your opinionDistinguish BetweenAnswer in briefJustify the following statementsAttempt the followingAnswer the following
12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 - Shaalaa.com

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 chapter 4 - Business Services

SCERT Maharashtra Question Bank solutions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 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 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. SCERT Maharashtra Question Bank textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 chapter 4 Business Services are Services, Business Services, Banking, Functions of Commercial Banks, E-banking Service, Insurance, Transport, Warehousing, Communication.

Using SCERT Maharashtra Question Bank 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 SCERT Maharashtra Question Bank Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer SCERT Maharashtra Question Bank Textbook Solutions to score more in exam.

Get the free view of chapter 4 Business Services 12th Board Exam extra questions for 12th Standard HSC Organisation of Commerce and Management (OCM) Maharashtra State Board 2021 and can use Shaalaa.com to keep it handy for your exam preparation

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