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Question Answer Number 1 Answer Number 2 Answer Number 3 Answer Number 4 Correct Answer Number Show the correct answer: Standardization and grading of agricultural products help in decision making relating to buying selling Both buying and selling none of these 3 Infer the difference between assets and liabilities is known as Income statement owner’s equity balance sheet cash flow statement
Show the correct answer: Which of the following process may be used to eliminate unproductive workers during period of falling businesses? Recruitment Downsizing Rightsizing All of these 2 Show the correct answer: B2B ventures are Buyer-to-Buyer Buyer-to-Business Business-to-Buyer Business-to- Business
Show the correct answer: In Marketing terms, the amount of goods/services purchased by one unit of currency is called ……….. Currency power Purchasing Power Value of money Value for money 4 Infer the correct answer among the following: …………. is the systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation. Marketing Research Design research Relevant research Applied research 1 Show the correct answer: Market value of all goods and services produced within a country in a given period GDP GNP NNP None of these 1 Show the correct answer: If marginal benefit is greater than marginal cost, a rational choice involves: More or less, depending on the benefits of other activities No more of activity Less of the activity. More of the activity.
Show the correct answer: A market in which the purchase and sale of a commodity takes places at time t but the exchange of commodity takes place on some specified date in future i.e. time t + 1. spot market cash market forward market none of these 3 Infer the correct answer among the following: Goods which are produced with planning and effort are called Staples Impulse goods Emergency goods Specialty goods 2 Infer the correct answer among the following: MBO stands for Make hold objectives Managing by others Management by objectives My base objective 3 Show the correct answer: Agro-based industries are mainly established in rural areas because of availability of raw material availability of labor absence of pollution in environment low tariff on electricity
Show the correct answer: Standardization and grading of agricultural products help in decision making relating to Buying Selling Both buying and selling none of these 3 Show the correct answer: Difference between assets and liabilities is known as income statement owner’s equity balance sheet cash flow statement
Show the correct answer: HRM stands for Human Resource management Human Relationship Management Human Ring Manager None of these 1 Show the correct answer: SMEDA stands for Small and Medium Entrepreneurship Development Agency Small and Medium Enterprises Development Authority None of the these 2 Show the correct answer: Starting an entrepreneurial firms require New business idea Business Plan Financial Resources and Legal Formalities All of the these 4
Show the correct answer: ____________ is the main organization responsible for seed quality control, certification, and law enforcement. Federal Seed Certification and Registration Department Punjab Seed Corporation Standards and Quality and Control Authority Agricultural Development Authority
Show the correct answer: Which of the following is not a part of planning? gathering information benefit cost analysis developing alternatives none of these 4 Show the correct answer: Under the WTO agreements, countries cannot normally discriminate between their trading partners. If a country reduces customs duty rate for one of their products for one country, then it has to do the same for all other WTO members. This principle of WTO is called most favored nation treatment national treatment trade liberalization non-discrimination 1 Show the correct answer: The law by which company cannot make its product illegally similar to competitor’s product? Anti-monopoly laws Product warranties Product Safety Act Patent law 4 Show the correct answer: Many products are in the ….. stage of product life cycle in a market. Introduction (^) Development Maturity Growth 3 Show the correct answer: Consumers don’t consult and mostly point out products and services ………………. Reluctantly Without help of marketers After advertisement of marketers After consulting friends
Show the correct answer: International companies spend huge amounts of money on advertisement campaigns of new products to create brand and this is called Loyalty Image Awareness Perception 3 Show the correct answer: A strategy in which marketer use already successful brand name to launch new products is called Product line Brand symbol Line extension Brand extension 4
Show the correct answer: In competition between national and private brands, local retailers have the advantages of controlling …….. What products will be stocked What price will be charged Where products will be stocked All of them 4 Show the correct answer: Concept of new product development always starts with________________ Idea generation Product development Product screening Test marketing 1 Show the correct answer: Consumers perceive a potential product as_________ Product idea Test market Product image Market concept 3 Show the correct answer: Customer satisfaction for successful businesses is a Goal Tool Both goal and tool None of the these 3 Show the correct answer: The sum of features and characteristics of a product or service is________ Quality Standard Need Performance 1 Show the correct answer: The search for new product ideas should be___________ Haphazard systematic Segmented Strategic 2 Show the correct answer: Stage of product life cycle.in which market acceptance and sales is high, is called____________ Growth Maturity Decline Development 1 Show the correct answer: Companies conduct surveys to test_______ of products that they offer. Demand curve Perceived value Price elasticity Break even pricing 2 Show the correct answer: Nature of market, demand and competitor’s prices are the________factors that influence pricing decisions. External Domestic Internal Target 1 Show the correct answer: Competition in which many buyers and sellers trade in uniform commodity is_________ Monopolistic Pure competition Oligopolistic Pure monopoly 2 Show the correct answer: In market skimming policy for new product, which statement is true? Product’s quality and image support its lower price Competitors are not able to undercut the high price Buyers want the products at that price Competitors cannot enter the market easily
Infer, Agricultural value chains operating in developing countries are typically Long Unorganized low value all these 4 Infer, The policy which is used to regulate Govt. revenue and expenditures Monetary policy Money supply Fiscal policy None of these 3 Infer, The process of creating the desired image in the customer’s mind is known as Positioning Segmentation Targeting None of these 1 Infer, Producer level Demand is Basic demand Derived demand Primary demand None of these 2 Infer, After successful approval of product proto-type, what next stage starts in product life cycle? Concept development Product development Product proposal Market development
Show the correct answer: Test marketing costs are always high, but sometimes small in comparison with_______ Management’s acceptance Research and development costs Costs of major mistakes Stockholder’s confidence
Show the correct answer: Which stage focuses on finding new ways to solve customer problems? Customer centered new product development New product development Team based new product development Sequential product development
Show the correct answer: The axle on which the entire wheel of management revolves is called_____ motivation communication planning controlling 2 Show the correct answer: Which one is not the desired characteristics of brand name? Brand should be distinctive Brand name should be long word to get attention Brand should be easy to pronounce Brand should be easy to recognize
Show the correct answer: Total financial value of a brand is calculated by________process. Differentiation Equity Valuation Image 3 Show the correct answer: Which one is the major permanent asset of a company? Specialty products Staples Convenience products Brands 4 Show the correct answer: The channel that deals with product return is called Zero-level channel One-level channel Reverse-flow channel Two-level channel 3
Show the correct answer: The main cause of trade between two regions is the difference in_______of commodities Capital Labor Price None of these 3 Show the correct answer: The distribution strategy uses few the number of intermediaries? Exclusive distribution Intensive distribution Selective distribution Fragmented distribution
Show the correct answer: The channel conflict between two retailers at same level is called Horizontal conflict Vertical conflict Multichannel conflict Single channel conflict
Show the correct answer: Newspapers, magazines, and direct mail are all examples of which of the following types of media? Broadcast media Electronic media Print media Intermittent media 3 Show the correct answer: The exchange rate is Growth rate differential between two countries Value of one currency in terms of another. Rate at which goods are sold in a country. Interest rate differential between two countries.
Show the correct answer: Goods that have been produced but remain unsold Inventory Surplus Deficit None of these 1 Show the correct answer: The phenomenon when prices among different locations follow similar pattern in long run Law of one price Market integration Price transmission None of them 2 Show the correct answer: The unique dimensions of the foods and agribusiness markets include(s) Food as a product Biological nature of production Rural ties and government involvement all these 4 Show the correct answer: _________ arise from the fluctuations of demand and supply of agricultural commodities that can result in the variation in the prices in the markets market risks physical risks risk bearing function all these 1 Show the correct answer: _______ are usually set for shorter time periods than strategic goals and usually are defined by measurable results vision statement performance objectives Aims Goals 2
Infer,________ is the cumulative perceived monetary value of the bundle of economic, functional, and psychological benefits received by customers. Total Customer Cost Total Customer Benefit Total Customer satisfaction Customer Equity 2 Infer, In India, majority of agribusiness operate under following form of business organization sole proprietorship partnership Company cooperative 1 Infer, ____ is the staple food crop in Mango Tomato Chilies Paddy 4 Infer, Consumer decision making process begins with information search and evaluation problem recognition purchasing process all theses 2 Infer, Primary Markets are the markets at primary level such as a village market, roadside market and small-town market. The major reason for farmers to sell in these markets is urgent cash requirements of the farmers lack of transportation facilities lack of storage all these 4 Infer, The corporation is taxed on funds it earns as profit; then, after it has paid dividends to its stockholders, the stockholders must again pay income tax on the amount that is received as dividends. This type of tax is called a corporate tax progressive tax double tax income tax 3 Infer, A curve that shows various combinations of two commodities that give same level of satisfaction to consumers is production possibility curve isoquant indifference curve aggregate demand curve
Infer, Quality standards are subdivided into several classes. Each class is called a grade and is usually given a Number letter Word all these 4 Infer, The way by which supermarket target the whole market without differentiation is called Undifferentiated marketing Target marketing Concentrated marketing micromarketing 1 Infer, Knowledge of customer’s special needs is essential for Telemarketing Niche marketing Online marketing Direct marketing 2
Infer, The best example of native marketing strategy is Undifferentiated marketing Mass marketing Local marketing Differentiated marketing
A middlemen who sells the services to their principal is known as Commission man Broker Both of these None of these 3 Show the correct answer: A market which mainly involved in export of commodities is known as Primary markets Secondary Markets Free markets Terminal Markets 4 Show the correct answer: The surplus produce which is available for sale by the farmer after meeting consumption requirements Marketable surplus Agricultural produce Marketed surplus Surplus 1 Show the correct answer: Two dimensions of product quality are Performance and resistance Consistency and level Design and innovation Feature and design 2 Infer, nowadays, many companies provide________ by using internet, technologies and phone. Labelling information Brand equity Support services Packaging advantages
Show the correct answer: Public health campaigns related to drug abuse, smoking and obesity are all example of______________ Social marketing Line marketing Internal marketing Interactive marketing
Show the correct answer: Porter’s generic strategies does not include Focal persons Cost leadership Focus product positioning Differentiation 1 Infer, When needs are directed to specific products and services they become Effective demand Wants Needs Demand 2 Infer, Which one is a sector of agribusiness Input Production Food distribution All of these 4 Infer, __________markets are closest to consumers Wholesale Retail Farmer markets All of these 4 Infer, When Burger King targets different groups from children and teens to adults and seniors with different ads and media, it is practicing which one of the following segmentation? Demographic Age and life cycle Psychographic Behavioral 2
What type of utility does a bag of rice acquire for the consumer upon purchase? place position form ownership 4 Which of the following is the final phase in the product development process? building a prototype test marketing business analysis commercialization
Show the correct answer: The exchange rate is: the growth rate differential between two countries. the value of one currency in terms of another. the rate at which goods are sold in a country. the interest rate differential between two countries.
Show the correct answer: interdependece among firms is a feature of Perfect competition Monopolistic competition Oligopoly Monoply 3 Infer, What is the largest sub-sector in India’s primary sector? Crops Livestock Fishing Forestry 1 Infer, Which among the following is correct regarding average fixed cost? Continues to fall with output Rises at first then falls Falls first then rises None of the these 1 Infer, Which among the following is correct regarding average cost? Continues to fall with output Rises at first then falls Falls first then rises None of the these 3 Infer, Which among the following is correct regarding marginal cost? Continues to fall with output Falls first then rises Rises at first then falls None of the these 2 Show the correct answer: A supply schedule is A tabular representation of quantity supplied and price A graph of quantity demanded and price A graph of equilibrium points None of the these 1 Infer, What is Elasticity of supply? Quantity supplied/Price % change in quantity supplied/% change in price Equilibrium supply/Price None of the these 2 Infer, What is the character of labour supply curve? Upward sloping Downward sloping Backward bending None of the these 3
Show the correct answer: Market equilibrium occurs when at a given price quantity demanded is greater than quantity supplied at a given price quantity demanded equals quantity supplied at a given price quantity demanded is less than quantity supplied None of the these 2 Infer, What is Average Cost? Total Cost/Total Output Total Cost – Total Fixed Cost (Total Cost – Total Fixed Cost)/Total Output None of the these. 1 Infer, What is Marginal Cost? Total Cost/Total Output Total Cost – Total Fixed Cost Incremental cost of producing an additional unit of output None of the these. 3 Show the correct answer: Marginal product is always these average product Initially higher than average product then gradually falls below average product is always below average product None of the these. 2 Infer, a Labour earns Rent Interest Wage Profit 3 Infer, the earning of land called Rent Interest Wage Profit 1 Show the correct answer: What is the earning of capital is called? Rent Interest Wage Profit 2 Show the correct answer: What does an entrepreneur earn? Rent Interest Wage Profit 4 Show the correct answer: What is the Characteristic of land? Fixed in quantity Lacks mobility in geographical sense Has original indestructible properties All of the these 4 Show the correct answer: What is the character of labour? Perishable Eternal Indestructible None of the these 1
Show the correct answer: Who can join a coopeartive ? Anyone Noone Selected few None of these 1
