CBSE Class 11 Business Studies Business Services Worksheet Set 02

Department of Commerce and Humanities

BUSINESS SERVICES Reference:

1. What are five Is of Services 

2 A treatment by a doctor shows which characteristic of services 

3. What are private sector banks? 

4. According to the reader’s view, what is remittance of funds? 

5. State any two agency functions of commercial banks. 

6. How can you classify the accounts of bank on the current basis? 

7. Name the type deposit which is suitable for business organisations 

8. Give the name of an instrument which is identical to bank draft and is payable within the town.

9. In the context to the modern world, state e-banking. 

10 List any two benefits of e-banking with which you are familiar.

11 List any two functions of insurance that are associated with risk of loss. 

12. List any two principles of insurance that are very common and generally the public are aware of them.

13. Which principle state that it is the duty of the insured to take reasonable steps to minimize the loss or damage to the insured property?

14. With which insurance, the term `assurance’ is associated? 

15. List two conditions which should be satisfied in case of loss by fire. 

16. Banks provide several services such as bill payments, locker facilities etc. What are these services called?

17. Arrange the following into two main heads viz. traditional and modern means communication.

a) telegram b) fax c) parcel d) e-mail e) Registered post.

II Answer in 50-75 words

18. Briefly explain the primary functions of commercial banks. 

19. Why is the principle of indemnity not applicable to life insurance? 

20. What functions does insurance perform in context to the modern world of business?

21. Insurable interest is a fundamental principle of insurance. When should it be present in case of
i) Life insurance policy
ii) Fire insurance policy
iii) Marine insurance policy

III Answer in around 150 words

22 Vinod has a shop in Chandni Chowk which deals antique idolds of various gods and goddesses. He has taken an insurance policy on his shop and the stock in the shop. While taking the policy, he conveyed his intention to the insurance company that he should be provided insurance coverage under all possible risks. The insurance company convinced Vinod that the policy was comprehensive and covered every probable risk. During the tenure of the policy, an earth quake occurred and the shop and the stock of Vinod were destroyed completely. He approached the insurance company for compensation of loss.

However , the insurance company refused to grant him compensation on the ground that ` loss by act of God’ was not covered by the policy. On the basis of above case, answer the following questions.
A. Identify and explain the principle of insurance violated by the insurance company.
B. Do you think that Vinod has ` insurable interest’ in the shop and the stock destroyed?

23 Mr.Mithun has taken a life insurance policy from LIC hiding the fact that she is a heart patient. Later she dies of a severe heart attack. Is insurance company liable to pay the sum insured amount to heirs of Mithun? Which value is violated by Mithun?

24 “ Banks are performing a wide range of services now-a-days”. Do you agree? If yes, give the description of any four services which are offered by banks.

25. What is e-banking? What are the advantages of e-banking? 

26 Explain briefly the principles of insurance with suitable examples. 

27 What are the various services offered by telecom service providers for enhancing their business?

28 What do you mean by commercial banks? State its main functions

Please click on below link to download CBSE Class 11 Business Studies Business Services Worksheet Set B