Knowledge Quiz for IBPS SO Marketing Officer 2017

Q1. Marketing includes the entire process of–
(a) Satisfying the needs of consumer 
(b) Satisfying the wants of consumers 
(c) Satisfying taxes 
(d) Satisfying products  
(e) (a) and (b)

Q2. Who said “Marketing is the performance of those business activities that direct the flow of goods and services from producer to consumer.”? 
(a) American Marketing Association 
(b) Prof. Clark 
(c) Prof. PankajParashar
(d) Prof. Philip Kotler
(e) Manmohan Singh 

Q3. Marketing is the process of –
(a) Planning 
(b) Organising
(c) Directing  
(d) Motivating and other activities  
(e) All of above 

Q4. Who said-“Management is the art of getting things done through and with people in formally organized groups.”?
(a) Harold D. Kanntz
(b) Henry Fayol
(c) James L. Lundy  
(d) Theo Haimann
(e) Stanely Vance 

Q5. Standard test markets have characteristic that include _____. 
(a) Taking proper Care 
(b) Taking a long time to complete 
(c) Being very costly 
(d) Giving competitors a look at the new product 
(e) (b), (c) and (e)

Q6. Firms that help the company to stock and move goods from their points of origin  to their destinations are called:
(a) financial intermediaries.
(b) physical distribution firms.
(c) suppliers.
(d) marketing services agencies.
(e) None of these

Q7. Who sells the goods on behalf of his principal?
(a) Auctioneer 
(b) Broker
(c) Factor 
(d) Principal  
(e) None of above 

Q8. ______ is a mercantile agent who negotiates purchase or sale of goods on behalf of other parties. 
(a) Auctioneer 
(b) Broker 
(c) Agent
(d) Factor  
(e) Retailer 

Q9. A person who purchases goods and sell in his own name for margin of profit, is  called ______ . 
(a) Merchant Middlemen 
(b) Seller 
(c) Wholeseller
(d) Commission Agent 
(e) Factor 

Q10. A company’s internal new product development process is the only way for them to get new products 
(a) True  
(b) True when new product is an FMCG 
(c) False 
(d) False when company has critical product line 
(e) True in some special cases