11th Commerce - Book Back Answers - Chapter 13 - English Medium Gudies

 

  

 

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Tamil Nadu Board 11th Standard Commerce - Chapter 13: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 13 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce  Chapter 13 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Chapter 13: WAREHOUSING

I. Choose the correct answer

1. Warehouses remove the hindrance of ______________
a) Person
b) Time
c) Risk
d) Knowledge
Answer key:
b) Time

2. A warehouse holds goods as a __________ center.
a) Marketing
b) sorting
c) distribution
d) selling
Answer key:
c) distributi

3. ________can be given as a collateral security for getting financial assistance from bank.
a) Dock warrant
b) Warehouse receipt
c) Dock receipt
d) Warehouse warrant
Answer key:
d) Warehouse warrant

4. _________warehouses are licensed by the government and are permitted to accept the goods on bond.
a) Bonded
b) Cold Storage
c) Public
d) All the Above
Answer key:
a) Bonded

5. _________ warehouses are used for storing perishable goods like fruits, vegetables etc.
a) Bonded
b) Private
c) Cold storage
d) Co-operative
Answer key:
c) Cold storage

II. Very Short answer questions

1. What is Warehouse?

• It is a place where goods are stored for future use and act as distribution centres.
• Warehouses are designed depending upon the nature of the products to be stored.

2. List the various types of warehouses.
    A. On the Basis of Ownership

• Private Warehouses
• Government Warehouses
• Public Warehouses

    B. On the Basis of Commodities Stored

• General Warehouses
• Special Commodity Warehouses
• Cold Storages

3. Give any two functions of warehouses.

• Storage
• Price Stabilization
• Risk bearing
• Business Finance

4. Give a note on FCI.

• It provides storage facilities for food grains.
• Food Corporation of India also hires storage capacity from other sources such as Central  Warehousing Corporation
• The FCI was set-up under the Food Corporation Act 1964

III. Short answer questions

1. Differentiate the warehouse warrant from the warehouse receipt. (any 3)

 

2. Explain Cold storage warehouse.

• Goods are transported in refrigerated containers and stored in refrigerated warehouses.
• These warehouses are used for storing perishable goods like fruits, vegetables, eggs, butter, fish, meat, etc.
• Goods stored in cold storages without deterioration in quality, can be made available throughout  the year.

 

IV. Long answer questions

1. Explain the different types of warehouses. (any 5)
Private Warehouses

• Private warehouses are built and owned by private business enterprises in order to store the  products produced by them.

Government Warehouses

• They are created and operated by the Government to implement the programmes of the Government.

Public Warehouse

• It is open for public at large.
• Most of the business organisations, especially small and medium scale units cannotafford to have their own warehouses.

General Warehouses

• They are ordinary warehouses which are useful for storing most of the dry food grains, fertilisers.

Automated Warehouses

• Automated facilities which can handle several hundreds of kilograms of product at a time.

2. Explain the advantages of warehousing.

• It safeguards the stock of the merchants who do not have storing place.
• Warehouses reduce distribution cost of the traders by storing the goods in bulk and allow the trader to take the goods in small lots to his shop.
• It helps in selection of channel of distribution.
• It assists in maintaining the continuous sales and avoids the possibilities of “out of stock” position.
• It creates employment opportunities for both skilled and unskilled workers, to improve their standard of living.