Prelim: Mind Marathon

Simran and Aman applied for a loan at Punjab Bank. The bank approved Simran's loan against her gold but rejected Aman's loan application for which loan she has applied for she has applied for?

• Gold

• Lottery tickets

• LIC policy

• NSC

Rajveer runs a business in Ludhiana. To ensure smooth operations, he focuses on the efficient movement of goods from suppliers to customers. What is this process called?

• Production

• Flow of goods

• Consumption

• Marketing channel

Mehak is preparing a security plan for her college's IT system. Before implementing security measures, she needs to identify potential risks. What is the first step in a security plan?

• Security policy

• Risk assessment

• Implementation plan

• Security organization

Arjun noticed that when the price of tea increased, more people in his town started buying coffee instead. Also, as the population of his area grew, demand for milk increased. What causes a shift in demand?

• Change in price of related goods

• Population increase

• Change in consumer income

• All of the above

Jasleen's bank account was hacked, and her personal information was compromised. However, her friend Harpreet lost important documents due to a storm. Which of the following is not a physical threat?

• Hacking

• Phishing

• Storm

• None of these

Karan runs a mobile phone company. He introduces a re-marketing campaign to encourage people to buy refurbished phones. Re-marketing is related to creating demand for:

• Renewed use of a product

• Non-usable products

• Low-quality products

• Fresh products

In her accounting class, Ms Gurleen learned that contingent liabilities must be disclosed in the balance sheet. Which accounting convention requires this?

• Disclosure

• Materiality

• Consistency

• None of these

Tarun prefers paperless banking and completes all his transactions digitally. What is this system called?

• RTGS

• Internet banking

• EFT (Electronic Fund Transfer)

• Mobile banking

Manpreet purchased a high-end smartphone. Along with the phone, he received free insurance, extended warranty, and a premium support service. These features are part of the:

• Basic needs

• Functional characteristics

• Additional benefits

• Expected features

Due to economic slowdown, Aditi noticed that fewer people were purchasing luxury cars, and some people even stopped buying expensive gadgets. What could be the possible reason?

• Fall in the number of buyers

• Fall in income

• Fall in consumer preferences

• All of the above