CBSE Class 11 Business Studies - MCQ and Online Tests - Unit 10 - Internal Trade

CBSE Class 11 Business Studies – MCQ and Online Tests – Unit 10 – Internal Trade

Every year CBSE schools conducts Annual Assessment exams for 6,7,8,9,11th standards. These exams are very competitive to all the students. So our website provides online tests for all the 6,7,8,9,11th standard’s subjects. These tests are also very effective and useful for those who preparing for any competitive exams like Olympiad etc. It can boost their preparation level and confidence level by attempting these chapter wise online tests.

These online tests are based on latest CBSE syllabus. While attempting these our students can identify the weak lessons and continuously practice those lessons for attaining high marks. It also helps to revise the NCERT textbooks thoroughly.

 

CBSE Class 11 Business Studies – MCQ and Online Tests – Unit 10 – Internal Trade

Question 1.
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

Answer: (a) Multiple shop

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Question 2.
Small scale Fixed retailers includes ____________
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores

Answer

Answer: (d) General stores

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Question 3.
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

Answer: (a) Departmental store

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Question 4.
____ 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

Answer: (c) Itinerant traders

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Question 5.
____________ 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

Answer: (a) Wholesaler

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Question 6.
A warehouse keeper accepts goods for the purpose of ____________
(a) Selling
(b) Packaging
(c) Export
(d) Storage

Answer

Answer: (d) Storage

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Question 7.
When goods are imported for the purpose of export is called as _________
(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade

Answer

Answer: (b) Entrepot

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Question 8.
The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export

Answer

Answer: (b) Import

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Question 9.
It helps disabled and elderly people.
(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system

Answer

Answer: (a) Tele-shopping

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Question 10.
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

Answer: (d) consumer?s co-operative store

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Question 11.
An agent is appointed by the ____________
(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer

Answer

Answer: (a) Principal

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Question 12.
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

Answer: (b) Middleman

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Question 13.
____________ are agents who merely bring the buyer and the seller into contact.
(a) Selling agent
(b) Commission agent
(c) Stockist
(d) Broker

Answer

Answer: (d) Broker

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Question 14.
Wholesaler?s deals in ____________ quantity of goods
(a) Small
(b) Limited
(c) Large
(d) Medium

Answer

Answer: (c) Large

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Question 15.
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

Answer: (b) mail order trading house

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