Students can Download Commerce Chapter 13 Warehousing Questions and Answers, Notes Pdf, Samacheer Kalvi 11th Commerce Book Solutions Guide Pdf helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations.
Samacheer Kalvi 11th Commerce Solutions Chapter 13 Warehousing
Samacheer Kalvi 11th Commerce Warehousing Textbook Exercise Questions and Answers
I. Choose the Correct Answer
Question 1.
Warehouses removes the hindrance of ………………
(a) Person
(b) Time
(c) Risk
(d) Knowledge
Answer:
(b) Time
Question 2.
A warehouse holds goods as a ……………… center.
(a) Marketing
(b) Sorting
(c) Distribution
(d) Selling
Answer:
(c) Distribution
Question 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:
(d) Warehouse warrant
Question 4.
……………… warehouses are licensed by the government and are permitted to accept the goods on bond.
(a) Bonded
(b) Cold Storage
(c) Public
(d) None of these
Answer:
(d) None of these
Question 5.
……………… warehouses are used for storing perishable goods like fruits, vegetables etc.
(a) Bonded
(b) Private
(c) Cold storage
(d) Co – operative
Answer:
(c) Cold storage
Question 6.
The document which authorizes to deliver the goods either in part or full is called ………………
(a) Warehouse warrant
(b) Dock receipt
(c) Dock warrant
(d) None of these
Answer:
(c) Dock warrant
Question 7.
The Institutional warehouse started with the support of the government is ………………
(a) Bonded warehouse
(b) Public warehouse
(c) Food Corporation of India
(d) Custom bonded
Answer:
(c) Food Corporation of India
II. Very Short Answer Questions
Question 1.
What is Warehouse?
Answer:
It means a storage place or godown which is located near a factory to keep the raw materials and finished products’.
Question 2.
List the various types of Warehouses.
Answer:
- On the Basis of Ownership – Private, Public
- On the Basis of Commodities stored – General
Question 3.
Give any three functions of Warehouses.
Answer:
- Storage: The surplus goods are stored properly for the purpose of supplying them at the right place and at the right time.
- Price Stabilization: Warehousing ensures price stabilization by supplying goods as and when demanded.
- Equalization of Demand and Supply: Warehousing equalizes the demand and supply of goods by storing the goods when they are not demanded and releasing them when they are demanded.
Question 4.
Tabulate the three differences between warehouse warrant and warehouse receipt.
Answer:
Warehouse Warrant:
- It is a document of title of goods.
- It is not only an acknowledgment for the receipt of goods but also gives an authority to get delivery of goods by the owner or by the third party.
- It can be negotiated or transferred to others.
Warehouse Receipt:
- It is not a document of title of goods.
- It is only an acknowledgment for the receipt of goods.
- It cannot be transferred to others.
Question 5.
Give a note on FCI.
Answer:
Food Corporation of India also hires storage capacity from other sources such as Central Warehousing Corporation, Stale Warehousing Corporation, and private parties. FCI was set-up under the food corporation act 1964.
III. Short Answer Questions
Question 1.
Differentiate the warehouse warrant from the warehouse receipt.
Answer:
Warehouse Warrant:
- It is a document of title of goods.
- It is not only an acknowledgment for the receipt of goods but also gives an authority to get delivery of goods by the owner or by a third party.
- It can be negotiated or transferred to others.
Warehouse Receipt:
- It is not a document of title of goods.
- It is only an acknowledgment for the receipt of goods.
- It cannot be transferred to others.
Question 2.
Comment on cold storage warehouse.
Answer:
Goods are transferred in refrigerated containers and stored in a refrigerated warehouses. These warehouses are used for storing perishable goods like fruits, vegetables, eggs, butter, fish, meat, etc. Goods stored in cold storage without deterioration in quality can be made available throughout the year.
IV. Long Answer Questions
Question 1.
Explain the different types of warehouses A. On the Basis of Ownership
Answer:
Warehouses can be classified as follows:
A. On the Basis of Ownership
1. Private Warehouses:
Private warehouses are built and owned by private business enterprises in order to store the products produced by them. They are exclusively for their use and are not meant for other manufacturing or business units.
2. Government Warehouses:
They are created and operated by the Government to implement the programmes of the Government. Their sendees are mostly available to the government only.
3. Public Warehouse:
It is open to the public at large. Most business organisations, especially small and medium scale units cannot afford to have their own warehouses. They may be owned by an individual or some agency. These warehouses operate as per the rules and regulations formed by the Government.
4. Co-operative Warehouses:
There are warehouses owned and managed by the marketing co-operative societies or agricultural co-operative societies. They are set up to provide warehousing facilities to their members. For example, National Co-operative Development Corporation (NCDC).
5. Bonded Warehouses:
Bonded warehouses are those warehouses, which are licensed by the government to accept the storage of imported goods which are not cleared due to non-payment of customs duty by the importer. Branding can be undertaken in the warehouse itself. Bank loans can be obtained by submitting the receipt issued by these warehouses as collateral security. Strict supervision and control is imposed by customs authorities on their operation and functioning
6.Institutional Warehouses:
Different institutions and bodies have their own warehouses on account of the nature of their operations. For example, Banks, Railways, etc, have their own warehouses for conducting their activities. Various transport agencies also maintain warehouses for storing the goods which are to be despatched and received.
7.Distribution Center Warehouses:
Goods that need to be temporarily stored for one or two days so that they can be distributed to other offices or customers are stored in Distribution Centers. They are owned by the manufacturer or wholesalers.
B. On the Basis of Commodities Stored:
1. General Warehouses:
They are ordinary warehouses which are useful for storing most of the dry food grains, fertilizers, etc. Protective measures against rat, insects, etc. are undertaken by them.
2. Special Commodity Warehouses:
These warehouses are specially constructed for storing a specific type of commodities like tobacco, cotton, wool, etc. These warehouses reduce the loss of quality and quantity to a great extent. Storage of petrol and oil requires a special type of vertical, cylindrical storage tanks.
3.Cold Storages or Refrigerated Warehouses:
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 storage without deterioration in quality can be made available throughout the year.
4. Climate Controlled Warehouses:
The controlled climate environment can reduce the rate of metabolism in fruits and vegetables. Humidity controlled environments for delicate products such as flowers in dirt-free facilities in these warehouses.
5. Automated Warehouses:
Automated facilities which can handle several hundreds of kilograms of product at a time. Inside the warehouse premises, physical distribution activities are carried out by moving product-filled pallets (i.e. platforms that hold large amounts of product). It requires huge investment, latest technology and a large turnover of goods.
Question 2.
Explain the advantages of warehousing functions.
Answer:
- It safeguards the stock for the merchants who do not have a storage place.
- Warehouses reduce the 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 the selection of channels of distribution. The producer will prefer whether to a wholesaler or retailer.
- It assists in maintaining the continuous sale and avoid the possibilities of “Out of Stock”.
- It creates employment opportunities for both skilled and unskilled workers to improve their standard of living.
Samacheer Kalvi 12th Commerce Warehousing Additional Questions and Answers
I. Choose the Correct Answer:
Question 1.
NCDC is an example of ……………. warehouse.
(a) Private
(b) Government
(c) Public
(d) Cooperative
Answer:
(d) Cooperative
Question 2.
The FCI was set up under the Food Corporation Act,
(a) 1964
(b) 1985
(c) 1995
(d) 2013
Answer:
(a) 1964
Question 3.
CWC was established in
(a) 1964
(b) 1957
(c) 1956
(d) 1956
Answer:
(b) 1957
II. Very Short Answer Questions
Question 1.
Give a not on SWC.
Answer:
State Warehousing Corporation (SWC): Every state government is given the power to establish its own Warehousing Corporation after getting approval from the CWC. 50% of the capital is contributed by the CWC and the balance 50% contributed by State Government.
Question 2.
Write a note on TNWC.
Answer:
Tamil Nadu Warehousing Corporation (TNWC) : Tamil Nadu Warehousing Corporation was established in 1959. The available storage capacity of TNWC is 6.83 Lakh MT with 7 Regional offices and 256 Godowns across the state.
III. Long Answer Questions
Question 1.
Explain the warehousing in India.
Answer:
India is an agrarian country but the importance of warehousing was not felt till 1950. Agriculture contributes 16 percent of the overall GDP and accounts for the employment of approximately 52 percent of the Indian population. It is estimated that more than 40 percent of our agricultural .productions wasted due to poor storage facilities.
On the recommendation of the All India Rural Credit Survey Committee, the Agricultural Produce (Development and warehousing) Corporation Act enacted in 1956, authorized the Government to set up the National Co-operative Development and Warehousing Board to develop agricultural Co-operatives and warehousing.
For future Learning
Question a.
The warehouse of the future: How will it impact efficiency?
Answer:
From 2019, new technology could be revolutionary and improving efficiency in the warehouse by Warehousing Management System (WMS). Technologies including artificial intelligence, 3D printing, and self-driving vehicles could be more widely used in warehouses everywhere sooner than you think. By 2030, warehouses will be a part of an initiative to achieve zero net energy. Warehouse buildings will operate 24 x 7 x 365 and be designed with sustainability. By creating strategies, the warehouse will save costs and prevent harmful emissions. Solar panels will become the main sources of energy for warehouses.