Page 333 - GMAT 2017b_Neatb

Marketing Test

45. A small scale industry is defined with references of 54. Trade has been classified into two main categories.
(A) Maximum investment allowed on assets of a unit. These are:
(B) Electricity at a lower tariff. (A) Internal and External Trade
(C) Larger quantity of goods. (B) Small and Large Scale Trade
(D) None of the above. (C) Private and Government Sector Trade
(D) None of these
46. Common goals of five years plans are
(A) growth 55. Auxiliaries to trade means
(B) modernisation (A) Activities that are means for assisting in trade.
(C) self-sufficiency (B) Goods that are purchased from another country.
(D) All of these (C) Process of exchange of goods and services.
(D) Finances that have been arranged from the
47. Private sector industries were kept under state control National Banks.
through a system of
(A) Licenses 56. The most important method of promoting the sale of
(B) Taxes products is
(C) Services (A) Insurance
(D) Tariff. (B) Banking and Finance
(C) Advertising
48. The financial sector in India is controlled by (D) Warehousing
(A) State Bank
(B) World Bank 57. Business risk is not likely to arise due to
(C) Reserve Bank (A) Change in government policy
(D) Barclay’s Bank (B) good management
(C) employees dishonesty
49. Direct taxes consists of (D) power failure
(A) Savings
(B) Mutual funds 58. Which of the following cannot be classified as an
(C) Income of individuals profits of business auxillary to trade?
enterprises (A) Mining
(D) All of these (B) Insurance
(C) Warehousing
50. The trade policy reforms are aimed at (D) Transport
(A) dismantling of quantitative restrictions on imports
and exports. 59. The occupation in which people work for others and
(B) reduction of tariff rate. get remunerated in return is known as
(C) removal of licensing procedure for imports. (A) Business
(D) All of these (B) Employment
(C) Profession
51. The government companies can be converted into (D) Marketing
private companies by
(A) Selecting new Managing Director 60. The industries that provide support services to other
(B) Selecting new Registrar industries are called
(C) Withdrawal of ownership of public sector. (A) Commercial industries
(D) None of these (B) Tertiary industries
(C) Secondary industries
52. The abbreviation “WTO’ stands for (D) Primary industries
(A) World Trade Organisation
(B) World Transport Organisation 61. Which of the broad categories of industries covers oil
(C) Work Time Organisation refinery and sugar mills?
(D) Void Trade Organs (A) Primary industry
(B) Tertiary industry
53. Who discussed the first concept of poverty line? (C) Secondary industry
(A) Rajiv Gandhi (D) No liability
(B) Nehru Ji
(C) Dadabhai Naoroji 62. The ‘Karta’ in Joint Hindu family business has
(D) Gandhi ji (A) Limited liability

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