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11th Grade > Business Studies

INTERNAL TRADE MCQs

Total Questions : 30 | Page 3 of 3 pages
Question 21.


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 22.


Who usually appoints a delivery person?


  1.     Wholesaler
  2.     Retailer
  3.     Manufacturer
  4.     All of the above
 Discuss Question
Answer: Option D. -> All of the above
:
D

Wholesaler, manufacturer and retailer have a delivery person. 


Question 23.


What kind of stores have fixed rates and maintain uniform pricing policies for all their stores ___ . 


  1.     Multiple shop 
  2.     Departmental stores
  3.     Supermarket
  4.     None of the above 
 Discuss Question
Answer: Option A. -> Multiple shop 
:
A

Multiple shop chains have fixed rates for all their stores. 


Question 24.


Purchase of goods from a local shop or a mall or an exhibition are examples of___ . 


  1.     Internal trade
  2.     International trade
  3.     External trade
  4.     None
 Discuss Question
Answer: Option A. -> Internal trade
:
A

Purchase of goods from a  local shop or a mall or an exhibition are examples of internal trade.


Question 25.


___ retailers are traders who do not have a fixed place of business to operate from. 


  1.     Market traders 
  2.     Itinerant retailers 
  3.     Fixed shop retailers
  4.     None of the above 
 Discuss Question
Answer: Option B. -> Itinerant retailers 
:
B

Itinerant retailers are traders who do not have a fixed place of business to operate from. 


Question 26.


What kind of retail business deals in different types of goods which are needed by local residents in their day to day life?


  1.     Speciality shops
  2.     General stores
  3.     Street stall holders
  4.     Single line stores
 Discuss Question
Answer: Option B. -> General stores
:
B

General stores deal in different types of goods which are needed by local residents.


Question 27.


What is a network of a number of branches situated at different localities in the city or in the different parts of the country?


  1.     Multiple shop
  2.     Co-operative stores
  3.     Departmental store 
  4.     Internet marketing
 Discuss Question
Answer: Option A. -> Multiple shop
:
A

Multiple shop is a network of a number of branches situated at different localities in the city or in the different parts of the country.


Question 28.


Which of these is an advantage of supermarkets?


  1.     One roof, low cost
  2.     No personal attention
  3.     Huge capital requirement
  4.     No credit
 Discuss Question
Answer: Option A. -> One roof, low cost
:
A

The biggest advantage of supermarkets is that under one roof we find products for a low cost.


Question 29.


A businessman specialised in one line of product comes under __. 


  1.     Retail trade
  2.     Single line store
  3.     Wholesale
  4.     Departmental store 
 Discuss Question
Answer: Option B. -> Single line store
:
B

A businessman specialised in one line of product comes under a single line store. 


Question 30.


Buying and selling of goods and services in large quantities for the purpose of resale or intermediate use by ___ . 


  1.     Consumers
  2.     Both wholesaler and retail trader
  3.     Wholesale trader
  4.     Retail traders
 Discuss Question
Answer: Option C. -> Wholesale trader
:
C

Buying and selling of goods and services in large quantities for the purpose of resale or intermediate use by wholesale trader


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