Revision Notes For Class 11 Business Studies Chapter 4 Business Services

Business services is the 4th chapter in the class 11 Business Studies. All the concepts in this chapter is intricately explained in a student friendly manner. This chapter is incorporated with different concepts, such as – Meaning of service sector, nature of services, types of services – business services, social services and personal services, categories of business services, banking – Commercial banks, co- operative banks, specialised banks and central banks, functions of commercial banks, e- banking, Insurance, its functions and principles, types of insurance, postal services etc.,

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Frequently asked Questions on CBSE Class 11 Business Studies Notes Chapter 4: Business Services

What is a ‘Global Enterprise’?

Global enterprises are those enterprises which has its headquarters in one country but operate their business in many countries.

What are the different types of ‘Banks’ in India?

1. Central Bank.2. Cooperative Banks.3. Commercial Banks.4. Regional Rural Banks (RRB)5. Local Area Banks (LAB)6. Specialized Banks.7. Small Finance Banks.8. Payments Banks.

What are the types of ‘Insurance’?

1. Health Insurance.2. Motor Insurance.3. Home Insurance.4. Fire Insurance.5. Travel Insurance.

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