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Common University Entrance Test (UG)

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Question : Statement 1: The Consumer Protection Act promotes ethical business practices among producers.

Statement 2: It encourages producers to provide quality products and services to gain consumer trust.

 

Option 1: Both statement 1 and statement 2 are true.

Option 2: Statement 1 is true, but statement 2 is false.

Option 3: Statement 1 is false, but statement 2 is true.

Option 4: Both statement 1 and statement 2 are false.

Team Careers360 26th Jan, 2024

Correct Answer: Both statement 1 and statement 2 are true.


Solution : The correct answer is (a) Both statement 1 and statement 2 are true.

Statement 1 is true. The Consumer Protection Act promotes ethical business practices among producers by establishing rules and regulations that encourage fair and transparent dealings with consumers. It discourages unfair trade practices and deceptive conduct.

Statement 2 is also true. The act encourages producers to provide quality products and services to gain consumer trust because it holds producers accountable for the quality and safety of their products. This trust-building aspect is an integral part of ethical business practices.

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Question : Case Study 18: Impact on Local Economy

A group of entrepreneurs established a tourist resort in a remote village. Their venture not only provided job opportunities to the local community but also attracted tourists, boosting the local economy.

Question:

The entrepreneurs' venture contributes to economic development through:

Option 1: Increasing unemployment in the region
 

Option 2: Reducing access to local resources
 

Option 3: Promoting foreign investment

  

Option 4: Attracting tourists and boosting local businesses

Team Careers360 26th Jan, 2024

Correct Answer: Attracting tourists and boosting local businesses


Solution : The correct answer is (d) Attracting tourists and boosting local businesses

The establishment of a tourist resort by the entrepreneurs attracts tourists and boosts local businesses, leading to increased economic activity in the region. This can result in job creation, increased revenue for local businesses, and overall economic development in the community.

6 Views

Question : Which of the following is a part of budgetary deficit.
 

Option 1: Revenue deficit
 

Option 2: Fiscal deficit
 

Option 3: Primary deficit
 

Option 4: All of the above.
 

Team Careers360 27th Jan, 2024

Correct Answer: All of the above.
 


Solution : Budgetary deficit involves revenue deficit, fiscal deficit, and  primary deficit.
Hence, Option D is correct.

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Question : Select the option that identifies the noun in the sentence.
 It will take all of his strength and will to regain the ability to stand and walk all over again.

Option 1:  Take
 

Option 2:  All
 

Option 3: Your
 

Option 4: strength

Team Careers360 26th Jan, 2024

Correct Answer: strength


Solution : The correct answer is option D.

Explanation:

Will is a noun, just like strength is.

 Verb is (take).

The adverb all (B) modifies the verb take.

Your (C) is an adjective that describes will and strength

6 Views

Question : Fill in the blank with an appropriate pronoun.

The chicken is cooked. You can take _ out.

 

Option 1: it
 

Option 2: its

Option 3: that

 

Option 4: which

Team Careers360 27th Jan, 2024

Correct Answer: it
 


Solution : The correct answer is option 1.

Explanation:

"It" is a subject pronoun.

A word that is used in the place of a noun is known as a subject pronoun. It functions as the sentence's subject.

To identify the action's performer, subject pronouns are typically used in the first part of a sentence, right before the verb.

Example of subject pronoun:

I, we, he, she, it, they 

12 Views

Question : Case Study:

A company aims to create products that are of high quality and provide unique features. They focus on continuous innovation and strive to deliver superior customer value. This philosophy aligns with the:

 

Option 1: Marketing Concept

Option 2: Production Concept

Option 3: Selling Concept

Option 4: Product Concept

Team Careers360 27th Jan, 2024

Correct Answer: Product Concept


Solution : The correct answer is (d) Product Concept.

The Product Concept is a marketing philosophy that centers on creating high-quality products with unique features and attributes. The main emphasis is on the product itself, striving to offer features and benefits that stand out and meet or exceed customer expectations. Companies following this concept are driven by a commitment to continuous innovation and improvement to maintain a competitive advantage and deliver superior value to their customers. The primary goal is to develop and market products that customers perceive as exceptional and desirable.

 

Question : Questions: Different Sources of Finance

Statement 1: Global Depository Receipts (GDRs) enable foreign companies to raise funds in international markets.

Statement 2: GDRs are issued by foreign companies in their home country's markets.

Option 1: Statement 1 is true, and statement 2 is false.
 

Option 2: Statement 1 is false, and statement 2 is true.
 

Option 3: Both statements 1 and 2 are true.

 

Option 4: Both statements 1 and 2 are false.

Team Careers360 26th Jan, 2024

Correct Answer: Statement 1 is true, and statement 2 is false.
 


Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.

Statement 1 is true. Global Depository Receipts (GDRs) indeed enable foreign companies to raise funds in international markets. GDRs are financial instruments issued by foreign companies to raise capital by listing their shares on foreign stock exchanges.

Statement 2 is false. GDRs are not issued by foreign companies in their home country's markets. Instead, GDRs are issued by depository banks in international markets, representing the shares of the foreign company. These depository banks hold the actual shares and issue GDRs against those shares, making them available for trading on international exchanges.

7 Views

Question : Statement 1: Societal marketing concept aligns business goals with societal well-being.

Statement 2: Marketing management philosophies have no influence on business practices.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 27th Jan, 2024

Correct Answer: Statement 1 is correct, and statement 2 is false.


Solution : The correct answer is (b).

Statement 1 is correct. The societal marketing concept is a marketing philosophy that aligns business goals with societal well-being. It recognizes that businesses have a responsibility to society and that they should operate in a sustainable and ethical manner.

Statement 2 is false. Marketing management philosophies have a significant influence on business practices. Businesses that adopt a societal marketing philosophy are more likely to develop products and services that are beneficial to society, to operate in a sustainable manner, and to engage in ethical marketing practices.

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