Question : It refers to a policy of replacement or substitution of imports by domestic production.
Option 1: Industrial policy
Option 2: Industrial licensing
Option 3: Foreign trade policy
Option 4: Import substitution
Correct Answer: Import substitution
Solution : Import substitution refers to a policy of replacement or substitution of imports by domestic production. Hence Option D is correct.
Question : Which function of marketing is highlighted in the given statement? Statement: It fills this place by carrying good from place of production to place of consumption.
Option 1: Gathering and analysing market information
Option 2: Product designing and development
Option 3: Packaging and labelling
Option 4: Transportation
Question : It fills the gap by carrying goods from place of production to place of consumption. Which function of marketing is highlighted in the given statement?
Option 1: Customer support service
Option 2: Transportation
Option 3: Physical distribution
Option 4: None of the above
Question : Which function of marketing is highlighted in the given statement? Statement: The need for it rises because there is a time gap between production and consumption of goods.
Option 1: Physical distribution
Option 3: Transportation
Option 4: Storage or warehousing
Question : Which feature of marketing is highlighted in the given statement? Statement: It aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.
Option 1: Marketing
Option 2: Customer value
Option 3: Creating a market offering
Option 4: Exchange mechanism
Question : It is necessary to identify the needs of the customers and take various decisions for the successful marketing of the production services. Which function of marketing is highlighted in the given statement?
Option 1: Marketing planning
Option 2: Customer support services
Option 3: Gathering and analysing marketing information
Option 4: Storage
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