CBSE Class 11 Business Studies Internal Trade MCQs

Refer to CBSE Class 11 Business Studies Internal Trade MCQs provided below. CBSE Class 11 Business Studies MCQs with answers available in Pdf for free download. The MCQ Questions for Class 11 Business Studies with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 11 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 10 Internal Trade are an important part of exams for Class 11 Business Studies and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Business Studies and also download more latest study material for all subjects

MCQ for Class 11 Business Studies Chapter 10 Internal Trade

Class 11 Business Studies students should refer to the following multiple-choice questions with answers for Chapter 10 Internal Trade in Class 11. These MCQ questions with answers for Class 11 Business Studies will come in exams and help you to score good marks

Chapter 10 Internal Trade MCQ Questions Class 11 Business Studies with Answers

Question : Payment made in internal trade:
(a) Import duty
(b) Export duty
(c) VAT
(d) None of these

Answer :  C


Question : It helps disabled and elderly people.
(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system

Answer :  A


Question : ____ are mobile traders who deal in low priced articles with no fixed place of business.
(a) Street stalls
(b) Retailers
(c) Itinerant traders
(d) Agents

Answer :  C


Question :  Agents are appointed by?
(a) Manufacturer
(b) Wholesaler
(c) Retailer
(d) Principal

Answer :  D


Question : Wholesaler help the manufacturer in availing the economies of scale by
(a) Making huge order
(b) Doing marketing of manufacturer
(c) collects order from various retailers and passes on this pool of order to the manufacturer
(d) None of the above

Answer :  C


Question : Where departmental store are famous:
(a) USA and Europe
(b) India
(c) China
(d) Pakistan.

Answer :  A


Question : An agent is appointed by the _________
(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer

Answer :  A


Question : The aim is to economies by buying in common and to retain their profits by selling in common.
(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumers co-operative store

Answer :  D


Question : International trade contributes and increases the world _________
(a) Population
(b) Inflation
(c) Economy
(d) Trade Barriers

Answer :  C


Question : The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export

Answer :  B


Question : _____ means selling the products at a price less than on going price in the market.
(a) Quota
(b) Tariff
(c) Subsidy
(d) Dumping

Answer :  D


Question : The aim is to economies by buying in common and to retain their profits by selling in common.
(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumer?s co-operative store

Answer :  D


Question : Goods imported for the purpose of export is known as
(a) Home trade
(b) Foreign trade
(c) Entrepot
(d) Trade

Answer : C


Question : The retailer plays as a link between
(a) Consumer and manufacturer
(b) Consumer and wholesaler
(c) Manufacturer and wholesaler
(d) He doesn’t link any

Answer :  B


Question : In consumers co-operative store goods are sold :
(a) Only in cash
(b) Only credit
(c) Both
(d) Free

Answer :  A


Question : Which is not example of big scale retail shop:
(a) Departmental store
(b) Super bazar
(c) Multiple shop
(d) Mail store.

Answer :  D


Question : Goods imported for the purpose of export is known as
(a) Home trade
(b) Foreign trade
(c) Entrepot
(d) Trade

Answer :  C


Question : Which among the following is not concerned with Chambers of Commerce & Industry
(a) CII
(b) FICCI
(c) ICICI
(d) ASSOCHAM

Answer : C


Question : A warehouse keeper accepts goods for the purpose of ____________
(a) Selling
(b) Packaging
(c) Export
(d) Storage

Answer :  D


Question : Which among the following is not concerned with Chambers of Commerce & Industry
(a) CII
(b) FICCI
(c) ICICI
(d) ASSOCHAM

Answer :  C


Question : Small scale Fixed retailers includes __________
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores

Answer : D


Question : The international trade between ___________ is like a vast game of beggar my neighbor.
(a) Exporter & Importer
(b) Two Countries
(c) Two world wars
(d) Country’s allies and enemies

Answer : C


Question : This retail business acts as a universal supplier of a wide variety of products.
(a) Multiple shop
(b) Mail order Business
(c) Tele-shopping
(d) Departmental store

Answer :  D


Question : Domestic company limits it’s operations to ___________ political boundaries.
(a) International
(b) National
(c) Transnational
(d) Global

Answer :  B


Question : The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export

Answer :  B


Question : This retail business acts as a universal supplier of a wide variety of products.
(a) Multiple shop
(b) Mail order Business
(c) Tele-shopping
(d) Departmental store

Answer : D


Question : These are agents whose function is to bring the buyer and the seller into contact.
(a) Commission agent
(b) Selling agent
(c) Broker
(d) Stockist

Answer :  C


Question : _____ are usually seen at places where a there is a huge gathering on a regular basis; such as on bus stops, railway stations, office areas, etc.
(a) Wholesaler
(b) Manufacture
(c) Street traders
(d) Retailer

Answer :  C

More Study Material

CBSE Class 11 Business Studies Chapter 10 Internal Trade MCQs

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Chapter 10 Internal Trade MCQs Business Studies CBSE Class 11

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Chapter 10 Internal Trade CBSE Class 11 MCQs Business Studies

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