CBSE Class 11 Business Studies Internal Trade MCQs Set 01

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