Free Internal Trade 01 Practice Test - 11th Grade - Commerce 

Question 1

What kind of a store is Big Bazaar? 

A.

Department store

B.

Hawker 

C.

Speciality store

D.

None of the above

SOLUTION

Solution : A

Big Bazaar is a departmental store. 

Question 2

Buying and selling of goods within the geographical limits of a country is known as?

A.

Internal Trade

B.

External Trade

C.

Barter system

D.

None of the above

SOLUTION

Solution : A

Internal Trade is the buying and selling of goods within the geographical limits of a country.

Question 3

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

SOLUTION

Solution : B

Middleman is the person who comes in between the primary producer and final consumer

Question 4

The purchase of goods from a foreign country is called___ . 

A.

Entreport

B.

Import

C.

Re-Export

D.

Export

SOLUTION

Solution : B

The purchase of goods from a foreign country is called import. 

Question 5

A warehouse keeper accepts goods for the purpose of___

A.

Storage

B.

Selling

C.

Packaging

D.

Export

SOLUTION

Solution : A

A warehouse keeper accepts goods for the purpose of storage.

Question 6

What kind of retail business acts as a universal supplier of a wide variety of product?

A.

Departmental stores

B.

Multiple shop

C.

Mail order business

D.

Tele- shopping

SOLUTION

Solution : A

Departmental stores act as the universal supplier of a wide variety of products.

Question 7

What is the advantage of a mall?

A.

All of these

B.

Convenience in shopping

C.

Attract large number of customers

D.

Wide choice.

SOLUTION

Solution : A

Convenience in shopping, attract large number of customers and having a wide choice are all advantages of a mall.

Question 8

Which of the following comes under Fixed shop small retailers?

A.

General stores

B.

Malls

C.

Departmental stores

D.

Multiple stores

SOLUTION

Solution : A

General stores come under fixed shop small retailers.

Question 9

Who offers facilities for after sales services?

A.

Retailers

B.

Both Retailers and Wholesalers

C.

Wholesalers

D.

None of the above 

SOLUTION

Solution : A

Retailers offer facilities for after-sales services. 

Question 10

A businessman buying and selling goods in small quantities comes under___

A.

Retail trade

B.

Single line business

C.

Wholesale

D.

None of the above 

SOLUTION

Solution : A

A businessman buying and selling goods in small quantities comes under retail trade. 

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