Match the Pairs(Weightage 5 Marks)
1. Principles of Management
Group A | Group B |
Market | Single Seller |
Registered brands | Stock Market |
Monopoly | Distinct Name |
Branding | Mercatus |
Digital Marketing | Single Buyer |
| lSI |
| Trademark |
| Use of traditional media |
| Multiple sellers |
| Use of digital media |
Solution:
Group A | Group B |
Market | Mercatus |
Registered brands | Trademark |
Monopoly | Single seller |
Branding | Distinct Name |
Digital Marketing | Use of digital media |
2. Functions of Management
Group A | Group B |
Market | Single Seller |
Registered brands | Stock Market |
Monopoly | Distinct Name |
Branding | Mercatus |
Digital Marketing | Single Buyer |
| lSI |
| Trademark |
| Use of traditional media |
| Multiple sellers |
| Use of digital media |
Solution:
Group A | Group B |
Market | Mercatus |
Registered brands | Trademark |
Monopoly | Single seller |
Branding | Distinct Name |
Digital Marketing | Use of digital media |
3. Entrepreneurship Development
Group ‘A’ | Group ‘B’ |
A. Gap filling function | 1.2016 |
B. Entrepreneur | 2. Employment |
C. Agro tourism | 3. Old methods of production |
D. Technology | 4. 2019 |
E. Startup India | 5. Self-motivated |
| 6. Rural tourism |
| 7. Entrepreneurship |
| 8. Latest knowledge |
| 9. Necessity Based |
| 10. Medical tourism |
Solution:
B. Entrepreneur | 5. Self-motivated |
C. Agro tourism | 6. Rural tourism |
D. Technology | 8. Latest knowledge |
E. Start up India | 1.2016 |
4. Business Services
Group ‘A’ | Group ‘B’ |
A) Air Transport | 1) Time utility |
B) Warehousing | 2) Intangible in nature |
C) Money remittance | 3) Fast mode of transport |
D) Pipeline Transport | 4) April, 2019 |
E) Business Service | 5) Western Union Money Transfer |
6) Fixed deposit account | |
7) Petroleum and gas | |
8) Tangible | |
9) Place utility | |
10) Savings account |
Solution:
| Group ‘B’ |
A) Air Transport | 3) Fast mode of transport |
B) Warehousing | 1) Time utility |
C) Money remittance | 5) Western Union Money Transfer |
D) Pipeline Transport | 7) Petroleum and gas |
E) Business Service | 2) Intangible in nature |
5. Emerging Modes of Business
Group ‘A’ | Group ‘B’ |
A) E-business | 1) Consumer to consumer |
B) B2C | 2) Exist everywhere |
C) Outsourcing | 3) First step |
D) Digital cash | 4) Business to Consumer |
E) Registration | 5) Electronic business |
| 6) BPO |
| 7) RTO |
| 8) Efficient business |
| 9) exist only in cyberspace |
| 10) Last step |
Solution:
Group ‘A’ | Group ‘B’ |
A) E-business | 5) Electronic business |
B) B2C | 4) Business to Consumer |
C) Outsourcing | 6) BPO |
D) Digital cash | 9) exist only in cyberspace |
E) Registration | 3) First step |
6. Social Responsibilities of Business
Group ‘A’ | Group ‘B’ |
A) Employees | 1) Good quality product |
B) Responsibility to investor | 2) To maintain solvency and prestige |
C) Responsibility towards government | 3) To serve society |
D) Economic Objective | 4) Voluntary |
E) Business ethics | 5) Job security |
| 6) Compulsory |
| 7) Respecting rules and regulations |
| 8) To earn profit |
| 9) Branch of social Science |
| 10) Protection and environment |
Solution:
Group ‘A’ | Group ‘B’ |
A) Employees | 5) Job security |
B) Responsibility to investor | 2) To maintain solvency and prestige |
C) Responsibility towards government | 7) Respecting rules and regulations |
D) Economic Objective | 8) To earn profit |
E) Business ethics | 9) Branch of social Science |
7. Consumer Protection
Group A | Group B |
A) King of the market | 1) 1930 |
B) National Commission | 2) Socialist |
C) Mumbai Grahak Panchayat | 3) Exceeds Rs. ten crore |
D) Sale of Goods Act | 4) Non-Government Organization |
E) Consumer Right | 5) Consumer |
| 6) Legislative Measures |
| 7) Exceeds Rs. One crore but does not exceeds Rs. ten crores. |
| 8) 1956 |
| 9) Consumer Protection Act |
| 10) Right to information |
Solution:
Group A | Group B |
A) King of the market | 5) Consumer |
B) National Commission | 3) Exceeds Rs. ten crore |
C) Mumbai Grahak Panchayat | 4) Non-Government Organization |
D) Sale of Goods Act | 1) 1930 |
E) Consumer Right | 10) Right to information |
8. Marketing
Group A | Group B |
Market | Single Seller |
Registered brands | Stock Market |
Monopoly | Distinct Name |
Branding | Mercatus |
Digital Marketing | Single Buyer |
| lSI |
| Trademark |
| Use of traditional media |
| Multiple sellers |
| Use of digital media |
Solution:
Group A | Group B |
Market | Mercatus |
Registered brands | Trademark |
Monopoly | Single seller |
Branding | Distinct Name |
Digital Marketing | Use of digital media |