Chapter Exam

Chapter 13: Concept of Market and Marketer — Online MCQ Test

Q: A market in which goods are bought and sold for immediate delivery is called a ______.

Answer: B. Spot market — A spot market refers to immediate sale and delivery of goods or securities.

Q: A market dealing in shares and debentures is called a:

Answer: B. Capital market — Capital market deals with long-term financial instruments such as shares and debentures.

COMMERCE · CLASS 12th · Tamil Nadu State Board

Practice Chapter 13: Concept of Market and Marketer with a free chapter-wise online MCQ test for Tamil Nadu State Board CLASS 12th COMMERCE. This chapter covers: This chapter covers basic market classifications marketer roles and commercial functions. Students explore market criteria definitions of marketable entities and key responsibiliti.... AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 13: Concept of Market and Marketer — Important Questions & Answers (FAQ)

Frequently asked questions from Tamil Nadu State Board CLASS 12th COMMERCE — Chapter 13: Concept of Market and Marketer, with answers and explanations. These are sample questions; the exam has its own separate question set.

What is the meaning of market in commerce?

A. A place where buyers and sellers meet to exchange goods and services ✓
B. Only a physical shop
C. A government office for trade
D. A place where goods are manufactured

Answer: A. A place where buyers and sellers meet to exchange goods and services
A market is a mechanism or place where buyers and sellers come together to exchange goods and services.

Who is a marketer?

A. A person who only produces goods
B. A person who buys goods for personal use
C. A person or institution that performs marketing functions ✓
D. A person who stores goods in a warehouse

Answer: C. A person or institution that performs marketing functions
A marketer undertakes marketing activities such as planning, pricing, promotion, and distribution.

A market in which goods are bought and sold for immediate delivery is called a ______.

A. Capital market
B. Spot market ✓
C. Future market
D. Money market

Answer: B. Spot market
A spot market refers to immediate sale and delivery of goods or securities.

A market dealing in shares and debentures is called a:

A. Goods market
B. Capital market ✓
C. Foreign market
D. Retail market

Answer: B. Capital market
Capital market deals with long-term financial instruments such as shares and debentures.

In the context of marketable entities, which one is the most comprehensive classification?

A. Goods, services, ideas, persons, places and events ✓
B. Only goods and money
C. Only services and stock
D. Only products sold in shops

Answer: A. Goods, services, ideas, persons, places and events
Modern marketing extends beyond goods to include services, ideas, persons, places, and events as marketable entities.