This document provides programmed learning material on commerce for students pursuing a B.Ed. It includes three content objectives that aim to teach students about internal and foreign trade, types of industries and commerce, warehouses, and insurance principles and types. The material contains definitions, classifications, and analyses related to business structure, warehousing, and insurance services. It also includes multiple choice questions to test student knowledge on the topics.

1. PROGRAMMED LEARNING MATERIAL
COMMERCE
REENA KUMARI
14162045
B.Ed
2014-15

2. 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

3. 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

4. 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

5. 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

6. 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.

7. 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

8. CONTENT ANALYSIS-3
INSURANCE 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

9. TEST FOR KNOWLEGE
Q-
1
Q
-2
Q
-3
Q
-4
Q
-5

10. QUESTIONS
CONTENT -1
 Trade means
1. Exchange of goods and services
2. Manufacturing
3. Distribution
4. production

11.  Which type industries are engaged in their
production activities
1. Secondary
2. Tertiary
3. Primary
4. commerce

12.  Trading that takes place with
1. Purpose of resale
2. Purpose of earning profit
3. Purpose of repurchase
4. Purpose of loss

13.  Trading that takes place within the boundaries of a
country is known as
1. Foreign trade
2. Multinational trade
3. International trade
4. Internal trade

14.  Trading that takes place across the boundaries of a
country
1. Foreign trade
2. Internal trade
3. International trade
4. Multinational trade

17. TEST YOUR KNOWLEGE
Q-1 Q-2 Q-3 Q-4 Q-5

18. CONTENT -2
 As goods are not sold and consumed just after
production they are to be stored in
1. Company
2. Warehouse
3. Industry
4. go down

19.  Warehouse is owned by an indidual is called as
1. Private warehouse
2. Public warehouse
3. Bonded warehouse
4. General warehouse

20.  A warehouse that require special services for
storage , maintenance and protection is called as
1. Special warehouse
2. Custom duty paid warehouse
3. Special warehouse
4. Exercise duty paid warehouse

21.  Imported goods on which custom duty has not been
paid is stored is called as
1. Bonded warehouse
2. Public warehouse
3. Private warehouse
4. General warehouse

22.  Goods which do not require special service for
storage is called as
1. Private warehouse
2. Public warehouse
3. Special warehouse
4. General warehouse

25. TEXT YOUR KNOWLEGE
Q-1 Q-2 Q-3 Q-4 Q-5

26. 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 card
2. Demand draft
3. Insurance
4. overdraft

27.  Parties entering into ordinary contracts will have to
remain alert according to general contract act this
principal states about
1. Principle of indemnity
2. Principle of insurable interest
3. Principle of utmost good faith
4. Principle of trust

28.  Insurance contract is made for reimbursing the loss
suffered by the insured this principle states about
1. Principle of indemnity
2. Principle of insurable trust
3. Principle of utmost good faith
4. Principle of honesty

29.  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 insurance
2. Endowment insurance
3. Whole life insurance
4. Fire insurance

30.  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 insurance
2. Others
3. Air insurance
4. Marine insurance