Podcast
Questions and Answers
What type of account was maintained by Ms. Harshali for her business transactions?
What type of account was maintained by Ms. Harshali for her business transactions?
What management function was Navnath involved in?
What management function was Navnath involved in?
What modern way of money transfer could be suggested to Ms. Harshali for her business transactions?
What modern way of money transfer could be suggested to Ms. Harshali for her business transactions?
Which type of insurance should Mr. Sadagopan consider for protecting his factories from potential loss due to fire?
Which type of insurance should Mr. Sadagopan consider for protecting his factories from potential loss due to fire?
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What is the correct term for a bank account that allows unlimited deposits and withdrawals, usually used for daily transactions?
What is the correct term for a bank account that allows unlimited deposits and withdrawals, usually used for daily transactions?
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What facility does Ms. Harshali get on her bank account due to her business operations?
What facility does Ms. Harshali get on her bank account due to her business operations?
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Which type of insurance provides coverage against property damage, liability, and business interruption?
Which type of insurance provides coverage against property damage, liability, and business interruption?
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Which modern money transfer method is known for real-time processing and settlement of fund transfers?
Which modern money transfer method is known for real-time processing and settlement of fund transfers?
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What type of insurance policy provides financial protection to a family in case of the insured person's death?
What type of insurance policy provides financial protection to a family in case of the insured person's death?
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Why did the bank clear Shirish's cheque even though he had insufficient balance in his account?
Why did the bank clear Shirish's cheque even though he had insufficient balance in his account?
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What is the correct term for a financial account where funds are deposited and can be withdrawn on demand without any notice?
What is the correct term for a financial account where funds are deposited and can be withdrawn on demand without any notice?
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On which amount will Shirish have to pay interest for the loan obtained by M/s.Creative Furnitures?
On which amount will Shirish have to pay interest for the loan obtained by M/s.Creative Furnitures?
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What type of account is Shirish most likely operating based on the scenario?
What type of account is Shirish most likely operating based on the scenario?
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Which type of bank focuses on providing financial services to small businesses, low-income households, and unorganized sectors?
Which type of bank focuses on providing financial services to small businesses, low-income households, and unorganized sectors?
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Which service did the bank provide to M/s.Creative Furnitures by giving them Rs. 4.75 lacs?
Which service did the bank provide to M/s.Creative Furnitures by giving them Rs. 4.75 lacs?
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In a scenario involving a defective product, where can an aggrieved consumer seek redressal if the producer refuses to accept it?
In a scenario involving a defective product, where can an aggrieved consumer seek redressal if the producer refuses to accept it?
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Which right is represented in the given product example involving Tined Food?
Which right is represented in the given product example involving Tined Food?
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If a company is following CSR activities, which section's provision is applicable?
If a company is following CSR activities, which section's provision is applicable?
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Study Notes
Management Functions
- Navnath was involved in planning and organizing management functions.
- Jagannath was responsible for staffing.
- Both Navnath and Jagannath were involved in planning function jointly.
Banking and Insurance
- Ms. Harshali maintained a current account.
- A modern way of money transfer is through RTGS (Real-Time Gross Settlement).
- She gets overdraft facility on her bank account.
Insurance
- Mr. Sadagopan can take life insurance policy for his two children.
- Child insurance is suitable for Mr. Sadagopan's wife.
- Mr. Sadagopan should take fire insurance policy to protect his factories from loss due to fire.
Banking and Finance
- Shirish must be operating a current account.
- Shirish will have to pay interest on the loan of Rs. 25 lacs.
- The bank made available the discounting bill facility to ease M/s. Creative Furnitures.
Consumer Rights
- The right represented is the Right to Information.
- If the product has a deficiency, the consumer can seek redressal in a consumer court.
- The act is the Consumer Protection Act.
Corporate Social Responsibility
- The provision of Section 135 is applicable in case of CSR activities.
- The company needs to spend 2% of its net profit on CSR activities.
Business and Commerce
- Fair practices on the stock exchange are regulated by SEBI.
- A commercial bank is a type of bank that provides basic banking services.
- Demand deposits are funds that can be withdrawn at any time.
Management Principles and Concepts
- The principle of unity of command states that an employee should receive orders from only one supervisor.
- Outsourcing is the practice of contracting with another company to perform a task.
- Controlling is a management function that involves monitoring and correcting deviations.
- Business services are services that support business operations.
- A principle of management is a fundamental truth that guides management practices.
And so on...
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Description
Test your knowledge on management functions and business operations with these questions. Identify the roles of Navnath and Jagannath, and understand the functions of management such as organizing, staffing, and coordinating.
