(i) There is no need to carry cash.
(ii) It can be used for withdrawal of Cash from ATM.
(iii) This card is more useful in Purchase of goods and services anywhere in India.

Trade is an essential part of commerce. The term 'Trade' is used to denote buying and selling.

Chartered company, statutory company, public limited company, private limited company and government company are some of the different types of Companies.

Health insurance policy is a contract between an insurer and an individual or group, in which the insurer agrees to provide specified health insurance at an agreed upon price (premium).

A departmental undertaking is established either as a separate full - fledged ministry or as a major sub-division of a ministry (i.e. department) of the Government.

Huge finance is required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks. They are also called industrial banks.

Improvement in Balance of Payment Position:
i. MNCs help the host countries to increase their exports.
ii. As such, they help the host country to improve upon its Balance of Payment position
Improvement in Standard of Living:
By providing super quality products and services, MNCs help to improve the standard of living of people of host countries.

The term 'transport' includes all the clerical, mental and manual occupation involved in the operation of road, rail, canal, sea and air transport.

Business refers to any human activity undertaken on a regular basis with the object to earn profit through production, distribution, sale or purchase of goods and services.

The Person who enters into the partnership are individually called Partners and collectively known as 'Firm'.

Warehouses render invaluable services to the society by performing the following functions:
(i) Storage
(ii) Price stabilization
(iii) Equalization of demand and supply

According to Sir Horace Plunkett, Co-operation is "better farming, better business and better living".

Educational, medical, hospitality are the services included in service businesses.

Barter system refers to a system where "Goods were exchanged for goods prior to invention of money".

The non-corporate enterprises are sole trading concern, partnership firm and Joint hindu family business.