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MCQs

Total Questions : 50 | Page 4 of 5 pages
Question 31. Select all the Services of Retailers to Consumers (Select 3)
  1.    Storage
  2.    New products information
  3.    Convenience in buying
  4.    Wide selection
 Discuss Question
Answer: Option A. -> Storage
Question 32. The __________ act as an important link between producers and final consumers in the distribution of products and services
  1.    Retailers
 Discuss Question
Answer: Option A. -> Retailers
Question 33. Depatmental stores are generally located at a ____________
  1.    Central place
 Discuss Question
Answer: Option A. -> Central place
Question 34. Trade taking place within the boundaries of a nation is referred to as _________ trade
  1.    INTERNAL TRADE
 Discuss Question
Answer: Option A. -> INTERNAL TRADE
Question 35. The traders who purchase in large quantities and sell in small lots to retailers are called _________
  1.    WHOLESALERS
 Discuss Question
Answer: Option A. -> WHOLESALERS
Question 36. When buying and selling of goods and services is done with the objective of earning profit, it is called as _______
  1.    Trade
 Discuss Question
Answer: Option A. -> Trade
Question 37. What Services are provided by Wholesalers to Retailers
  1.    Grant of credit
  2.    Risk Sharing
  3.    Marketing Support
  4.    Wide selection
 Discuss Question
Answer: Option A. -> Grant of credit
Question 38. Wholesalers do not provide credit facilities to retailers
  1.    True
  2.    False
 Discuss Question
Answer: Option B. -> False
Question 39. Other names of Internal Trade
  1.    International trade
  2.    Domestic Trade
  3.    Home Trade
  4.    External Trade
 Discuss Question
Answer: Option B. -> Domestic Trade
Question 40. Who are wholesalers?
  1.    Buys goods directly from the retailers and sells them to the consumers
  2.    buys goods directly from the producers and sells them to the retailers.
 Discuss Question
Answer: Option B. -> buys goods directly from the producers and sells them to the retailers.

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