Internal Trade(11th Grade > Business Studies ) Questions and Answers

Question 1.


What kind of a store is Big Bazaar? 


  1.     Department store
  2.     Hawker 
  3.     Speciality store
  4.     None of the above
Explanation:-
Answer: Option A. -> Department store
:
A

Big Bazaar is a departmental store. 


Question 2.


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
Explanation:-
Answer: Option A. -> Internal Trade
:
A

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


Question 3.


The purchase of goods from a foreign country is called___ . 


  1.     Entreport
  2.     Import
  3.     Re-Export
  4.     Export
Explanation:-
Answer: Option B. -> Import
:
B

The purchase of goods from a foreign country is called import. 


Question 4.


A warehouse keeper accepts goods for the purpose of___


  1.     Storage
  2.     Selling
  3.     Packaging
  4.     Export
Explanation:-
Answer: Option A. -> Storage
:
A

A warehouse keeper accepts goods for the purpose of storage.


Question 5.


What kind of retail business acts as a universal supplier of a wide variety of product?


  1.     Departmental stores
  2.     Multiple shop
  3.     Mail order business
  4.     Tele- shopping
Explanation:-
Answer: Option A. -> Departmental stores
:
A

Departmental stores act as the universal supplier of a wide variety of products.


Question 6.


What is the advantage of a mall?


  1.     All of these
  2.     Convenience in shopping
  3.     Attract large number of customers
  4.     Wide choice.
Explanation:-
Answer: Option A. -> All of these
:
A

Convenience in shopping, attract large number of customers and having a wide choice are all advantages of a mall.


Question 7.


Which of the following comes under Fixed shop small retailers?


  1.     General stores
  2.     Malls
  3.     Departmental stores
  4.     Multiple stores
Explanation:-
Answer: Option A. -> General stores
:
A

General stores come under fixed shop small retailers.


Question 8.


The persons who come in between the primary producer and the final consumer to promote trade is called as?


  1.     Trader
  2.     Middleman
  3.     Auctioneer
  4.     Agent
Explanation:-
Answer: Option B. -> Middleman
:
B

Middleman is the person who comes in between the primary producer and final consumer


Question 9.


A businessman buying and selling goods in small quantities comes under___


  1.     Retail trade
  2.     Single line business
  3.     Wholesale
  4.     None of the above 
Explanation:-
Answer: Option A. -> Retail trade
:
A

A businessman buying and selling goods in small quantities comes under retail trade. 


Question 10.


Who offers facilities for after sales services?


  1.     Retailers
  2.     Both Retailers and Wholesalers
  3.     Wholesalers
  4.     None of the above 
Explanation:-
Answer: Option A. -> Retailers
:
A

Retailers offer facilities for after-sales services. 


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