Economics Chapter Quiz Questions! Trivia

20 Questions | Total Attempts: 61

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Economics Quizzes & Trivia

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Questions and Answers
  • 1. 
    Which of the following expresses Maslow’s Motivation Theory          best ?  
    • A. 

      Importance of motivation of customer development

    • B. 

      Why people are driven by particular need at particular times

    • C. 

      Where human needs are arranged in a hierarcy

    • D. 

      All of these

    • E. 

      Only 2 and 3

  • 2. 
    SWOT   analysis refers to  
    • A. 

      Marketing tool to understand constraints and potentials of self and competitor

    • B. 

      External environment analysis

    • C. 

      Internal environment analysis

    • D. 

      Strategic planning for selling product

    • E. 

      South-West organization for trade

  • 3. 
    Which of the following forms the highest share in household          savings in India ?
    • A. 

      Deposits

    • B. 

      Currency

    • C. 

      Share & Debentures

    • D. 

      Real estate

    • E. 

      Physical asset

  • 4. 
    When you desire to promote a customer, who of the following          is a customer as defined by a bank ?  
    • A. 

      A person regularly visiting bank

    • B. 

      A person regularly getting bank drafts issued

    • C. 

      A person regularly maintaining a loan/deposit account

    • D. 

      A person regularly getting bank drafts encashed

    • E. 

      A person functioning as agent for a person maintaining a deposit Account

  • 5. 
    I understand marketing as ________
    • A. 

      Only selling

    • B. 

      Meeting human and social needs profitably

    • C. 

      To focus on customer

    • D. 

      To focus only on producing goods/service

    • E. 

      Only 2 and 3

  • 6. 
    For an economic organization like bank.  MIS means_____
    • A. 

      Middle Income Scheme

    • B. 

      Management Information System

    • C. 

      Management of Information & Science

    • D. 

      Marketing Information System

    • E. 

      Only 2 and 3

  • 7. 
    The balance sheet of an organization gives information          regarding______  
    • A. 

      Result of operations for particular period

    • B. 

      The financial position as on a particular date

    • C. 

      The operating efficiency of the firm

    • D. 

      Financial position during a particular period

    • E. 

      The operating health of the firm

  • 8. 
    Effecting Marketing helps in  
    • A. 

      Boosting the purchases

    • B. 

      Boosting the sales

    • C. 

      Diversified business

    • D. 

      Realization of dreams

    • E. 

      All of these

  • 9. 
    A ‘Buyer’s Market’ means
    • A. 

      Buyers are also sellers

    • B. 

      Sellers are also buyers

    • C. 

      There are no sellers

    • D. 

      Demand exceeds supply

    • E. 

      Supply exceeds demand

  • 10. 
    The sequence of a sales process
    • A. 

      A call, a lead, presentation and sale

    • B. 

      A lead, a call, presentation and sale

    • C. 

      Presentation, sale, lead and call

    • D. 

      Presentation, lead, sale and call

    • E. 

      Sale, call, lead and presentation

  • 11. 
    A presentation means  
    • A. 

      Display of products

    • B. 

      Explaining the utility of product

    • C. 

      A gift

    • D. 

      Display of communication skills

    • E. 

      All of these

  • 12. 
    Value-added services means
    • A. 

      Giving full value for money

    • B. 

      Better value for better price

    • C. 

      Costlier service

    • D. 

      Additional service

    • E. 

      All of these

  • 13. 
    ‘Niche’ Market means  
    • A. 

      A free market

    • B. 

      A social market

    • C. 

      Equity market

    • D. 

      Capital market

    • E. 

      A specified market for the target group

  • 14. 
    A Market Plan is  
    • A. 

      Company’s prospectus

    • B. 

      Same as Memorandum of Association

    • C. 

      A document of marketing strategies

    • D. 

      Business goals

    • E. 

      Action plan for better production

  • 15. 
    Competition helps to
    • A. 

      Diminish sales

    • B. 

      Boost sales

    • C. 

      Neutral effect

    • D. 

      All of these

    • E. 

      None of these

  • 16. 
    Negotiation skills help in
    • A. 

      Arriving at a consensus

    • B. 

      Breaking the ice

    • C. 

      Carry marketing further

    • D. 

      Mutual win-win result of bargaining

    • E. 

      All of these

  • 17. 
    Good Public Relations indicate
    • A. 

      Improved Marketing skills

    • B. 

      Improved Brand Image

    • C. 

      Improved Customer Service

    • D. 

      All of these

    • E. 

      None of these

  • 18. 
    Market Plan is
    • A. 

      An action plan for day-to-day marketing

    • B. 

      Effective selling steps

    • C. 

      Effective buying steps

    • D. 

      A comprehensive documents for marketing strategies

    • E. 

      All of these

  • 19. 
    Target group means
    • A. 

      All employees

    • B. 

      Short-listed group

    • C. 

      All the marketing staff

    • D. 

      Sales representatives

    • E. 

      Group of people likely to buy the identified product

  • 20. 
    The target group for Home Loans are
    • A. 

      Individuals

    • B. 

      Salaried persons

    • C. 

      Businessmen

    • D. 

      Professionals

    • E. 

      All of these