Explore topic-wise MCQs in Banking And Financial Awareness.

This section includes 1588 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.

151.

The sales process begins with      [SBI Clerk 2011]

A.  Customer identification
B.  lead generation 
C.  Sales presentation
D.  Sales closure                
E.  Sales meet
Answer» C.  Sales presentation
152.

Sales promotion means

A.  any steps that are taken for the purpose of obtaining or increasing sales
B.  Pricing             
C.  profit
D.  Production cost             
E.  loss
Answer» B.  Pricing             
153.

Full form of DSA is [SBI Clerk 2011; PNB Clerk 2010]

A.  Delivery Staff Agency
B.  Direct Selling Agent
C.  Direct Supplier Agent
D.  Distribution and Supply Age
E.  Driving Sales Ahead
Answer» C.  Direct Supplier Agent
154.

Inviting prospective purchasers to try the product without cost in the hope that they will buy is known as

A.  Patronage awards         
B.  free trials
C.  Prizes             
D.  price packs
E.  None of these
Answer» C.  Prizes             
155.

Leads can be best sourced from  [SBI PO 2013]

A.  foreign customer
B.  Yellow pages
C.  dictionary                    
D.  List of vendors
E.  Local supply chains
Answer» C.  dictionary                    
156.

Major consumer promotion tools are

A.  samples          
B.  coupons
C.  Cash refund offers         
D.  premiums
E.  All of these
Answer» F.
157.

Sales promotion devices for sales force is/are

A.  more commission for more selling
B.  bonus              
C.  contests
D.  All of the above
E.  None of the above
Answer» E.  None of the above
158.

A cold call means [SBI Steno 2012; SBI Clerk 2008]

A.  a futile exercise
B.  Calls made in cold countries
C.  Sales talk
D.  Old product with new wropping
E.  Calls made without prior appointment
Answer» F.
159.

An audio or video advertising announcement usually presented on television, radio or in a movie theater is called               [SBI Clerk 2012]

A.  Publicity                      
B.  Creative
C.  banner            
D.  Sponsorship
E.  commercial
Answer» B.  Creative
160.

The consumer sales promotion technique includes

A.  Price deal                     
B.  loyal reward programme
C.  cents-off deal
D.  Price pack deal
E.  All of the above
Answer» F.
161.

The aspects of the promotional mix include

A.  advertising                   
B.  Personal selling
C.  Publicity                      
D.  Sales promotion
E.  All of these
Answer» F.
162.

A 'lead' means [SBI Steno 2012; PNB Clerk 2009; SBI Clerk 2008]

A.  a leash            
B.  a leader
C.  an interested buyer        
D.  a DSA
E.  a cold call
Answer» D.  a DSA
163.

Which of the following is/are examples of the popular sales promotion activities?

A.  Buy one get one free
B.  Customer relationship management
C.  Merchandising
D.  Free samples
E.  All of the above
Answer» F.
164.

Telemarketing campaigns as are resorted to [SBI Steno 2012]

A.  avoid face-to-face interactions
B.  avoid 'buyer resistance
C.  reach a larger clientele
D.  Increase cold calls
E.  reduce profits
Answer» B.  avoid 'buyer resistance
165.

After sales, service is not the job of [SBI Clerk 2009]

A.  marketing staff            
B.  Sales persons
C.  directors of the company
D.  employees of the company
E.  All of the above are false
Answer» F.
166.

Which is the benefit of sales promotion?

A.  Thrill in life due to contests
B.  Skill development of the users
C.  Low price product
D.  Social life changed
E.  All of the above
Answer» F.
167.

The most essential quality of a good sales person is                                           [SBI Steno 2012]

A.  questioning skills
B.  good appearance
C.  production skills
D.  good communication
E.  Curiosity
Answer» E.  Curiosity
168.

The sales promotion targeted at the retailers and wholesalers is called

A.  Consumer sales promotion
B.  user's sales promotion
C.  Primary sales promotion
D.  trade sales promotion
E.  Tertiary sales promotion
Answer» E.  Tertiary sales promotion
169.

Direct marketing means            [SBI Steno 2012]

A.  seminars and conferences
B.  Face-to-face selling
C.  banners
D.  Cold calls
E.  Sales presentations
Answer» E.  Sales presentations
170.

Free samples are given to consumers to

A.  Introduce a new product
B.  expand the market
C.  Both [a] and [b]
D.  target the profit
E.  target the market
Answer» D.  target the profit
171.

The sales promotion can be directed at

A.  customer
B.  Sales staff
C.  distribution channel members
D.  All of the above
E.  None of the above
Answer» E.  None of the above
172.

Effective selling skills depends on [SBI PO 2013; PNB Clerk 2010]

A.  number of languages known to the DSA
B.  data on marketing staff
C.  Information regarding IT market
D.  Knowledge of related markets
E.  ability to talk fast
Answer» E.  ability to talk fast
173.

Assembly industry is related to

A. Main or primary parts
B. Component parts
C. Production
D. Finance
E. Insurance
Answer» C. Production
174.

An augmented benefits aspect is/are

A. Maintenance of product or services
B. Establishment     
C. Replacement
D. All of these 
E. None of these
Answer» E. None of these
175.

                               When a company launches a new product?? stage of product life cycle could be the most expensive for the  company

A. Growth
B. Introduction
C. Decline
D. Maturity
Answer» D. Maturity
176.

Market penetration can be possible through?                                                                                                                                                             [SBI Clerk 2009]

A. More calls to the same buyers
B. More calls too many buyers
C. Surrogate marketing     
D. Alternate marketing
E. All of the above   
Answer» F.
177.

More number of conversion indicates?                                                                                                                                                             [SBI Clerk 2009]

A. More sales
B. More purchases
C. More staff                       
D. more products
E. More technological progress  
Answer» E. More technological progress  
178.

Physical features of a product are

A. Color and size of product
B. Packaging           
C. Brand                   
D. All of these
E. None of these
Answer» F.
179.

PLC stands for

A. Product life cycle
B. Price life cost
C. Product long cost           
D.  Price long cost
Answer» B. Price life cost
180.

The best promotional tools in any marketing is ?

A. Pamphlets   
B. Newsletters
C. Word-of-mouth publicity
D. Regional advertisement
E. Viral marketing       
Answer» D. Regional advertisement
181.

The performance of a sales person depends on ?

A. Ability and willingness of the sales person
B. Incentives paid 
C. Size of the sales team
D. Team leader?s attitude
E. High aggressive nature
Answer» B. Incentives paid 
182.

An audio or video advertising announcement, usually presented on television, radio or in a movie theatre is called ?

A. Publicity
B. Creative
C. Banner       
D. Sponsorship
E. Commercial 
Answer» F.
183.

A "call" means. [SBI Ass. (clerk 2012]

A. An Internet terminology   
B. Contacting a prospective customer
C. Visiting a call center
D. Attending to a complaint
E. Websites       
Answer» C. Visiting a call center
184.

Motivation means?                                                                                                  [SBI Ass, Clerk 2008]

A. Inspiring employees to perform better
B. Better communication skills
C. Sales coaching   
D. Market Research
E. None of these
Answer» B. Better communication skills
185.

For effective marketing, the salesman should have which of these qualities?                     [SBI Ass. Clerk 2008]

A. Creativity    
B. Team spirit
C. Motivation
D. Effective communication skills
E. All of these   
Answer» F.
186.

Advertisement is a type of?                                                                                       [SBI Ass. Clerk 2011]

A. Direct marketing
B.       Service marketing
C. Indirect marketing 
D. Internet marketing
E. Internal marketing     
Answer» D. Internet marketing
187.

The performance of a sales person is directly linked to?                                                 [BOB PO10]

A. The amount of incentives paid
B. Profit level of the company
C. Ability of the sales person   
D. All of these
E. None of these  
Answer» D. All of these
188.

Sales forecasting involves study of? [BOB PO. 2011]

A. Sales planning    
B. Proper selling price
C. Distribution outlets
D. Consumer needs and demands
E. All of these       
Answer» E. All of these       
189.

Push" style of selling is effective because......... [BOB PO. 2011]

A. Push" is the only style of selling
B. It motivates the sales person
C. It "pushes" the customers to buy the products
D. It helps in quicker conversion
E. "Push" style can never be effective 
Answer» E. "Push" style can never be effective 
190.

Efficiency in selling skills is determined by? [BOB P.O. 2010]

A. Number of leads generated
B. Number of prospects met
C. Number of conversions made
D. All of these
E. None of these   
Answer» D. All of these
191.

Effective selling involves.........Find the correct answer.

A. Good physical appearance
B. Good communication skills
C. Good negotiation skills 
D. Sympathetic approach
E. Aggressiveness
Answer» E. Aggressiveness
192.

The most important stage in a sales process is? [BOB PO, 2011]

A. Generating sales leads  
B. Clinching the sale
C. Sales presentation    
D. Sales meeting
E. All of these
Answer» F.
193.

Incentives are paid to sales persons? [BOB, PO, 2011]

A. For missing the targets
B. For surpassing the targets
C. For identifying leads
D. For designing products
E. For travelling     
Answer» C. For identifying leads
194.

Effecting selling skills depend on?

A. Knowledge level of competitors
B. Information about marketing staff
C. Information regarding share market
D. Knowledge of related markets
E. Information regarding political leaders
Answer» E. Information regarding political leaders
195.

Communication skills in the case of a DSA means?

A. Oratory excellence
B. Delivering long speeches
C. Loquacious
D. Ability to convince the customer with the right choice of words
E. Ability to talk very fast
Answer» E. Ability to talk very fast
196.

Direct marketing is useful for?

A. Designing products 
B. Sending e-mails
C. Increased production
D. Increased opportunities
E. None of these 
Answer» F.
197.

Direct marketing means?                                                                                          [SBI Ass. Clerk 2011]

A. Advertisements        
B. Banners     
C. Face-to-face selling    
D. Selling by all staff
E. Achieving targets  
Answer» D. Selling by all staff
198.

Selling process includes?                                                                                           [SBI Ass. Clerk 2011]

A. Publicity     
B. Lead generation  
C. Cross-country contacts   
D. Product designing
E. Product re-designing 
Answer» C. Cross-country contacts   
199.

Good communication helps in ?

A. Improved customer service
B. Reduced sales
C. Improved brand images
D. More market share
E. Better customer profile  
Answer» B. Reduced sales
200.

In a selling process in today's world? [SBI Ass. Clerk 2008]

A. Only standard products are sold
B. No customization is required
C. The seller need not have product knowledge
D. The seller should aim at customer satisfaction
E. Only quantum of sales matters 
Answer» E. Only quantum of sales matters