1. Greece has defaulted on a 1.7 billion dollars(1.5 billion Euro) payment to IMF.
2. The Eurozone finance ministers refused to extend its bailout to Greece after
it rejected the proposal given by the troika.
3. Troika is the tripartite committee led by the European commission with the
European Central bank & International Monetary fund.
4. Greece may have to leave Euro and shift back to its old currency Drachma.
5. The use of Drachma by Greece, which will be of lower value than Euro, will
lead to increase in the cost of imports raising the wraith of inflation in the
already struggling economy.
6. Up to 50bn euro worth of Greek assets will be transferred to a new fund,
which will contribute to the recapitalization of country's banks.
7. Greece has been told that it needs to pass measures to "improve long-term
sustainability of the pension system" by 15 july.
8. Greece has been told it must legislate by 15 july to introduce
"quasi-automatic spending cuts" if it deviates from primary surplus targets. In
other words, if it cannot cut enough to balance the books, it should cut some
more.
* Euro replaced Drachma as a currency of Greece in 2001.
(1) study of economic, political, cultural and technical environment
(2) study of the company's markets potentials and competition
(3) studying of current developing needs
(4) study of employee's potential
(5) study of sales person's potential
2. Suppose I have two conditions: A = B (A is equal to B) and B > C (B is greater than C). Then it logically follows that A > C (A is greater than C). If there is an option which says A >= C (A is greater than or equal to C), should that be considered true or false?
61. Market segmentation can be resorted to by dividing the target group as per
(1) income levels of customers
(2) age of the employees
(3) needs of the sales persons
(4) marketing skills of the employees
(5) size of the organisation