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Business Services

Question

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Enlist the banking services of postal services.

Solution

Banking services of postal services:

1. Post Office Saving Bank,

2. 5 years Post Office Recurring Deposit Scheme,

3. Post Office Time Deposit Account,

4. Post Office Monthly Insurance Scheme,

5. Senior Citizens Saving Scheme,

6. National Saving Certificates and

7. Kisan Vikas Patra.

Some More Questions From Business Services Chapter

Define life insurance.

What do you mean by Fire Insurance ?

What do you mean by Marine Insurance ?

Define communication.

What do you mean by the term transportation ?

What do you mean by the term warehousing ?

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

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