Tuesday 29 July 2014

One Liner Marketing Quiz Notes For Banking

One Liner marketing quiz for upcoming bank exam: These one lines question may be come under the marketing section part in the form of MCQs.

1.    A lead means ? A prospective buyer

2.    Benchmark means ? Set standards

3.    Customization means ? Specific products for each customer

4.    Customer retention means ? Customers dealing with same organization for long time

5.    Value Added Service means ? Additional service

6.    The sequence of the sales process is ? Lead, Call, Presentation and Sale

7.    “POS” means ? Point Of Sale.

8.    Market Research is useful for ? Deciding proper marketing strategies

9.    A ‘call’ means ? visiting prospective customer.

10.  Online marketing is the function of ? I.T Department

11.  Customization is useful for ? Designing customer specific products

12.  The key challenge to market driven strategy is ? Delivering superior values to the customers.

13.  Effective selling skills depends on ? knowledge level of the sales team.

14.  Generation of sales leads can be improved by ? Increasing personal and professional contacts.

15.  A market plan is ? Documented marketing strategies

16.  Marketing channel mean ? Delivery outlets.

17.  Social Marketing means ? marketing for a social cause.

18.  Service marketing means ? Relationship Marketing

19.  Market driven Strategies include ? Positioning the organization and its brand in the market place.

20.  Innovation in marketing means ? Creativity

.21.  Personal loan can be canvassed among ?  Salaried persons

22.  A presentation means ? explaining the utility of products

23.  Conversion means ? converting a prospective client into a buyer

24.  Modern style of marketing include ? digital marketing, telemarketing, e-commerce, e-mail solicitation

25.  E-marketing is same as ? Digital marketing

26.  Aggressive marketing is necessitated due to ? Increased competition

27.  Efficient marketing style requires ? proper planning, good communication skill, team work, knowledge of products.

28.  The performance of a sales person depends on ? ability and willingness of the sales person.

29.  The sole aim of marketing is to ? increase sales.

30.  Lead generation means ?  likely sources for prospective clients.

31.  CRM ? Customer Relationship Management

32.  CRM is ? A pre sale activity/ a tool for lead generation/ an on going daily activity/the task of a DSA.

33.  Bancassuranse can be sold to ? All existing and prospective bank customers.

34.  A successful “Blue Ocean Strategy” requires ? effective communication/innovative skills/motivation.

35.  Cross selling is the basic function of all sales persons.

36.  Data mining means ? analysing the data stored with the back office staff.

37.  SME means ? Small and medium enterprises 

38.  The first step in the transaction processing cycle is ? Data entry

39.  Collecting personal information and effectively posing as another individual is known as ?  the crime of spoofing

40.  A presentation means ?  Explain the utility products

41.  Relationship Marketing is useful for ? Cross-selling of products

42.  Good Public Relation indicate ? Improved marketing skills, Improved brand image,   Improved customer service.

43.  Networking helps in marking marketing function ?  An easy task

44.  Delivery channel means ? Place where products are made available to the buyers

45.  One of the methods for market monitoring is ? To discuss with other sales persons

46.  A scenario in which a customer has too much awareness of the Brand is called ? Over Positioning

47.  Creating a distinctive place in the minds of customer means ? Brand Positioning

48.  Say’s Law of Markets states that ? Supply creates its own demand

49.  Gresham’s Law states that ?  Bad money drives good money out of circulation

50.  Investment is defined as a ? Change in the stock of capital
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