Marketing Quiz for Upcoming Banking Exams - SBI/IBPS/Competitive Exams - 12

1. In a Marketing process in today's world-
(1) Only standard products are sold
(2) The seller needs to have product knowledge
(3) The seller should ensure customer satisfaction 
(4) Only quantum of sales matters.
(5) All of these

2. Sale forecasting involves-
(1) Sales planning
(2) sales pricing
(3) Distribution channel
(4) Consumer Tastes
(5) All of these

3. In addition to product , price, promotion, the augmented marketing mix for services include all of the following EXCEPT;
(1) People
(2) Packaging
(3) Process
(4) Physical evidence
(5) Both 1 and 2

4. Dumping relates to the sale of-
(1) Products in foreign markets that cannot be sold in the home market
(2) Products discontinued in the home market sold to a foreign market 
(3) Production in foreign markets that cannot pass safety standards in the home market
(4) None of these
(5) All of these

5. The following does not represent a market situation-

(1) A bank run dispensary located in its, staff quarters.
(2) A fund raising charity show for the members of an NGO
(3) A meditation camp of a religious organization concluded for its members.
(4) A stall distributing Kada Prasad in a Gurudwara
(5) All of these

6. The following offering is not a service-
(1) Fixed deposit receipt
(2) Postage stamp
(3) Insurance policy
(4) Gift coupon of the chain store.
(5) All of these

7. The act of obtaining a desired object from some one by offering some in return is called as a-

(1) Transaction
(2) Exchange
(3) Relationship
(4) Value
(5) None of these

8. --------- is a group of related products that function in a similar manner, are sold to the same customer groups and marketed through the same type of the outlets.

(1) Group
(2) Product line
(3) Category
(4) Market
(5) None of these

9. Goods that are typically bought by consumer based on a comparison of suitability, quality price and style are called------------ goods-
(1) Industrial
(2) Speciality
(3) Shopping 
(4) Convenience
(5) None of these

10. Out of the following ------ is not an objective of pricing-

(1) Profit
(2) Stabilizing demand an sales of the product
(3) Improvement in product quality
(4) Expansion of business.
(5) All of these

11. Out the following ------- is not the three level of the product-

(1) Core
(2) Symbolic
(3) Augmented
(4) fragmented
(5) None of these

12. Of the following pricing methods----- is not for new product-

(1) Market skimmin
(2) Penetration
(3) Discriminatory pricing
(4) None of these
(5) All of the above

13. In market skimming pricing strategy-----
(1) Initially price is lower then it is reduced
(2) Initially price is higher then it is reduced 
(3) Initial price is high and is maintained high
(4) None of these
(5) All of these

14. Bank of Mathura is offering higher interest-ratio on fixed deposit to senior citizens of 60 years and above- It is practicing-
(1) Promotional pricing
(2) Psychological pricing
(3) Segmental pricing 
(4) Product mix pricing
(5) All of these

15. With---- pricing, the products are priced below list price (or even cost) for a temporary period to create buying urgency-
(1) Reference
(2) By-product
(3) Promotional 
(4) Market penetration
(5) All of these

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