Revision Notes for CBSE Class 11 Business Studies Chapter 4 - Free PDF Download
Revision Notes for CBSE Class 11 Business Studies Chapter 4 - Business Services are given in this study in the form of a free-to-download pdf version.
Business Studies is quite a broad topic and the Class 11 Business Studies Chapter 4 Notes by Vedantu will help you to develop a precise understanding of what the chapter entails. In Chapter 4 Business Studies Notes in PDF format, students will find a comprehensive outline of notes of the chapter with solved exercises in the back to help them with understanding the chapter better. These Business Studies Chapter 4 revision notes and exercises which can be completely downloaded will help students develop a thorough understanding of the subject.
FAQs on Business Services Class 11 Notes CBSE Business Studies Chapter 4 [Free PDF Download]
1. What are the functions of commercial banks?
The various functions of the Commercial Banks are as follows:
Acceptance of Deposits - These are the basis on which banks function and also cause banks to be both borrowers and lenders of money.
Cheque Facility - This one of the more developed credit facilities, that has been in practice for a couple of years.
Lending of Funds - To provide loans through advances from the deposits received
Remittance of Funds - It is the facility of transfer of money from one place to another.
Allied Services - Include bill payments, locker facilities and underwriting facilities.
2. What are the types of insurance?
The types of Insurance are:
Life Insurance - In this, the insurer in consideration of the contract agrees to pay either in a lump sum or periodical payments, an amount of money to the assurer wherein any contingency to the insurer, they will receive that amount in either full or to cover certain costs.
Fire Insurance - In this insurance, the insurer is guaranteed payment for the goods that are under the fire insurance contract.
Marine Insurance - Against any marine losses the insurer will get the money that is put up in the contract.
3. What do you mean by Business Services in Class 11?
A service is an intangible service that can satisfy wants, and usually occurs after a transaction has been completed. Business services are one of the types of services that include banking, insurance, transportation, warehousing, communication, and other services that are used by businesses to run their operations more efficiently. Today, the majority of businesses rely on such specialised business services. When it comes to providing services to the developed economies of the world, India has been gaining a significant advantage over other countries.
4. What is a Bank in Class 11?
An institution licensed to accept deposits and make loans is known as a bank. Money management, currency exchanges are a few of the financial services that banks may offer. The banking services come under the category of business services. The banking industry has a wide range of interests, needs, and methods. As a result, we need different types of banks to deal with them. Banks can be categorised into the below categories:
5. What are the types of banks?
When it comes to monetary requirements, a country needs to have various kinds of banking sectors so as to cater all the monetary needs. Keeping this in mind, banks are categorised into several types which are as follows:
Commercial Banks - It deals with money.
Cooperative Banks - These banks supply low-cost loans for their customers.
Specialised Banks - These banks lend money to industries, large industrial projects, and foreign trade.
Central Bank - The central bank monitors, controls and regulates its activities in general.
6. Which is the best book for Business Studies in Class 11 Chapter 4?
While preparing any subject, the most important thing to keep in mind is what source of learning you are referring to for your learning purpose. And if you are a Class 11 student, the best material is the NCERT book. NCERT books contain all the basic concepts an 11th grader needs to ace their exam. It explains all the topics in easy and simple language and also provides a set of questions to enhance the concepts even more. You can download the NCERT Solutions or study material for free and study offline as well from Vedantu’s official website or you can download their app.
7. Why should I prefer revision notes Chapter 4 Business Studies Class 11?
If you want to seek help in making effective and reliable notes for your exams, then the revision notes provided on Vedantu is the best option for you. These notes are prepared by the professional team of tutors who explain the concepts in easy to understand language. You can refer to the revision notes of Chapter 4 Business Studies Class 11 in downloadable PDF format.