Electronic Banking Services are the special services under the Internet Banking or E-banking, like providing debit card, use of credit card, NEFT, RTGS etc.
Insurance is an auxiliary to trade, removing the hindrance in trade. Is has gained special importance in modern business involving a large investment in variety of assets. It is also the biggest service industry rarely going into losses.
Banks perform variety of functions besides accepting deposits and granting loans and advances. Banks usually help the customers by opening saving deposit account, current deposit account, fixed deposit account and recurring deposit account apart from the combination of the saving and fixed deposit accounts.
Bank plays an important role in the development of business as well as in the economic development of the country . Banks are of many types:central bank, commercial banks, private as well as public sector banks.
Transportation is an auxiliary to trade that helps in taking goods and people from one place to another, solving the problems of shortage and surplus and maintaining the price stability.
Warehousing is one of the important auxiliaries to trade. ‘Warehousing’ refers to the activities involving storage of goods on a large scale in a systematic and orderly manner and making them available conveniently when needed.
Q. Explain the difference between goods and services. Q. What is banking? Q. What is meant by insurance? Q. Explain the two main functions of banking.
Q. Explain the different types of warehouse