NCERT MCQ ON Internal Trade :
Q.1 Small scale Fixed retailers includes __________
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores
Answer
(d) General stores
Q.2 __________ are agents who merely bring the buyer and the seller into contact.
(a) Selling agent
(b) Commission agent
(c) Stockist
(d) Broker
Answer
(d) Broker
Q.3 Wholesalers deals in ___________quantity of goods
(a) Small
(b) Limited
(c) Large
(d) Medium
Answer
(c) Large
Q.4 The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export
Answer
(b) Import
Q.5 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) mail order trading house
Q.6 It is a network of a number of branches situated at different localities in the city or in the different parts of the country.
(a) Multiple shop
(b) Consumers? co-operative store
(c) Hire purchase system
(d) Internet marketing
Answer
(a) Multiple shop
Q.7 An agent is appointed by the _________
(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer
Answer
(a) Principal
Q.8 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) Middleman
Q.9 A warehouse keeper accepts goods for the purpose of _________
(a) Selling
(b) Packaging
(c) Export
(d) Storage
Answer
(d) Storage
Q.10 When goods are imported for the purpose of export is called as ________
(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade
Answer
(b) Entrepot
Q.11 It helps disabled and elderly people.
(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system
Answer
(a) Tele-shopping
Q.12 ___________ 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) Itinerant traders
Q.13 __________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) Wholesaler
Q.14 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) Departmental store
Q.15 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) consumers co-operative store
Discover more from EduGrown School
Subscribe to get the latest posts sent to your email.