MCQOPTIONS
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MCQOPTIONS
This section includes 1588 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
A contract of sale includes |
| A. | a sale |
| B. | an agreement to sell |
| C. | transfer of gift and guarantee |
| D. | Both (a) and (b) |
| E. | None of the above |
| Answer» E. None of the above | |
| 302. |
A contract of sale may be |
| A. | absolute or conditional |
| B. | Unauthorised |
| C. | unconditional |
| D. | All of these |
| E. | None of these |
| Answer» B. Unauthorised | |
| 303. |
The concept of selling is different from marketing and aims at profit maximization through. [SBI Clerk 2012] |
| A. | Increasing sales volume of quality products |
| B. | Customer satisfaction |
| C. | Solution of customer problems |
| D. | Satisfaction of customer needs |
| E. | Innovation and market research |
| Answer» B. Customer satisfaction | |
| 304. |
Prospect is also known as |
| A. | Stable customer |
| B. | fickle customer |
| C. | Potential customer |
| D. | loyal customer |
| E. | None of the above |
| Answer» D. loyal customer | |
| 305. |
Which of the following includes the stage of personal selling? |
| A. | Prospecting |
| B. | Making first contact |
| C. | Sales call |
| D. | Objection handling |
| E. | All of the above |
| Answer» F. | |
| 306. |
Which is the function of personal selling? |
| A. | Making effective sales |
| B. | Executive function |
| C. | Service to customer |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 307. |
Personal selling consists of |
| A. | Personal communication and advertising |
| B. | Individual relation |
| C. | Sales promotion |
| D. | All of the above |
| E. | None of the above |
| Answer» F. | |
| 308. |
Personal selling involves ....... interaction of salesman with the individuals. |
| A. | direct |
| B. | Indirect |
| C. | Instant |
| D. | Close |
| E. | None of these |
| Answer» B. Indirect | |
| 309. |
In order to qualify the prospects, one needs to |
| A. | Plan a sales approach |
| B. | determine the products meeting the need |
| C. | rank the prospect |
| D. | All of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 310. |
Personal selling is a .......... communication. |
| A. | one way |
| B. | two way |
| C. | Single way |
| D. | many to one way |
| E. | None of the above |
| Answer» C. Single way | |
| 311. |
Marketing and selling are |
| A. | not required if profit is high |
| B. | not required if sales are high |
| C. | not required in monopolistic conditions |
| D. | All of the above |
| E. | None of the above |
| Answer» F. | |
| 312. |
In a selling process in today's world [SBI Clerk 2008] |
| A. | only standard products are sold |
| B. | no customization required |
| C. | the seller need not have product knowledge |
| D. | the seller should aim at customer satisfaction |
| E. | Only quantum of sales matters |
| Answer» E. Only quantum of sales matters | |
| 313. |
Merit of personal selling includes |
| A. | Pinpoints prospects |
| B. | helps close the sale |
| C. | time coordination |
| D. | demonstrates the product |
| E. | All of the above |
| Answer» F. | |
| 314. |
In the personal selling process,.........and ....... are involved. |
| A. | Producer, seller |
| B. | buyer, producer |
| C. | retailer, wholesaler |
| D. | Seller, buyer |
| E. | None of these |
| Answer» E. None of these | |
| 315. |
Product design is a function of? |
| A. | Front-office staff |
| B. | Back office staff |
| C. | Management |
| D. | Marketing and Research team |
| E. | Loan section |
| Answer» E. Loan section | |
| 316. |
Commercialization product is based on? |
| A. | Production |
| B. | Pricing |
| C. | Wages |
| D. | Test marketing of product |
| E. | Plan |
| Answer» E. Plan | |
| 317. |
Product identification involves? |
| A. | Warranty/guarantee |
| B. | Branding/Brand |
| C. | Packaging |
| D. | Labelling |
| E. | All of these |
| Answer» F. | |
| 318. |
In product development stage? |
| A. | High profit policy is required |
| B. | High product price policy is required |
| C. | Marketing strategy is not required |
| D. | All of these |
| E. | None of these |
| Answer» D. All of these | |
| 319. |
MRO is |
| A. | Money rate over |
| B. | Maintenance repair and operating |
| C. | More rate over |
| D. | All of these |
| E. | None of these |
| Answer» C. More rate over | |
| 320. |
Marketing of goods experimentally in several carefully. Selected areas before releasing them on a wide scale is known as? |
| A. | Sampling |
| B. | Segmentation |
| C. | Segregating |
| D. | Test marketing |
| E. | Grading |
| Answer» E. Grading | |
| 321. |
Innovation means? |
| A. | Compensation |
| B. | Inspiration |
| C. | Additional perquisites |
| D. | Implementing new ideas or new methods |
| E. | None of these |
| Answer» E. None of these | |
| 322. |
Gross domestic product is defined as the value of all? |
| A. | Goods produced in an economy in a year |
| B. | Goods and services produced in an economy in a year |
| C. | Final goods produced in an economy in a year |
| D. | Final goods and services produced in an economy in a year |
| Answer» E. | |
| 323. |
Net National product of a country is? [SSC"2011] |
| A. | GDP minus depreciation allowances |
| B. | GDP plus net income from abroad |
| C. | GNP minus Net income from abroad |
| D. | GNP minus depreciation allowance |
| Answer» E. | |
| 324. |
National Income is the? |
| A. | Net National product at market price |
| B. | Net National product at factor cost |
| C. | Net Domestic product at market price |
| D. | Net Domestic product at factor cost? |
| Answer» C. Net Domestic product at market price | |
| 325. |
Which one of the following is not a method of estimating National Income? |
| A. | Expenditure Method |
| B. | Product Method |
| C. | Matrix Method |
| D. | Income Method |
| Answer» D. Income Method | |
| 326. |
The abbreviation 'GDP' stands for [IBPS, 2014] |
| A. | Gross Domestic product |
| B. | Globally Dominant person |
| C. | General Domestic position |
| D. | Gross Depository position |
| Answer» B. Globally Dominant person | |
| 327. |
An individual actual standard of living can be assessed by? |
| A. | Gross National Income |
| B. | Net National Income |
| C. | Per Capita Income |
| D. | Disposable Personal Income |
| Answer» E. | |
| 328. |
Rate of growth of an economy is measured in terms of? [SSC. 2014] |
| A. | Per capita income |
| B. | Industrial development |
| C. | Number of people who have been lifted above the Poverty line |
| D. | National income |
| Answer» B. Industrial development | |
| 329. |
Increased interest rates as is existing in the economies at present will [IBPS P.O. 2012] |
| A. | Lead to higher GDP growth |
| B. | Lead to lower GDP growth |
| C. | Mean higher cost of raw material |
| D. | Mean lower cost of raw material |
| E. | Mean higher wage bill |
| Answer» D. Mean lower cost of raw material | |
| 330. |
Which of the following is not required while computing GNP? [SSCS.O. 2005] |
| A. | Net foreign investment |
| B. | Private investment |
| C. | Per capita income of citizens |
| D. | Purchase of goods by government |
| Answer» D. Purchase of goods by government | |
| 331. |
In calculating National Income which of the following is included? [SSC Tax. Assistant 2005] |
| A. | Services of housewives |
| B. | Pensions |
| C. | Income of smugglers |
| D. | Income of watchmen |
| Answer» E. | |
| 332. |
The term "Green GNP" emphasizes? [SSC Tax Assistant 2006] |
| A. | Rapid growth of GNP |
| B. | Increase in per capital income |
| C. | Economic development |
| D. | Sustainable development |
| Answer» C. Economic development | |
| 333. |
The national income consists of a collection of goods and services reduced to common basis by being measured in the term of money"? who say this? [SSC CGL 2007] |
| A. | Samuelson |
| B. | Kuznets |
| C. | Hicks |
| D. | Pig-out |
| Answer» C. Hicks | |
| 334. |
Who prepared the first estimate of National income for the country? [SSC CGL 2008] |
| A. | Central statistical organization |
| B. | National income committee |
| C. | Dada Bhai Navroji |
| D. | National sample survey organization |
| Answer» D. National sample survey organization | |
| 335. |
Personal Disposable income is? [SSC CGL 2008] |
| A. | Always equal to personal income |
| B. | Always more than personal income |
| C. | Equal to personal income minus indirect taxes |
| D. | Equal to personal income minus direct taxes |
| Answer» E. | |
| 336. |
Which of the following is not included in National Income? [SSC CGL 2008] |
| A. | Imputed rent of owner-occupied houses |
| B. | Government expenditure on making new bridges |
| C. | Winning a lottery |
| D. | Commission paid to an agent for sale of houses |
| E. | |
| Answer» D. Commission paid to an agent for sale of houses | |
| 337. |
The total value of goods and services produced in a country during a given period is? [SSC 2011] |
| A. | Disposable income |
| B. | National income |
| C. | Per capita income |
| D. | Net national income |
| Answer» C. Per capita income | |
| 338. |
GDP at factor cost is? [SSC Tax Assistance 2008] |
| A. | GDP minus indirect taxes plus subsidies |
| B. | GDP minus depreciation allowances |
| C. | NNP plus depreciation allowances |
| D. | GDP minus subsidies plus indirect taxes |
| Answer» B. GDP minus depreciation allowances | |
| 339. |
In terms of economics, the total value of the output (goods and services) produced and income received in a year by domestic residents of a country put together is called? (B.O.M. 2009) |
| A. | Net National Product |
| B. | Gross National Product |
| C. | Gross National Income |
| D. | National Income |
| Answer» C. Gross National Income | |
| 340. |
During period of inflation, tax rates should? |
| A. | Increase |
| B. | Decrease |
| C. | Remain constant |
| D. | Fluctuate |
| Answer» B. Decrease | |
| 341. |
Inflation redistributes income and wealth in favor of? |
| A. | Pensioners |
| B. | Poor |
| C. | Middle class |
| D. | Rich |
| Answer» E. | |
| 342. |
Which of the following is not a "Money market Instrument"? |
| A. | Treasury Bills |
| B. | Commercial papers |
| C. | Certificate of Deposits |
| D. | Equity shares |
| E. | None of these |
| Answer» E. None of these | |
| 343. |
In the global financial market 'CP7 is a money market instrument issued as an unsecured promissory note with a fixed maturity of no more than 270 days. The alphabet 'C' in the abbreviation CP stands for? [NIACL Asst. 2015] |
| A. | Certificate |
| B. | Capital |
| C. | Commercial |
| D. | Commodity |
| Answer» D. Commodity | |
| 344. |
One rupee currency note bears the signature of? [SBI Clerk 2014] |
| A. | President of India |
| B. | Finance secretary |
| C. | Finance Minister |
| D. | Commerce Minister |
| Answer» C. Finance Minister | |
| 345. |
CP is an unsecured money market instrument issued in the form of a promissory note. In the abbreviation CP letter 'P" stands for? [IBPS 2014] |
| A. | Paper |
| B. | Portfolio |
| C. | Payment |
| D. | Position |
| Answer» B. Portfolio | |
| 346. |
The major aim of devaluation is to? |
| A. | Encourage imports |
| B. | Encourage exports |
| C. | Encourage both exports & imports |
| D. | Discourage both exports and imports |
| Answer» C. Encourage both exports & imports | |
| 347. |
The outcome of "devaluation of currency" is? [SSC Tax Assistant 2006] |
| A. | Increased export and improvement in balance of payment |
| B. | Increased export and foreign reserve deficiency |
| C. | Increased import and improvement in balance of payment |
| D. | Increased export and import |
| Answer» B. Increased export and foreign reserve deficiency | |
| 348. |
The process of curing inflation by reducing money supply is called? [SSC S.0.2008] |
| A. | Cost push inflation |
| B. | Demand pull inflation |
| C. | Disinflation |
| D. | Reflation |
| Answer» D. Reflation | |
| 349. |
When too much money is choosing two few goods, the situation is? |
| A. | Deflation |
| B. | Inflation |
| C. | Recession |
| D. | Stagflation |
| Answer» C. Recession | |
| 350. |
Devaluation of currency leads to? |
| A. | Expansion of export trade |
| B. | Contraction of import trade |
| C. | Expansion of import substitution |
| D. | All of the above [SSCS.O. 2008] |
| Answer» E. | |