PROGRAMMED LEARNING MATERIAL

COMMERCEREENA KUMARI14162045B.Ed2014-15

CONTENT INSTRUCTIONS This content basically tells about content

related things In this 5 questions are their for student

knowledge In questions 4 options are their

CONTENT OBJECTIVE -1 Student able to differiate between internal

trade and foreign trade Student able to classify the types of industry Student able to define the meaning of

commerce Student able to find out different activities in

business

CONTENT OBJECTIVE -2 Student able to define the term warehouse Student able to state the types of warehouse Student able to differentiate warehouse Student able to explain the different point of

view in warehouse

CONTENT OBJECTIVE-3 Student able to classify the principles of

insurance Student able to state the meaning of

insurance Student able to classify types of warehouse Student able to discuss the other types of

warehouse

CONTENT ANALYSIS-1 BUSINESS STRUCTURE Introduction: The activities done with the

purpose of profit. Classification:Industry,commerce Industry: The business activity taken place in

manufacturing. Types of

industries:primary,secondary,tertiary Commerce: it include trade and auxiliary

services Trade: exchange of goods and services Types of trade: Internal and foreign .internal

include wholesale and retail, foreign include import and export.

CONTENT ANALYSIS-2 WAREHOUSING Introduction: If goods are not sold and consumed

after the production then they stored in warehouse. Meaning: It refers to storage of goods. they do not

produce anything but they generate utility. Types: on the basis of ownership: private are owned by them and public

owned by individual or institute. Custom duty: custom duty paid can be public or

private and bonded is the custom duty not been paid on imported goods.

Utility : general provides the services to all types of goods and special services require for storage,maintence and protection.i.e chemical goods

CONTENT ANALYSIS-3INSURANCE SERVICE

Meaning: It is contract between two parties, where the insured gets the promise from insurer in the premium amount .

Principles: Principle of utmost good faith: parties have to provide all the related

information to each other. Principle of indemnity: the insurer pays that amount which reimburses

the loss suffered by the insured. Principle of insurable interest: if the insured is at gain by the existence

of the insured item and if he is at a loss by its damage .i.e no person can take insurance of other property.

. Types: Life: whole is a contract in which the insurance company promises to

pay the stipulated amount to the heirs of an individual at thre time of his death and endowment is a contract in which the insurance company promises to pay the predetermined amount to an individual at the time of his reaching the stipulated age.

Genral:insurance for transfer of goods is a risk of damage or destruction of goods while transporting them from one place to another are known as marine,air,rail and fire insurance is a contract in which a promise to reimburse the loss or damage to goods and property due to fire and others are due to the innovations and diversification in the field of insurance

TEST FOR KNOWLEGE

Q-1

Q-2 Q

-3Q-4

Q-5

QUESTIONSCONTENT -1 Trade means1. Exchange of goods and services2. Manufacturing3. Distribution4. production

Which type industries are engaged in their production activities

1. Secondary2. Tertiary3. Primary4. commerce

Trading that takes place with1. Purpose of resale2. Purpose of earning profit3. Purpose of repurchase4. Purpose of loss

Trading that takes place within the boundaries of a country is known as

1. Foreign trade2. Multinational trade3. International trade4. Internal trade

Trading that takes place across the boundaries of a country

1. Foreign trade2. Internal trade3. International trade4. Multinational trade

TEST YOUR KNOWLEGE

Q-1 Q-2 Q-3 Q-4 Q-5

CONTENT -2 As goods are not sold and consumed just

after production they are to be stored in 1. Company2. Warehouse3. Industry4. go down

Warehouse is owned by an indidual is called as

1. Private warehouse2. Public warehouse3. Bonded warehouse4. General warehouse

A warehouse that require special services for storage , maintenance and protection is called as

1. Special warehouse2. Custom duty paid warehouse3. Special warehouse4. Exercise duty paid warehouse

Imported goods on which custom duty has not been paid is stored is called as

1. Bonded warehouse2. Public warehouse3. Private warehouse4. General warehouse

Goods which do not require special service for storage is called as

1. Private warehouse2. Public warehouse3. Special warehouse4. General warehouse

TEXT YOUR KNOWLEGE

Q-1 Q-2 Q-3 Q-4 Q-5

CONTENT -3 A written contract between two parties under

which the insured gets the promise from insurer in exchange of premium amount this service is known as

1. Credit card2. Demand draft3. Insurance4. overdraft

Parties entering into ordinary contracts will have to remain alert according to general contract act this principal states about

1. Principle of indemnity2. Principle of insurable interest3. Principle of utmost good faith4. Principle of trust

Insurance contract is made for reimbursing the loss suffered by the insured this principle states about

1. Principle of indemnity2. Principle of insurable trust3. Principle of utmost good faith4. Principle of honesty

A contract in which the insurance company promises to pay the stipulated amount to the heirs of an individual at the time of his death this insurance states about

1. General insurance2. Endowment insurance3. Whole life insurance4. Fire insurance

A contract in which a promise to reimburse the loss or damage to goods and property due to fire this insurance states that

1. Fire insurance2. Others3. Air insurance4. Marine insurance