Page 332 - GMAT 2017b_Neatb

Marketing Test

that are required to be with 37. Economizing of resources means
(A) Director of company (A) limitation of supply available
(B) Registrar of company (B) Making best use of resources
(C) Lawyer of company (C) Unlimited use of goods
(D) Workers of company (D) None of these

29. Business is considered to be an economic activity 38. Per capita income is per head of population and is
became of earning or gaining of called
(A) Money or livelihood (A) National income
(B) Love and affection (B) Income tax
(C) Sympathy (C) Average income
(D) Social status (D) net income

30. In company certain employees such as auditors, 39. The green revolution means
mercantile bankers, etc are appointed by (A) use of old technology
(A) Promoters (B) vast majority of farmers
(B) Director (C) use of high yielding variety seeds (HYV)
(C) Registrar (D) All of these
(D) None of these
40. Agricultural produce sold in the market by the farmers
31. The activities which facilitate exchange of goods and is called
services from producers to the people who needs them (A) marketed surplus
is called (B) food shortage
(A) Financing (C) food grains
(B) Human welfare (D) stock
(C) Human resource production
(D) Marketing 41. Which step is being taken by the government to help
small farmers?
32. Buying and selling of goods is called (A) To give seeds.
(A) Business (B) To provide houses.
(B) Trade (C) To provide loans at low interest
(C) Barter (D) None of the above
(D) Financing
42. Which of the following is he cause of inequality of
33. When a company imports goods for exporting to other, income in India?
the trade is called (A) The institution of private property.
(A) Whole sale trade (B) The law of inheritance
(B) National welfare system (C) Economic exploitation
(C) Entrepot trade (D) All of these
(D) Exp-im trade
43. Nearly 55% of India’s total export consists of
34. Internal or home trade is concerned with agricultural products. What does it show about
(A) Buying of goods India’s economy?
(B) Selling of goods (A) India’s industries are not highly developed.
(C) Buying of goods and services (B) India is an under-developed economy.
(D) Buying and selling of goods and services. (C) India’s agricultural products are of the best
quality.
35. The policy that has been adopted to promote equity in (D) India is an advanced nation.
the agricultural sector is
(A) land acquisition 44. Which of the following characteristic shows that
(B) Land selling Indian economy is an undeveloped economy?
(C) Financing (A) India’s per capita income is the lowest
(D) Human resource production (B) Preponderance of agriculture in occupational
structure.
36. Basic activities of an economy is (C) Preponderance of consumption expenditure.
(A) Production (D) Prevailing under-employment or under
(B) Consumption employment.
(C) Capital formation
(D) All of these
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