Sail E0 Webinar

11th Grade > Business Studies

INTERNAL TRADE MCQs

Total Questions : 30 | Page 2 of 3 pages
Question 11.


What is a store that fulfils a customer's day to day needs?


  1.     General store
  2.     Discount store
  3.     Shopping mall
  4.     Hawker 
 Discuss Question
Answer: Option A. -> General store
:
A

A general store fulfils a customers day to day needs.


Question 12.


Buying and selling of goods within the geographical limits of a country is known as?


  1.     Internal Trade
  2.     External Trade
  3.     Barter system
  4.     None of the above
 Discuss Question
Answer: Option A. -> Internal Trade
:
A

Internal Trade is the buying and selling of goods within the geographical limits of a country.


Question 13.


Large quantity buying is a characteristic of a type of trade. Name it.


  1.     Wholesale
  2.     Retail
  3.     Hawkers
  4.     Peddlers
 Discuss Question
Answer: Option A. -> Wholesale
:
A

Wholesale is large quantity buying.


Question 14.


Chain stores like 'Shoppers Stop' have branch managers?


  1.     True
  2.     False
  3.     Shopping mall
  4.     Hawker 
 Discuss Question
Answer: Option A. -> True
:
A

Chain stores like Shoppers Stop have branch managers, around 83 such stores are spread all over India.


Question 15.


What do the 4P's consist of?


  1.     Price, Product,Promotion Place
  2.     Price, Product, Personal touch, Promotion.
  3.     Price, Product, Planning , Place
  4.     None of the above 
 Discuss Question
Answer: Option A. -> Price, Product,Promotion Place
:
A

Price, product, promotion, place are the 4P's.


Question 16.


Is limited variety one of the shortcomings of a chain store?


  1.     True
  2.     False
  3.     Not sure
  4.     none of the above
 Discuss Question
Answer: Option A. -> True
:
A

True. Limited variety is a demerit of chain stores.


Question 17.


Small scale fixed retailers include ___ . 


  1.     Hawkers
  2.     Peddlers
  3.     Cheap jacks
  4.     General stores
 Discuss Question
Answer: Option D. -> General stores
:
D

Small scale fixed retailers include general stores. 


Question 18.


Name a retailing business unit that sells a wide variety of consumer goods under one roof?


  1.     Small bazar
  2.     Showroom
  3.     Super market
  4.     Trade market
 Discuss Question
Answer: Option C. -> Super market
:
C

Super market is a large retailing business with a wide variety of consumer goods under one roof.


Question 19.


___ deal mainly in goods of cheap variety like hosiery products, toys, cigarettes, soft drinks and so on. 


  1.     Departmental stores 
  2.     Street stall holders
  3.     Speciality stores 
  4.     Secondhand goods shop 
 Discuss Question
Answer: Option B. -> Street stall holders
:
B

Street stall holders deal mainly in goods of cheap variety like hosiery products, toys, cigarettes, soft drinks and so on. 


Question 20.


Rohit wants to buy a carton of milk, what kind of a retail store should he buy it from?


  1.     Mall
  2.     General store
  3.     Special stores
  4.     None of the above 
 Discuss Question
Answer: Option B. -> General store
:
B

Rohit should buy the milk carton from a general store.


Latest Videos

Latest Test Papers