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8/14/2019 Business Quiz at Afterschoool

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Business quiz

Afterschoool

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if the amount after 25 years is

50000, what is annuity? Rate is

5% compounding annually.

if the amt after 25 years is 50000, what is annuity? R 5,

The annuity is Rs. 1047.6 per annum.



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What is Phishing?

• To take someone’s password illigally by

email etc.





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What is FERA and FEMA?

• FERA is foreign exchange regulation act,

and FEMA is foreign exchange

management act.



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What is working capital cycle?

• The moment we purchase raw material –

to the moment we receive our payment for

goods sold – one working capital cycle is

complete.





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What type of items are those –

where there is high price elasticity?

• The items – which are not essential or

which have close substitute available or

those which are not immediately required.



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What is the drawback of market

driven economic system?

• There will be inequality and unequal

distribution of resources.



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What is the fundamental concern of

managerial economics?

• To bring about best use of scarce

resources for satisfying human wants and

to bring best utilisation of these resources.



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If there is inflation, what should the

central bank do?

• Increase CRR, SLR, Bank Rate, Repo

Rate, and put restrictions on lending

• Adopt selective credit controls



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What was the view of classical

economics?

• Allow market forces to play its role and

there should be minimal intereference by

government.

Wh t ill h if th i f



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What will happen if the price of an

item increase and its price elasticity

is equal to 1?• The demand will decrease by equal

proportion and so the total money spent

will remain the same.



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What do you mean by command

economices?

• The economies, where the government

regulates everything are called command

economies.



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Who suggests about allocation of

resources to states in India?

• Finance Commission



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What is PLC?

• Product life cycle (a concept of marketing).



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What is AIO study in marketing?

• A = attitude

• I = Interests

• O = opinions

• In AIO study, we try to understand our

consumers.



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What are 7 Ps of service

marketing?

• Product

• Price

• Place• Promotion

• Process

• People• Physical Evidence



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What are 7 S ?

• Strategy

• Structure

• Skills• Superordinate goals

• Shared vision

• Systems• Staff



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What is the full form of BCG Matrix

and for what is it used?

• BCG stands for Boston consultancy Group

Matrix for portofolio analysis – it is a tool

for strategic decision making regarding

allocations to different SBUs in a company



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What is SBU?

• Strategic Business Unit.



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Thanks

• Afterschoool conducts three year integrated

PGPSE (after class 12) and 18 month PGPSE

(Post Graduate Programme in SocialEntrepreneurship). It is free for all. It also

conducts workshops on social entrepreneurship

in schools and colleges all over India – start

social entrepreneurship club in your institutiontoday with the help from afterschoool and help

us in developing society.

afterschoool tk





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social entrepreneurship for better

society

