Class 11 Business Studies - Chapter Business Services NCERT Solutions | What is e-banking. What are the advantag
What is e-banking. What are the advantages of e-banking?
Recent world is of computers. Computers are affecting every walk of our life or our daily routine of an particular individual or an organisation. By the extensive network of computers which is connected through internet, the world is rendered into the global village. With the disclosure of Internet banking, banking scenario is also changing quickly. E- banking implies performing all the functions or duties of commercial banks to be conducted electronically. Advantages of e-banking are as follows:
1. Helps to manage savings and checking accounts, apply for loans quickly and easily round the clock.
2. Customers can see balances on line and find out whether cheques or deposits have cleared.
3. Customers can easily transfer their funds between the two accounts.
4. It gives demat services for the shares.
5. Customers can easily down load financial information (relating to their FDs, A/c, cheques, Bills etc.) into personal computer rapidly.
More Questions From Class 11 Business Studies - Chapter Business Services
- Q:-
Define services and goods.
- Q:-
Describe various types of insurance and examine the nature of risks protected by each type of insurance.
- Q:-
Explain the functions of commercial banks with an example of each.
- Q:-
Write a note on various telecom services available for enhancing business.
- Q:-
Explain in detail the warehousing services.
- Q:-
Explain warehousing and its functions.
- Q:- Write a detailed note on various facilities offered by Indian Postal Department.
- Q:-
What are services? Explain their distinct characteristics.
- Q:-
Explain briefly the principles of insurance with suitable examples.
Popular Questions of Class 11 Business Studies
- Q:-
State any three differences between e-business and traditional business.
- Q:-
1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
(c) Nominal partner (d) Secret partner - Q:-
1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership - Q:-
List any five major commercial cities of ancient India?
- Q:-
How does outsourcing represent a new mode of business?
- Q:-
What is Hundi?
- Q:-
Describe briefly any two applications of e-business.
- Q:-
List the major exports and imports in ancient India.
- Q:-
What are the ethical concerns involved in outsourcing?
- Q:-
What were the different types of Hundi in use by traders in ancient times?
Recently Viewed Questions of Class 11 Business Studies
- Q:-
Evaluate the need for outsourcing and discuss its limitations.
- Q:-
What were the different types of Hundi in use by traders in ancient times?
- Q:-
Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.
- Q:-
Describe the activities relating to commerce.
- Q:-
1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership - Q:-
Explain the concept of business risk and its causes.
- Q:-
List the major exports and imports in ancient India.
- Q:-
How does outsourcing represent a new mode of business?
- Q:-
Define Industry. Explain various types of industries giving examples.
- Q:-
What are the ethical concerns involved in outsourcing?
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