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Business Support Services — Syllabus

NIOS · Class 12 · Business Studies

What Business Support Services covers in NIOS Class 12 Business Studies: 4 topics, for the 2026-27 session. Topics include Introduction to Business.

45 questions24 flashcards5 concepts

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A flowchart illustrating the three main categories of commercial bank functions: Primary, Agency, and General Utility, with examples for each.
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4 Topics · NIOS Class 12 Business Studies · 2026-27

Topics in Business Support Services

1

1. Introduction to Business Support Services

  • Business Support Services are activities that act as auxiliaries to trade and facilitate smooth functioning of business
  • They bridge the gap between production and consumption of goods
  • Include five main services: Banking, Insurance, Transportation, Communication, and Warehousing
2

2. Banking Services

  • Banking refers to various services provided by banks including acceptance of deposits, grant of loans and advances, and supplementary financial services
  • Bank is an institution that deals in money and credit, acting as intermediary between depositors and borrowers
  • Banking Regulation Act 1949 defines banking as accepting deposits and lending or investing money for profit
3

3. Insurance Services

  • Insurance is protection from financial loss through a contract between insured and insurer
  • Insurer compensates insured for risk of loss or damage on happening of certain events
  • Insurance Policy is the document containing the insurance contract
4

4. Transportation Services

  • Transportation is the process of carrying goods and passengers from one place to another
  • Creates place utility by removing barriers of distance between production and consumption
  • Essential for both domestic and international trade

Key Concepts

Business support services refer to thoseBanking refers to the services providedDifferent types of banks operatePrimary functions includeSecondary functions fall into two categories

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Frequently Asked Questions

What are the important topics in Business Support Services for NIOS Class 12 Business Studies?
Key topics in Business Support Services include Introduction to Business Support Services, Banking Services, Insurance Services, Transportation Services. Study these first, then practise questions on each for the NIOS Class 12 board exam.
How should I revise Business Support Services for the NIOS Class 12 board exam?
Learn the core ideas first, then work through the 45 practice questions on Business Support Services. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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