Miscellaneous Topics MCQ Quiz in मल्याळम - Objective Question with Answer for Miscellaneous Topics - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക

Calculation:

A retailer buys 20 pens for Rs. 40.

So, the cost price of 1 pen = 40/20 = Rs. 2

A retailer sells the pens at the rate of Rs. 40 for 15 pens.

So, the selling price of 1 pen = 40/15 = Rs. 8/3

Profit percent = [(Selling Price - Cost Price)/Cost Price] × 100

Profit percent = [(8/3 - 2)/2] × 100

Profit percent = (2/6) × 100

Profit percent = 100/3 = 33%

So, the profit margin is 33%.

Hence, option 3 is correct.

The correct answer is Wholesaler.Key PointsWholesalers:

• They are intermediaries who buy goods in bulk from manufacturers and sell them to retailers or other businesses.
• They act as a link between the manufacturer and the retailer and help in distributing the goods to the end customers.
• They usually keep a large inventory of goods in their warehouse so that they can fulfill the orders of retailers quickly.
• They often provide other services like transportation, packaging, and labeling of goods.
• They also help in marketing the products and provide valuable feedback to the manufacturers regarding the demand and supply of goods in the market.

Additional InformationBuyers:

• They are individuals or businesses that purchase goods for their personal or business use.
• They do not usually keep a large inventory of goods in their warehouse and buy goods in small quantities as per their requirements.

Customers:

• They are end-users who purchase goods for their personal use.
• They do not usually buy goods in large quantities and depend on the retailers to provide them with the desired products.

Sellers:

• They are individuals or businesses who offer goods for sale.
• They may or may not keep stock in their warehouse and often rely on intermediaries like wholesalers, retailers, or online marketplaces to sell their products.

Key Points

Retailers - a person or company who sells items to the general public in small amounts for use or consumption as opposed to for resale.

Important Points

• The goal of the customer-oriented pricing strategy is to precisely calculate and balance the price that the consumer is prepared to pay while taking into account the price that the business hopes to reach for the goods.
• The customer is the primary consideration in the price development process.
• Retailers must take focused action in order to learn what price customers are prepared to pay at all.
• Many online shops frequently employ questionnaires.
• These surveys may also be conducted very easily, and a significant number of individuals can be contacted with the aid of various web marketing techniques, allowing for the possibility of a legitimate evaluation. 
• Retailers often stock generic brands because they want to appeal to Price oriented customers.

The correct option is 3 i.e., Philanthropic responsibility.

• In CSR, this dimension is known as Philanthropic responsibility.

What is Corporate Social Responsibility(CSR)?

• Corporate Social responsibility to act in ways that benefit society and/or the environment.
• Corporate Social Responsibility helps a company be socially accountable to itself, its stakeholders, and the public.

What is Philanthropic responsibility?

• The philanthropic responsibilities are the voluntary responsibilities of the enterprise.
• The philanthropic responsibilities are not imposed or requested by law.
• The philanthropic responsibilities became a part of the social agreement between the enterprise and society.
• Donations of goods and services, volunteering activity, building recreational facilities for employees and their families are examples of philanthropic responsibilities.

The correct answer is Manufacturer.

Key Points

• The manufacturer's job is to produce goods that would be consumed by the consumers.
  • They can sell their products directly to customers or to middlemen.
  • Since they are the ones who are making the products, they cannot be a 'reseller' since there is nothing to "re"-sell.

Important Points

• A supply chain typically features various middlemen between the manufacturer and the consumer.
  • The most common in the supply chain are distributors, wholesalers, and retailers. 
• A middleman plays the role of an intermediary in a distribution or transaction chain that facilitates interaction between the involved parties.
  • They enable manufacturers to concentrate on the primary function of production by handling the ancillary functions of warehousing, distribution, advertising, insurance, etc.
• A distributor works closely with a manufacturer in order to sell more goods and gain better visibility on these goods. They sell the products to wholesalers and sometimes directly to retailers when requested.
• Wholesalers: They are the people who buy in bulk from the producers or distributors and sell in small quantities to the retailers.
• Retailers: They are the people who buy in small quantities from the wholesalers and sell to the ultimate consumers.

The incorrect answer is the Right to replace

Key Points

• The Consumer Protection Act, 1986, was enacted to provide a simpler and quicker redressal to consumer grievances. The act seeks to promote and protect the interest of consumers against deficiencies and defects in goods or services.

Important Points

• The Consumer Protection act describes the rights of the consumer which a consumer can exercise.
• Six Basic rights of consumers include:
  • Right to be Informed
  • Right to Safety
  • Right to Choose
  • Right to be Heard
  • Right to Seek Redressal
  • Right to Consumer Education

Given :

Cost price to the retailer is 1000 rupees 

He first increased price by 30% and then gives discount of 15% 

Calculations :

Price after 30% increment = 1000 + 30% of 1000 

⇒ 1000 + 300 = 1300 rupees 

Now price he provides discount at this price so,

Price after 15% discount on increased price = 1300 - 15% of 1300 

⇒ 1300 - 195 

⇒ 1105 rupees 

∴ final selling price will be 1105 rupees 

The correct answer is in the year 1937.

Key Points 

• An Act to provide for the grading and marking of agricultural and other produce is called the Agricultural Produce (Grading and Marking) Act, 1937.
• It extends to the whole of India.
• It determines the standard of agricultural products.
• The Agricultural Produce (Grading and Marking) Act, 1937 was the first legislation enacted by the Central Government of India to formulate standards and carry out grading and marking of agricultural and allied commodities.
• The articles included in the  Agricultural Produce (Grading and Marking) Act, 1937 Schedule are fruits and vegetables, dairy and poultry products, foodgrains and allied products, pulses, oilseeds, oils and cakes, essential oils, fibres, spices and condiments, forest produce, edible nuts, tobacco, tea, coffee, honey, wheat, atta, besan, suji and maida, raw meat etc.
• The Act also empowers the Central Government to include additional commodities/products in the schedule for enforcement of grade standards and implementing grading and quality control.
• The Act specifically empowers the Government to:
  • (i) fix grade designations indicating the quality of the produce;
  • (ii) define the quality indicated by each grrade designation;
  • (iii) specify the grade designation mark to represent particular grade designation;
  • (iv) specify the manner in which the article could be packed, sealed and marked;
  • (v) authorize a person or a body to use the grade designation marks under prescribed conditions.
• The first commodity for which grading and marketing rules were framed is Grape
• AGMARK is a certification mark for agricultural produce
• AGMARK is notified by Directorate of Marketing & Inspection (DMI), Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture & Farmers Welfare under Agricultural Produce (Grading Marking) Act, 1937. 
• Agmark certification confirms that the product or commodity in assuring grade standard term is scientifically laid down. 
• It confirms the quality control and the best hygienic condition of the food.

The correct answer is D-A-C-B.

Key Points The correct sequence of steps in the internal trade process is as follows:
D. Selection of supplier/manufacturer: In this step, the buyer selects a suitable supplier or manufacturer from whom they will procure the goods or services.
A. Negotiation and finalization of terms: After selecting the supplier, the buyer negotiates the terms of the trade, including the price, quantity, delivery schedule, payment terms, etc.
C. Placing an order: Once the terms are finalized, the buyer places an order with the supplier, confirming the purchase.
B. Delivery of goods/services: In the final step, the supplier delivers the goods or provides the agreed-upon services to the buyer.

Therefore, the correct sequence is D-A-C-B, which corresponds to option 2.

The correct answer is Hyper market.

Key Points 

Retail Marketing: The activities and process of selling products to final customers for their own use or domestic use is regarded as retail marketing. Retailers acts as a middlemen between producer and end user of the product.

Important Points

•  There are various types of "Retail Outlets":
  • Departmental Store
  • Convenience Store
  • Supermarket
  • Discount Store
  • Hypermarket
  • Superstore
  • Warehouse Retailing
• Departmental Store: It is a retail establishment which offers various product lines, such as: Household Goods, Clothing etc. under single roof and each product line is operated as a different department.
• Convenience Store: Conveniently located near residential areas, a convenience store has a somewhat higher price point and sells groceries as well as non food items in their store.
• Supermarket: It is a self service store that provides wide variety of products at low cost and low margin with high volume. Example: D Mart, Big Bazar etc.
• Discount Store: It is a kind of retail establishment that sells common items for low price with high volume and low margin.
• Hypermarket: It is a sizable retail space that combines supermarket, discount and warehouse retailing store. A buyer is able to purchase every item in one location under hypermarket.
• Superstore: It is a very big retail outlet with around 35000 square feet that often sells home appliances, clothes and other routine based products.
• Warehouse Retailing: It is a place wherein goods with large quantity sells at discount (Low Cost) in a warehouse format.

Hence, the correct answer is Hypermarket.