CBSE Class 11 Business Studies Internal Trade MCQs Set C

Refer to CBSE Class 11 Business Studies Internal Trade MCQs Set C provided below available for download in Pdf. The MCQ Questions for Class 11 Business Studies with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Chapter 10 Internal Trade Class 11 MCQ are an important part of exams for Class 11 Business Studies and if practiced properly can help you to improve your understanding and 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.

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

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

Answer: A

Question. Which theory holds that nation should produce those goods in which it has the greatest relative advantage?
(a) The factor endowment theory
(b) The theory of absolute cost advantage
(c) The theory of relative advantage
(d) None of the options

Answer: C

Question. Purchase and sale of goods and services in_______quantity is referred to as wholesale trade:
(a) Small
(b) Little
(c) Large
(d) Slight

Answer: C

Question. The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.
(a) Tele-shopping
(b) mail order trading house
(c) Departmental store
(d) co-operative store

Answer: B

Question. ____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.
(a) Wholesaler
(b) Agent
(c) Retailer
(d) Mercantile agent

Answer: A

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. Retail outlets that sell their merchandise through mail are called as:
(a) General stores
(b) Mail Order Houses
(c) Super markets
(d) Chain stores

Answer: B

Question. Difference in _______ are the basic cause of trade
(a) taste
(b) qualities
(c) price
(d) taxes

Answer: C

Question. The manufacturing of merchandise of the retail units in a chain store is centralised at the________:
(a) Owner’s house
(b) Store
(c) Departmental store
(d) Head office

Answer: D

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

Answer: A

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

Answer: D

Question. Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Mate’s receipt
(c) Certificate of origin
(d) Bill of entry

Answer: D

Question. General stores comes under the category of:
(a) Large stores
(b) Chain stores
(c) Departmental stores
(d) Fixed shop small retailers

Answer: D

Question. Which of the following is fixed shop large stores:
(a) Departmental stores
(b) Chain stores
(c) Multiple stores
(d) All of the options

Answer: D

Question. ____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.
(a) Wholesaler
(b) Agent
(c) Retailer
(d) Mercantile agent

Answer: A

Question. The persons who come in between the primary producer and the final consumer to promote trade is called as ____________
(a) Trader
(b) Middleman
(c) Auctioneer
(d) Agent

Answer: B

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

Answer: A

Question. Which is not characteristics of departmental store:
(a) Different departments
(b) Sole trade
(c) Under one roof
(d) Multiple management.

Answer: D

Question. When goods are imported for the purpose of export is called as _________
(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade

Answer: B

Question. Who among these can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices rise
(a) Agent
(b) Mercantile agent
(c) Wholesaler
(d) Retailer

Answer: C

Question. _______ means the raltive strength and elasticity of demand of two countries for each other product.
(a) devaluation
(b) Offer curve
(c) terms of trade
(d) none of the options

Answer: B

Question. Wholesaler’s deals in ____________ quantity of goods
(a) Small
(b) Limited
(c) Large
(d) Medium

Answer: C

Question. When goods are imported for the purpose of export is called as _________
(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade

Answer: B

MCQs for Chapter 10 Internal Trade Business Studies Class 11

Expert teachers of studiestoday have referred to NCERT book for Class 11 Business Studies to develop the Business Studies Class 11 MCQs. If you download MCQs with answers for the above chapter you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Business Studies will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest books also refer to the NCERT solutions for Class 11 Business Studies. We have also provided lot of MCQ questions for Class 11 Business Studies so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 11 Business Studies MCQ Test for the same chapter.

Where can I download latest CBSE MCQs for Class 11 Business Studies Chapter 10 Internal Trade

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