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AP Intermediate 2nd Year Financial & Marketing Management — practice questions

Explore 125 free Financial & Marketing Management questions in AP Intermediate 2nd Year Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Financial & Marketing Management questions and exercises with answers

Showing questions 1–30 of 125.

In India, consumer interests are presently safeguarded primarily by the:Read the answer and worked solution →The consumer right that protects against goods hazardous to life and health is the:Read the answer and worked solution →The consumer right to be told about the quality, quantity, purity and price of goods is the:Read the answer and worked solution →The right to be assured access to a variety of goods at competitive prices is the:Read the answer and worked solution →The right that a consumer's complaint will receive due attention at appropriate forums is the:Read the answer and worked solution →The right to get relief and compensation against unfair trade practices is the:Read the answer and worked solution →The three-tier redressal machinery under the Consumer Protection Act consists of the District, State and ___ Commissions:Read the answer and worked solution →A 'consumer' under the Act is a person who buys goods or hires services for:Read the answer and worked solution →The Latin maxim 'caveat emptor', which consumer protection laws move away from, means:Read the answer and worked solution →The right that empowers consumers to acquire the knowledge and skill to be informed buyers is the:Read the answer and worked solution →Complaints involving the highest value of goods or services are filed directly with the:Read the answer and worked solution →A consumer who is dissatisfied with the order of the District Commission can appeal to the:Read the answer and worked solution →Standardisation marks like ISI and AGMARK help consumers exercise their right to:Read the answer and worked solution →The set of marketing tools known as the 'four Ps' of the marketing mix consists of product, price, place and:Read the answer and worked solution →Giving a product a distinctive name or symbol to identify it is called:Read the answer and worked solution →Designing and producing the container or wrapper of a product is called:Read the answer and worked solution →The slip or tag that carries information about a product and its maker is the:Read the answer and worked solution →The marketing philosophy that holds that customer satisfaction is the key to achieving organisational goals is the:Read the answer and worked solution →Impersonal, paid communication about a product through media such as television and newspapers is:Read the answer and worked solution →Face-to-face interaction between a salesperson and a prospective buyer is called:Read the answer and worked solution →Short-term incentives such as discounts, coupons and free gifts to boost sales are part of:Read the answer and worked solution →Promotion, as an element of the marketing mix, primarily aims to:Read the answer and worked solution →A legally protected brand name or brand mark is known as a:Read the answer and worked solution →The amount of money customers pay to obtain a product is the ___ element of the marketing mix:Read the answer and worked solution →Good packaging can serve as a 'silent salesman' chiefly because it:Read the answer and worked solution →Financial management is primarily concerned with the:Read the answer and worked solution →The three broad financial decisions taken under financial management are investment, financing and:Read the answer and worked solution →The long-term investment decision concerning fixed assets is also called the:Read the answer and worked solution →The decision about the proportion of debt and equity used to raise funds is the:Read the answer and worked solution →The decision about how much profit to distribute and how much to retain is the:Read the answer and worked solution →

Worked practice questions

In India, consumer interests are presently safeguarded primarily by the:

  1. Consumer Protection Act, 2019
  2. Indian Contract Act, 1872
  3. Sale of Goods Act, 1930
  4. Companies Act, 2013
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Correct answer: A. Consumer Protection Act, 2019

The Consumer Protection Act, 2019 is the current law protecting consumers in India.

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The consumer right that protects against goods hazardous to life and health is the:

  1. Right to seek Redressal
  2. Right to Safety
  3. Right to Choose
  4. Right to be Heard
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Correct answer: B. Right to Safety

Right to Safety guards against goods/services hazardous to life and health.

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The consumer right to be told about the quality, quantity, purity and price of goods is the:

  1. Right to Safety
  2. Right to be Informed
  3. Right to Choose
  4. Right to Consumer Education
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Correct answer: B. Right to be Informed

Right to be Informed covers quality, quantity, purity, standard and price.

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