Concept of Market and Marketer One Mark Online Test

Concept of Market and Marketer One Mark Online Test (12th Standard Commerce)

Pick how many questions you want and set a time limit, then start. You'll get your score at the end with the correct answer and an explanation for every question. Free, in Tamil and English — 29 questions available.

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One who promotes (or) exchanges goods or services for money is called as ______.

A.Seller B.Marketer C.Customer D.Manager

The marketer initially wants to know in the marketing is ______.

A.Qualification of the customer B.Quality of the product C.Background of the customers D.Needs of the customers

The Spot market is classified on the basis of ______.

A.Commodity B.Transaction C.Regulation D.Time

Which one of the market deals in the purchase and sale of shares and debentures?

A.Stock Exchange Market B.Manufactured Goods Market C.Local Market D.Family Market

Stock Exchange Market is also called ______.

A.Spot Market B.Local Market C.Security Market D.National Market

The word 'market' is derived from which Latin word?

A.Marcatus B.Mercator C.Mercantile D.Marketus

Who defined market as one that "includes both place and region in which buyers and sellers are in free competition with one another"?

A.Clark and Clark B.Pyle C.Philip Kotler D.Business Dictionary

Which of the following statements about the need for market is/are correct?
1. Market helps to exchange goods and services.
2. Market adjusts demand and supply through the price mechanism.
3. Market helps to introduce new modes of life.

A.1 and 2 only B.2 and 3 only C.1 and 3 only D.1, 2 and 3

On how many different bases are markets classified in the chart given in the lesson?

A.Four B.Six C.Eight D.Ten

Q10

When the exchange of goods or services is confined within a family or its close members, the market is called a ______.

A.Local market B.Family market C.Primary market D.Retail market

Q11

Choose the odd one out among markets classified on the basis of area.

A.Family market B.Local market C.National market D.Bullion market

Q12

Which market deals in the purchase and sale of gold and silver?

A.Bullion market B.Produce exchange market C.Money market D.Manufactured goods market

Q13

Which market helps exporters and importers to convert their currencies into foreign currencies and vice versa?

A.Money market B.Foreign exchange market C.Stock market D.Bullion market

Q14

In which type of capital market are short-term securities exchanged?

A.Stock market B.Foreign exchange market C.Money market D.Future market

Q15

Which of the following is NOT a condition of a perfect market?

A.A large number of buyers and sellers B.Uniform prices throughout the market C.Perfect knowledge of the market among buyers and sellers D.Restrictions on the movement of goods

Q16

In which market are contracts made over the price for future delivery, with dealing and settlement taking place on different dates?

A.Spot market B.Future market C.Regulated market D.Long period market

Q17

Assertion (A): In an unregulated market, demand and supply determine the price of goods.
Reason (R): An unregulated market is a free market that is not controlled by statutory measures.

A.Both A and R are true, and R is the correct explanation of A B.Both A and R are true, but R is not the correct explanation of A C.A is true, but R is false D.A is false, but R is true

Q18

A market dealing in perishable goods like milk, fruits and vegetables, where price is determined on the basis of demand, is called a ______.

A.Very short period market B.Short period market C.Long period market D.Terminal market

Q19

Which market deals in durable goods meant for use over a longer period?

A.Very short period market B.Spot market C.Long period market D.Family market

Q20

Which of the following statements about the wholesale market is/are correct?
1. Goods are supplied in bulk quantity to dealers or retailers.
2. Goods are sold directly to consumers in small quantities.

A.1 only B.2 only C.Both 1 and 2 D.Neither 1 nor 2

Q21

In which market are semi-finished goods marketed, with dealings commonly between wholesalers or between wholesalers and retailers?

A.Primary market B.Secondary market C.Retail market D.Spot market

Q22

The definition of a marketer as a person who identifies the goods and services desired by consumers and markets them on behalf of a company is taken from ______.

A.Pyle B.Clark and Clark C.Business Dictionary D.Philip Kotler

Q23

Land, buildings, shares and debentures are marketed under which category of things that can be marketed?

A.Places B.Properties C.Organisations D.Experiences

Q24

Choose the odd one out among the roles of a marketer.

A.Instigator B.Innovator C.Investigator D.Integrator

Q25

A marketer who adds features to an existing product, modifies the pricing structure and introduces a new delivery pattern is playing the role of ______.

A.Instigator B.Innovator C.Integrator D.Implementer

Q26

Match the role of a marketer with its description.
(a) Instigator - (1) Collects feedback from consumers and coordinates the functions of the organisation
(b) Innovator - (2) Converts marketing opportunities into products with the help of functional teams
(c) Integrator - (3) Watches market developments and leads the business in new directions
(d) Implementer - (4) Adds new features to products and changes the pricing structure

A.(a)-3, (b)-4, (c)-1, (d)-2 B.(a)-4, (b)-3, (c)-2, (d)-1 C.(a)-3, (b)-4, (c)-2, (d)-1 D.(a)-1, (b)-2, (c)-3, (d)-4

Q27

Which of the following is NOT listed among the functions of a marketer?

A.Standardisation and grading B.Branding C.Auditing of accounts D.Storage and warehousing

Q28

Match the market with the basis on which it is classified.
(a) Spot market - (1) Commodities/Goods
(b) Bullion market - (2) Volume of business
(c) Perfect market - (3) Transaction
(d) Wholesale market - (4) Economics

A.(a)-1, (b)-3, (c)-4, (d)-2 B.(a)-3, (b)-1, (c)-4, (d)-2 C.(a)-3, (b)-1, (c)-2, (d)-4 D.(a)-4, (b)-1, (c)-3, (d)-2

Q29

According to the lesson's box on Tamil Nadu markets, a goat market is held at ______.

A.Hosur B.Aathur C.Kanpur D.Mumbai

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About this Concept of Market and Marketer test

This free online practice test covers Concept of Market and Marketer from the 12th Standard Commerce (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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