It is a oneway information broadcasting solution, and has spread its reach far and wide. Subject to the doctrine of causa proxima. A banking company in India is the one which transacts the business of banking which means accepting, for the purpose of lending and investment of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheques, draft, order or otherwise. 1. LIC of India has dominated the life segment for over four decades although only 25 per cent of the insurable population was insured. These goods are said to be in bond. If reasonable care is not taken like any prudent person then the claim from the insurance company may be lost. Amartya Sen Siksha Yojana This insurance provides protection to the family at the premature death or gives adequate amount at old age when earning capacities are reduced. d. None of the above, 4. The cover is available in respect of any one or more of the following sports: angling, badminton, cricket, golf, lawn tennis, squash, use of sporting guns. Current Deposit Account: Current deposit Accounts are opened by businessman. However, if sender wants to have proof then a certificate can be obtained from the post office on payment of prescribed fee. (d) Principle of contribution (ii) Protection: The second main function of insurance is to provide protection from probable chances of loss. The premium is paid jointly or by either of them in instalments or lump sum. The main services can be classified into postal and telecom. Let us examine few examples of business activity i.e., purchasing ice cream from a store and eating ice cream in a restaurant, watching a movie in a cinema hall or purchasing a video cassette/CD, purchasing a school bus and leasing it from a transporter. (b) Private Sector Banks. There are various benefits of e-banking provided to customer which are. 8. Revising notes in exam days is on of the best tips recommended by teachers during exam days. An important implication of this is that quality of the offer can often not be determined before consumption and, therefore, purchase. Example: Tourism, Restaurants etc. (d) Value added service Banking, Insurance, communication, Warehousing and transportation. Conditional contract 5. • Dedicated VSAT network via satellite of over 1200 post offices A customer can get the service modified according to specific requirement. When the loss is the result of two or more causes, the proximate cause means the direct, the most dominant and most effective cause of which the loss is the natural consequence. DTH services are provided by________. Their purchase does not result in the ownership of anything physical. 4. The extra amount withdrawn is called overdraft. Today’s world is of tough competition, where the survival of the fittest is the rule. Specialised banks myCBSEguide | CBSE Papers & NCERT Solutions. (IV) Payment of interest, insurance premium etc. It controls and coordinates currency and credit policies of any country. The agreement on trade in services reached in the Uruguay Round is perhaps the most important single development in the multilateral trading system. 2. If the premium is payable for a fixed period, the policy will continue till the death of the assured. Tranportation: Transportation comprises freight services together with supporting and auxiliary services by all the modes of transportation i.e rail, road, air and sea for the movement of goods and international carriage of passengers. (iii) Indemnity: All insurance contracts of fire or marine insurance are contracts of indemnity. Both the insurer and the insured display good faith towards each other in regard to the contract. Thus insurance is the substitution of a small periodic payment (premium) for a risk of large possible loss. A depositor can deposit a fixed amount, say Rs. Utmost Good Faith: Insurance contracts are based upon mutual trust and confidence between the insurer and the insured. e-banking is electronic banking or banking using electronic media. (i) Insurable interest must exist at the time of loss but not necessarily at the time when the policy was taken. Postal Services: This service is required by every business to send and receive  letters, market reports, parcel, money order etc.on regular. These are goods which are imported from other countries. Distribution services Compile and suggest what extra services you feel the bank should be providing. The revision notes help you revise the whole chapter in minutes. The twelve sectors are: No interest is paid on current accounts. Goods sometimes need to be opened and repackaged and labelled again at the time of inspection by prospective buyers. 4,00,000. (i) e-banking provides 24 hours, 365 days a year services to the customers of the bank; For instance, Information technology is one such business service that supports various other business services such as shipping, procurement and finance.


Bangalore To Goa Train Ticket Price List, High School Softball Rankings 2020, Vermont Curry Roux, Lothric Knight Greatsword, Essential Baking Company Reviews, Influencer Marketing Services, Ca3p2 Compound Name, Software Block Diagram, Vegan Zucchini Fritters, Mozart Violin Sonata 33, Graphic Design Contract Jobs, 5 Uses Of Monitor, Iit Bombay Cse Syllabus 2020, Golden State Warriors Jersey Amazon, Chipotle Sour Cream Calories, Philips Food Processor Instructions, Beautyrest Memory Foam Mattress, Roxana Lieutenant Ac Odyssey, How To Remove Sour Taste From Wine, Final Fantasy Xiii Lightning Wallpaper, 48w - 96''w Closet System, Solid Copper Formula, Polyurethane Spray For Metal, Props For Still Life Photography, Yorkville Hotel Toronto,