Required fields are marked *. Business Finance NCERT Solution MCQ Answers. → Life Insurance: It is a contract between the insurer and the insured in which the insurer agrees to pay a certain pre-specified amount to the insured on the occurrence of death of the assured or on maturity of the insurance contract, whichever comes earlier.That is, in case the insured dies before the maturity of the contract, his or her family is given the assured amount. It is recommended for the students to practice the given Class 11 Business Studies chapter wise important questions with the answers. 2. I. • Passport facilities: A unique partnership with the ministry of external affairs for facilitating. • Speed Post: It has over 1000 destinations in India and links with 97 major countries across the globe. Class 11 Important Business Studies Questions is very important resource for students preparing for Class XI board Examination. 1. 5. Under a fire insurance contract, the insurer agrees to compensate the insured for the loss or damage to the insured property caused by fire, against a payment of a fixed premium. NCERT Solutions for Class 11 Business Studies are given for the students so that they can get to know the answers to the questions in case they are not able to find it.It is important for all the students who are in Class 11 currently. 3. It can be both addressed as well as unaddressed. Short Answer Questions 1. Important Questions for Class 11 Business Studies are outlined by the subject matter experts from the latest edition of CBSE books. CBSE Previous Year Question Paper for Class 10, CBSE Previous Year Question Paper for Class 12. 2. One can only experience it. Write a detailed note on various facilities offered by Indian Postal Department. Practicing Question Papers for Class 11 will help you in getting advantage over other students as you will understand the type of questions and expected answers. The insured pays a certain amount as premium to the insurer. NCERT Solutions for Class 11 All Subjects Including extreme important subjects like Maths and science are the subjects, the below mentioned Subject wise NCERT Solutions for Class 11 covered all subjects like Physical Education, Biology, Physics, Chemistry, Business Studies, and Accountancy etc. NCERT Solutions for Business Studies Subject for Class 11 Students are given here. Explain briefly the principles of insurance with suitable examples. Studyrankers is a free educational platform for cbse k-12 students. Which of the following is not applicable in life insurance contract? One cannot taste a doctor’s treatment, or touch entertainment. Important Questions for Class 11 Business Studies are outlined by the subject matter experts from the latest edition of CBSE books. The maximum compensation which the insurer is liable to pay is pre-specified in the contact, along with the conditions under which the contract is enforceable. Explain in detail the warehousing services. Define services and goods. 4. 3. • Greeting post: A range of delightful greeting cards for every occasion. Our Class 11 Business Studies textbook solutions give students an advantage with practical questions. It provides protection against the perils of the sea such as collision of the ship with a rock, attack on the ship by enemies and pirates, and damage caused by fire. Learning these would definitely help the students in scoring good marks in board examinations. It teaches about important functions and characteristics of businesses, functioning of international businesses, the concept of internal trade, etc. Free PDF download of Important Questions with Answers for CBSE Class 11 Business Studies Chapter 4 - Business Services prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books. During the month of October, the business incurred the following transactions: 2 Oct, Andrew invested $50,000 cash in the business, which is organised as a sole trader. 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The 11th grade is an important milestone because it lays the foundation for your final board exams the next year. Ch4: Business Services (Introduction) Ch4: Banks and Functions Of Commercial Banks Ch4: Insurance Services Ch4: Communication Services Ch5: Emerging Modes of Business (VSQA) Ch10: International Business-I (NCERT Answers) Business Studies Unit Test Paper 1 (2019-20) Multiple Choice Questions Tick the appropriate answer: Question 1. 5. Services are those separately identifiable, essentially intangible activities that provides satisfaction of wants, and are not necessarily linked to the sale of a product or another service. All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in your examinations → Mail facilities: Mail services consist of parcel facilities that is trans-mission of articles from one place to another; registration facility to provide security of the transmitted articles and insurance facility to provide insurance cover for all risks in the course of transmission by post. Explain their distinct characteristics? 3. → Fire Insurance: Insurance contracts that protect the insured against the loss or damage caused by fire during a given period are called fire insurance contracts. Describe various types of insurance and examine the nature of risks protected by each type of insurance.