Class 11 Business Studies MCQ Chapter 10 Internal Trade Solutions to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Business Studies MCQ Chapter 10 Internal Trade Question Answer and select need one. NCERT Class 11 Business Studies MCQ Chapter 10 Internal Trade Solutions Download PDF. AHSEC Class 11 Business Studies Multiple Choice Solutions.
Class 11 Business Studies MCQ Chapter 10 Internal Trade
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Business Studies Objective Type Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Business Studies Multiple Choice Question and Answer, HS First Year Business Studies MCQ Solutions for All Chapters, You can practice these here.
Internal Trade
Chapter: 10
| MCQ |
1. Buying and selling of goods and services within the boundaries of a nation are referred to as__________?
(i) Wholesale trade.
(ii) Wholesale.
(iii) Internal trade.
(iv) None of the above.
Ans: (iii) Internal trade.
2. On the basis of geographical location of buyers and sellers, trade can broadly be classified into________ ?
(i) One.
(ii) Two.
(iii) Three.
(iv) Four.
Ans: (ii) Two.
3. Which of the following is not an example of internal trade?
(i) Buying from a neighbourhood shop.
(ii) Importing goods from another country.
(iii) Purchasing goods from an exhibition.
(iv) Buying from a mall.
Ans: (ii) Importing goods from another country.
4. Internal trade can be classified into two broad categories viz:
(i) Wholesale trade.
(ii) Retail trade.
(iii) Both (i) and (ii).
(iv) None of the above.
Ans: (iii) Both (i) and (ii).
5. From the following which are not Major services offered by wholesalers to the producers of goods and services are given:
(i) Facilitating large scale production.
(ii) Financial assistance.
(iii) Help in marketing function.
(iv) Services to Consumers.
Ans: (iv) Services to Consumers.
6. What kind of duty is not levied on internal trade?
(i) Custom duty.
(ii) Products.
(iii) Sales.
(iv) Import duty.
Ans: (i) Custom duty.
7. What do wholesalers not typically sell to?
(i) Retailers.
(ii) Entreprise.
(iii) Industrial users.
(iv) Ultimate consumers.
Ans: (iv) Ultimate consumers.
8. The small retailers who are commonly found at places where huge floating population gathers are called?
(i) Industrial trade.
(ii) Street traders.
(iii) Internal trade.
(iv) External trade.
Ans: (ii) Street traders.
9. What are the examples of street traders?
(i) Near railway stations.
(ii) Bus stands.
(iii) Both (i) and (ii).
(iv) None of the above.
Ans: (iii) Both (i) and (ii).
10. Which of the following come under fixed shop retailers?
(i) Shops.
(ii) Stores.
(iii) Departmental stores.
(iv) Chain stores.
Ans: (iv) Chain Stores.
11. What kind of goods do street stall holders sell?
(i) Branded products.
(ii) Cheap variety goods.
(iii) Electronics item only.
(iv) Imported items only.
Ans: (ii) Cheap variety goods.
12. What was the example of Second-hand goods shop:
(i) Books.
(ii) Clothes.
(iii) Automobiles, furniture and other household goods.
(iv) All of the above.
Ans: (iv) All of the above.
13. From the following which is not important features of a departmental store are as follows:
(i) A modern departmental store may provide all facilities such as a restaurant, travel and information bureau, telephone booth, rest rooms, etc.
(ii) These stores are generally located at a central place in the heart of a city, which caters to a large number of customers.
(iii) As the size of these stores is very large, they are generally formed as a joint stock company managed by a board of directors.
(iv) Wholesalers serve as an important link between manufacturers and retailers.
Ans: (iv) Wholesalers serve as an important link between manufacturers and retailers.
14. Which type of customer is most likely to buy from second-hand goods shops?
(i) Wealthy individuals.
(ii) People with modest means.
(iii) Tourists.
(iv) High-end shoppers.
Ans: (ii) People with modest means.
15. Which types of shops are popular in urban areas?
(i) Speciality shops.
(ii) General stores.
(iii) Street stall holders.
(iv) Second-hand goods shop.
Ans: (i) Speciality shops.
