Podcast
Questions and Answers
What is one primary function of a commercial bank?
What is one primary function of a commercial bank?
- Conducting corporate mergers
- Offering investment consultancy services
- Providing insurance policies
- Accepting deposits from customers (correct)
Which type of deposit account is specifically designed for regular savings and requires no minimum balance?
Which type of deposit account is specifically designed for regular savings and requires no minimum balance?
- Current Account
- Savings Bank Account (correct)
- Recurring Deposit Account
- Fixed Deposit Account
What is a key characteristic of negotiable instruments like a cheque?
What is a key characteristic of negotiable instruments like a cheque?
- They are non-transferable
- They must be registered with a bank
- They can be transferred by endorsement (correct)
- They have no expiration date
Which principle of insurance ensures that the insured is compensated for loss but not profited from it?
Which principle of insurance ensures that the insured is compensated for loss but not profited from it?
What is a significant driver behind the change in retail development in India?
What is a significant driver behind the change in retail development in India?
Which of the following is not a part of the strategic planning process in retailing?
Which of the following is not a part of the strategic planning process in retailing?
What does the term 'Life Insurance Contract' refer to?
What does the term 'Life Insurance Contract' refer to?
Which of the following best describes the current scenario of the Indian Insurance Industry?
Which of the following best describes the current scenario of the Indian Insurance Industry?
Flashcards
Commercial Bank
Commercial Bank
A type of bank that provides financial services to individuals and businesses.
Negotiable Instrument
Negotiable Instrument
A document that can be exchanged for money or goods, like checks, promissory notes, and bills of exchange.
Life Insurance
Life Insurance
A contract that protects against financial loss due to death, illness, or other events.
Retail Management
Retail Management
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Bank Deposit Account
Bank Deposit Account
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Retail Trends
Retail Trends
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Retailing
Retailing
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Strategic Planning in Retailing
Strategic Planning in Retailing
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Study Notes
Banking and Insurance (E-1)
- Objective: Business needs funding and operates under risk. This module introduces banking and insurance services.
- Unit 1: Banking
- Meaning and role of banks, different types, and functions of commercial banks.
- Unit 2: Bank Deposit Accounts
- Types of bank deposit accounts, opening, and operating saving bank accounts.
- Unit 3: Negotiable Instruments
- Meaning and importance of negotiable instruments, types (hundis, bills of exchange, promissory notes, and cheques).
- Unit 4: Insurance
- Importance, principles, and growth/development of Indian insurance industries.
- Life and general insurance, features, life insurance contract, types of insurance policies, premium determination, and policy conditions.
- Suggested Readings: Specific textbooks are listed for this unit.
Retail Management (E-2)
- Objective: This course covers the basics of retailing, trends, and global retail markets.
- Unit 1: Retailing
- Definition of retail, functions, special characteristics, and reasons to study retail.
- Retailer equation and marketing concepts in retail.
- Career opportunities and trends in retailing.
- Unit 2: Retail Models and Theories
- Retail model types and theories of retail development.
- Life cycle phases and growth of retail markets and business retail models.
- Unit 3: Strategic Planning
- Strategic retail planning, situation analysis, objectives, consumer needs, feedback/control of overall retail strategies, and consumer decision-making process.
- Unit 4: Retail in India
- Evolution, size, and drivers of retail change in India.
- Foreign direct investment in retail, and challenges/developments in India's retail sector.
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Description
Explore the fundamentals of banking and insurance services in this quiz. Covering essential topics such as bank functions, types of deposit accounts, negotiable instruments, and the principles of insurance, this quiz will enhance your understanding of these critical business sectors.
